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)。 s.bc>E0
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: [ey:e6,T9
(Expressed in RMB thousands) CtyoHvw+M
FINANCLAL STATEMENTS ITEMS ^U
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20×8 ")O%86_Q:
20×7 sF!($k;!
K0-ypU*P
Sales sy:[T T!w
64000 Oft-w)cYz,
48000 xHL( !PF
FQu8vwV6>
Cost of sales e@Fo^#ImDx
54000 .{ocV#{s
42000 zL$@`Eh-KP
t[ubn+
Net profit S^-DK~Xt4
30 x2OaPlG,&V
-20 *W.C7=
CJ1 7n
/1"(cQ%?
December 31, 20×8 S>h;K`
December 31, 20×7 ;YA(|h<
mw_~*Nc'9
Inventory <'qeXgi
16000 veMH
12000 L^E[J`
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Current assets g[1gF&
60000 k.5u
50000 ?u{~>
)2Wi`ZT
Total assets )m`<H>[Eb=
100000 d74d/l1*{
90000 VPO
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+AR5W(&
Current liabilities f%SZg!+t
20000 QqFR\6
18000 &M46&^Jho
~Mx!^
Total liabilities I;e=0!9U
30000 PH1p2Je
25000 d ^^bke$~
)Ub_@)X3%l
dCE0$3'5
During the audit, John has the following findings: I9/W;#
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: `P@T$bC
Dr. Cash in Bank RMB 5820000 >pU$wq|i
Dr. Financial Expenses RMB 180000 wP6
Fl L
Cr. Notes Receivable RMB 6000000 hlV=qfc
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: LCZ\4g05
Dr. Non-operating Expenses RMB 3000000 P^A!.}d
Cr. Provisions RMB 3000000 [BWNRC1
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 cv?06x{
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: BU
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Dr. Provisions RMB 3000000 K?[q%W]%
Cr. Cash in Bank RMB 2500000 ,=UK}*e"
Cr. Non-operating Income RMB 500000 3N dq>
Required: U7K,AflK?M
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. +
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(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: `);AW(Q
(a)Inventory Turnover Rate in 20×8; |uX,5Q#6
(b)Gross Profit Ratio in 20×8; FoNSM$x
(c)After Tax Return on Total Assets in 20×8; and @aAW*D~-J
(d)Current Ratio as at December 31, 20×8 -7*ET3NSI/
(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. ZG>PQA
【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。 ?\vh9
以下是未经审计财务报表的部分信息: Hw7;;HK
7
(单位:千元) ]ro*G"-_1#
项目 20×8 20×7 uEktQ_u[
营业收入 64 000 48 000 ,5|&A
营业成本 54 000 42 000 Yn@lr6s
净利润 30 -20 6A>dhU
!D@ZYK;
20×8年12月31日 20×7年12月31日 *G{^|z
存货 16 000 12 000 PMNjn9d
流动资产 60 000 50 000 2^y
^q2(r
总资产 100 000 90 000 N"" BCh"
流动负债 20 000 18 000 ;g @4
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总负债 30 000 25 000 P,xKZ{(
在审计过程中,约翰发现以下事项: mzeY%A<0^
(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: Jll-`b 1
借:银行存款5 820 000 rf?qdd(~cH
财务费用 180 000 <g1hxfKx5
贷:应收票据6 000 000 b\3Oyp>
(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: $"FQj4%d
借:营业外支出 3 000 000 I(V!Mv8j
贷:预计负债 3 000 000 jFASX2.p
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: QWD'!)Zb
借:预计负债 3 000 000 gu0j.XS^
贷:银行存款 2 500 000 =h0,?]z
营业外收入 500 000 jzDuE{
要求: LS7, a|
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 %/|9@e r
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: {U1?Et#
(a)20×8年存货周转率 s$cK(S#
(b)20×8年销售毛利率 o=50>$5jlS
(c)20×8年总资产净利率 #
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(d)20×8年12月31日的流动比率 x[$z({Yf
(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) >33=<~#n
【答案】 V!lZ\)
(1)应选择营业收入作为计算重要性水平的基础。 ]^lw*724'>
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ;A]@4*q
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 cki81bOT
销售毛利率=(64000-54000)/64000×100%=15.63% @)|C/oA
总资产净利率=30/[(100000+90000)/2]=0.03%
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流动比率=60000/20000=3 `8AR_7i
(3) iPd[l{85Z
a.应建议做如下审计调整分录: 7JEbH?lEN
借:应收票据 6 000 000 aMtsmL?=
贷:短期借款 5 820 000 n/Sw P
财务费用 180 000 _a6[{_Pc
b.应建议做如下审计调整分录: \P.I)n`8 y
借:预计负债 3 000 000 U*22h` S
贷:营业外支出 500 000 | N[<x@
其他应付款 2 500 000 Xc?&_\. +