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)。 y
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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: T8a' 6otc
(Expressed in RMB thousands) ?).;cG:<
FINANCLAL STATEMENTS ITEMS w[
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20×8 @KK6Jy OTQ
20×7 9 Gd6/2
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Sales @w8}]S
64000 HP.=6bJWi
48000 `s)4F~aVo
3/`BK{
Cost of sales /IWAU)A0
54000 fgd2jr3T
42000 (M$0'BV0
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Net profit Jz`jN~
30 ;&&<zWq3h
-20 AOZ C D{
BQ0?B*yqd
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December 31, 20×8 U0_)J1Yp
December 31, 20×7 9>&zOITTaL
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Inventory OP1`!P y
16000 0~fjY^(
12000 FE\E%_K'n7
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Current assets LZn'+{\`
60000 QEs$9a5TE
50000 D6Ad
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Total assets btuG%D{a^
100000
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90000 gS'{JZu2
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Current liabilities $\BYN=#
20000 t,7%|
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18000 RxMsP;be
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Total liabilities Vx $;wU Y
30000 :cC$1zv@
25000 VO:4wC"7
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?$6H',u
During the audit, John has the following findings: \P.h;|u
(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: rRq60A
Dr. Cash in Bank RMB 5820000 Bu(51wU8
Dr. Financial Expenses RMB 180000 mU #F>
Cr. Notes Receivable RMB 6000000 zl1*GVg
(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: bgorW"'
Dr. Non-operating Expenses RMB 3000000 N_c44[z1
Cr. Provisions RMB 3000000 P4[kW}R
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 AT"gRCU$4
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: KyyRHf5
Dr. Provisions RMB 3000000 V.*TOU{{xh
Cr. Cash in Bank RMB 2500000 }YDi/b7
Cr. Non-operating Income RMB 500000 !rUP&DA
Required: t neTOj
(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. U+!RIF[Je
(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: ^o3,YH
(a)Inventory Turnover Rate in 20×8; @)U.Dbm
(b)Gross Profit Ratio in 20×8; tY"eoPme
(c)After Tax Return on Total Assets in 20×8; and *C*ZmC5
(d)Current Ratio as at December 31, 20×8 sC-o'13
(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. (GmBv
【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。 \(Sly&gL
以下是未经审计财务报表的部分信息:
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(单位:千元) z)3TB
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项目 20×8 20×7 x4^nT=?6_
营业收入 64 000 48 000 ]rlZP1".
营业成本 54 000 42 000 aRMlE*yW
净利润 30 -20 EsGu#lD2
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20×8年12月31日 20×7年12月31日 *k LFs|U
存货 16 000 12 000 fUjo',<s
流动资产 60 000 50 000 LIID(s!bX
总资产 100 000 90 000 rt
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流动负债 20 000 18 000 eS8(HI6{^
总负债 30 000 25 000 [
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在审计过程中,约翰发现以下事项: :TQp,CEa
(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: [bh?p+V
借:银行存款5 820 000 '8q3ub<\
财务费用 180 000 <[db)r~c
贷:应收票据6 000 000 1 (<n^\J(
(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: I0}.!
借:营业外支出 3 000 000 :'p)xw4K|
贷:预计负债 3 000 000 D^[l~K
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: 81Kf X {|
借:预计负债 3 000 000 Ugri _
贷:银行存款 2 500 000 SxRJ{m~
营业外收入 500 000 V+`kB3GV
要求: s%D%c;.|
(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。 9mi@PW}1
(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: $Z G&d
(a)20×8年存货周转率 !eyLh&]5
(b)20×8年销售毛利率 Zy(i
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(c)20×8年总资产净利率 T~]~'+<Pi
(d)20×8年12月31日的流动比率 9<Pg2#*N0
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) Nn05me"X
【答案】 c-$rB_t+
(1)应选择营业收入作为计算重要性水平的基础。 =0cTct6
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 eQ>Ur2H8n
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 +M=h+3hw](
销售毛利率=(64000-54000)/64000×100%=15.63% _BewaI;w
总资产净利率=30/[(100000+90000)/2]=0.03% S\:^#Yi`
流动比率=60000/20000=3 .\XRkr'-
(3) x/s:/YN'
a.应建议做如下审计调整分录: }3*<sxw7<
借:应收票据 6 000 000 ^?lpY{aa
贷:短期借款 5 820 000 &hWELZe0vv
财务费用 180 000 `LkrG9KV{
b.应建议做如下审计调整分录: #z(:n5$F
借:预计负债 3 000 000 E'WXi!>7p
贷:营业外支出 500 000
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其他应付款 2 500 000 TZgtu+&