六、英文附加题(本题型共1题,共10分。有小数点的,保留两位小数。小数点两位后四舍五入。用英文在答题卷上解答,答在试题卷上无效)。 o"kL,&
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: c6iFha;db
(Expressed in RMB thousands) \6pQ&an
FINANCLAL STATEMENTS ITEMS R 0G!5>1i
20×8 BJ5^-|
20×7 ;*d?Qe:
o|_9%o52'
Sales -MORd{GF
64000 /J(~NGT
48000 xU(b:D Z
V?-2FK]
Cost of sales R3.8Dr0f
54000
iP1yy5T
42000 Zv9%}%7p
x&$8;2&.
Net profit ' t^ r2N/
30 p}Bh
-20 i?|u$[^=+
p[;@9!t
ll?Qg%V[t
December 31, 20×8 E5Ls/ HK
December 31, 20×7 }C$D-fH8sW
M<SV H_
Inventory jLw|F-v-l<
16000 @ 0/EKWF
12000 $J0o%9K
Pjq()\/[Z
Current assets Lzx/9PPYn
60000 NS "1zR+
50000 "#h/sAIs
}*vE/W
Total assets Hr \vu`p$
100000 7Jpq7;
90000 "
BU4\QF-
6zGeGW
Current liabilities &G?w*w_n
20000 } V"A;5j`
18000 jY ;Hdb''
0%yPuY>
Total liabilities *o<|^,R
30000 6.a|w}C`
25000 vtc%MG1
V}FH5z
|
g\*2w
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During the audit, John has the following findings: s=Kz9WLy
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: MOm+t]vq1
Dr. Cash in Bank RMB 5820000 a%QgL&_5
Dr. Financial Expenses RMB 180000 b{
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Cr. Notes Receivable RMB 6000000 (@bq@0g
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ET%F+
Dr. Non-operating Expenses RMB 3000000 di<g"8
Cr. Provisions RMB 3000000 74hRG~
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 UgOhx-8
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: =>O{hT^F
Dr. Provisions RMB 3000000 bzZ7L-yD
Cr. Cash in Bank RMB 2500000 -oY8]HrXfK
Cr. Non-operating Income RMB 500000 V|<'o<h8
Required: wBEBj7(y
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. j#YVv c%
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: Bm6tf}8
(a)Inventory Turnover Rate in 20×8; 7'ws: #pC
(b)Gross Profit Ratio in 20×8; -<tTT
(c)After Tax Return on Total Assets in 20×8; and (R9"0WeF
(d)Current Ratio as at December 31, 20×8 (aB:P03
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. q3|SZoN
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。
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以下是未经审计财务报表的部分信息: -WGlOpg0;
(单位:千元) GY"c1KE$
项目 20×8 20×7 0;%\L :,O
营业收入 64 000 48 000 Z5`V\$
营业成本 54 000 42 000 -.-@|*5
净利润 30 -20 Yfy";C7X
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20×8年12月31日 20×7年12月31日 q35=_'\W
存货 16 000 12 000 _j~y;R)
流动资产 60 000 50 000 cVSns\QO
总资产 100 000 90 000 ${97G#
流动负债 20 000 18 000 @2>ce2+
总负债 30 000 25 000 SUL\|z`5
在审计过程中,约翰发现以下事项: \\Z?v,XsS
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: |{rhks~
借:银行存款5 820 000 !"ydl2
财务费用 180 000 W~s:SN
贷:应收票据6 000 000 <d{>[R)
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: U?Vik
借:营业外支出 3 000 000 "po;[
Ia2
贷:预计负债 3 000 000 ft!D2M
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: s,M]f,T
借:预计负债 3 000 000 +u
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贷:银行存款 2 500 000 {RD9
j1
营业外收入 500 000 N
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要求:
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(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 BM87f:d
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: <W*6=HZ'
(a)20×8年存货周转率 m=w #l>!
(b)20×8年销售毛利率 V0_^==Vs
(c)20×8年总资产净利率 n+s=u$%qn
(d)20×8年12月31日的流动比率 m,F4N$
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) p.,`3"C1
【答案】 X#X/P
(1)应选择营业收入作为计算重要性水平的基础。 -y/Y%]%0
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 =n;LP#(h ?
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 i\*
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销售毛利率=(64000-54000)/64000×100%=15.63% FQ/z,it_i
总资产净利率=30/[(100000+90000)/2]=0.03% tNAmA
流动比率=60000/20000=3 HLqDI lL
(3) w ;:{
a.应建议做如下审计调整分录: '1Ex{$Yk
借:应收票据 6 000 000 \3x+Z!
贷:短期借款 5 820 000 _?XR;2]
财务费用 180 000 )1<GSr9
b.应建议做如下审计调整分录: C~M,N|m+^
借:预计负债 3 000 000 8]4
W@~c
贷:营业外支出 500 000 .8wF>
8
其他应付款 2 500 000 mlz|KI~\F;