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)。 @E(P9zQ/zy
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: %r P !
(Expressed in RMB thousands) m2ox8(sd
FINANCLAL STATEMENTS ITEMS \*J.\f
20×8 oX*b<d{\N
20×7 ,P~QS
22'vm~2E
Sales ETg{yBsp
64000 "?[7#d])
48000 S[sr'ZW
]Y =S
Cost of sales kw#X]`c3
54000 [x|)}P7%s
42000 R Y9.n
T,Fm"U6[(
Net profit ,0,Oe=d
30 K?JV
]^
-20 `xGT_0&ck
UtPwWB_YV
1Df,a#,y"
December 31, 20×8 IE}Sdeqi)
December 31, 20×7 c~37+^B:
EFD?di)s
Inventory G4O3h Y.`
16000 1[px`%DR~
12000 5E0w n'
IOS^|2:,
Current assets {F/q{c~]
60000 Eny!R@u7q
50000 oo\IS\
r\B"?oqC
Total assets \D ^7Z97
100000 Wy!uRzbBv
90000 w7r'SCVh3+
,k\/]9
Current liabilities JC/d:.
20000 5Vm Eyb
18000 >I|<^$/
X4Lsvvz%@
Total liabilities Z|}H^0~7S
30000 +~:x}QwGT
25000 fmBkB8
l-XnB
51z /
During the audit, John has the following findings: K('
9l& A
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: URk$}_39
Dr. Cash in Bank RMB 5820000 VYHOk3
Dr. Financial Expenses RMB 180000 :)j7U3u
Cr. Notes Receivable RMB 6000000 pRb<wt7v
(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: F~%|3a$Y
Dr. Non-operating Expenses RMB 3000000 X:DMT>5k
Cr. Provisions RMB 3000000 eXc[3ceUr
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 PMQb\%iE"
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: *Q0lC1GQ
Dr. Provisions RMB 3000000 t Z+0}d
Cr. Cash in Bank RMB 2500000 p?}&
)Un
Cr. Non-operating Income RMB 500000 )Gmb?!/^
Required: @PKAz&0
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. G}Gb|sD
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(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: KLON;
(a)Inventory Turnover Rate in 20×8; tD865gi
(b)Gross Profit Ratio in 20×8; >=bt
(c)After Tax Return on Total Assets in 20×8; and
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(d)Current Ratio as at December 31, 20×8 &&ja|o-
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. *u58l(&`8
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 ]Kof sU_{
以下是未经审计财务报表的部分信息: )eVzS j>MT
(单位:千元) DZ,<Jmg&e*
项目 20×8 20×7 BF>T*Z-Ki
营业收入 64 000 48 000 U-ERhm>uk
营业成本 54 000 42 000 *13g<#$
净利润 30 -20 x-tm[x@;o
Sb^a dd0dT
20×8年12月31日 20×7年12月31日 }F~f&<GX6
存货 16 000 12 000 \m@]G3=]
流动资产 60 000 50 000 /@6E3lhS
总资产 100 000 90 000 Q=^ktKMeR
流动负债 20 000 18 000 '
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总负债 30 000 25 000 ^*HVP*
在审计过程中,约翰发现以下事项: O}e|P~W
(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: llHN2R%(
借:银行存款5 820 000 t`N
">c"
财务费用 180 000 #8P#^v]H
贷:应收票据6 000 000 oH!$eAU?
(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: K-N]h
借:营业外支出 3 000 000 38Bnf
贷:预计负债 3 000 000 j0ci~6&b3_
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: z4 GN8:~x
借:预计负债 3 000 000 d/"gq}NT
贷:银行存款 2 500 000 Ry3+/]
营业外收入 500 000 Y{+zg9L*
要求: 6-)
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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。 6 ,7/8
(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: WZfk}To1#
(a)20×8年存货周转率 53g8T+`\(
(b)20×8年销售毛利率
2tm~QL
(c)20×8年总资产净利率 sURUQ H
(d)20×8年12月31日的流动比率 QCZ,K"y
(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) O|A~dj`
【答案】 9^6|ta0;0
(1)应选择营业收入作为计算重要性水平的基础。 i{Y=!r5r
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 :DS2zA
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 L,s|gtv
销售毛利率=(64000-54000)/64000×100%=15.63% 6i*ArGA
总资产净利率=30/[(100000+90000)/2]=0.03% F'$9en2I:
流动比率=60000/20000=3 EuR!yD
(3) F{a0X0ru~
a.应建议做如下审计调整分录: {hW
+^
借:应收票据 6 000 000 r6gt9u:
贷:短期借款 5 820 000 ]be0I)
财务费用 180 000 DTX/3EN
b.应建议做如下审计调整分录: V0SW 5
m
借:预计负债 3 000 000 T! &[
贷:营业外支出 500 000 0 .6X{kO
其他应付款 2 500 000 23B^g