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)。 -B&
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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: d7S?"JpV
(Expressed in RMB thousands) Lp)P7Yt-
FINANCLAL STATEMENTS ITEMS rK\9#[?x
20×8 F*T$n"^
20×7 20# V?hX3
55FRPNx-x
Sales /gn!="J
64000 J7Mbv2D
48000 yy Y\g
h[mJ=LIrg
Cost of sales x4K A8
54000 }T-'""*
42000 U!(es0rX
>Ptu-*
Net profit
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30 oL~?^`cGZ
-20 !;;7:!)P
L2=:Nac
/;kSa}"Q
December 31, 20×8 Y]tbwOle
December 31, 20×7 Cu!]-c{
_+.JTk
Inventory 3m| C8:
16000 p| ?FA@ 3
12000 l0U23i
"n_X4e+18P
Current assets u 7
:Iv
60000 bjo}95
50000 >g m
G\o9mEzQ
Total assets _M+7)[xj=
100000 txvo7?Y*4
90000 6bPl(.(3
kD0bdE|
Current liabilities >7PNl\=gG
20000 80ox$U
18000 rzs-c ?
}'*6 A
Total liabilities =t`cHs29
30000 f
!{@{\
25000 D*j^f7ab
QYi4A"$
`
7WwE] ^M
During the audit, John has the following findings: j
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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: +H28 F_#
Dr. Cash in Bank RMB 5820000 XDHi4i47`o
Dr. Financial Expenses RMB 180000 |-;VnC&UY
Cr. Notes Receivable RMB 6000000 uuxVVgWp{
(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: U
E$Ix
Dr. Non-operating Expenses RMB 3000000 k(M:#oA!
Cr. Provisions RMB 3000000 0)M8Tm0$
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 s<rV1D
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: TkJ[N4'0
Dr. Provisions RMB 3000000 l&}}Io$?@
Cr. Cash in Bank RMB 2500000 N/ f7"~+`
Cr. Non-operating Income RMB 500000 wJNm}Wf
Required: Ij$C@hH
(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. \H~zN]3^
(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: [F'|KcE3
(a)Inventory Turnover Rate in 20×8; V$sY3,J7A%
(b)Gross Profit Ratio in 20×8; dt^h9I2O
(c)After Tax Return on Total Assets in 20×8; and z DU=2c4W9
(d)Current Ratio as at December 31, 20×8 *yaS^k\
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. <N1wET-
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 Xjkg7p,HD@
以下是未经审计财务报表的部分信息: #fYB4.i~
(单位:千元)
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项目 20×8 20×7 u*TC8!
n
营业收入 64 000 48 000 fGO\f;P
营业成本 54 000 42 000 tAF?.\x"g
净利润 30 -20 OQ7 `n<I<)
:
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20×8年12月31日 20×7年12月31日 h%krA<G9
存货 16 000 12 000 Rd&DH_<+^
流动资产 60 000 50 000 @p
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总资产 100 000 90 000 m3gv %h
流动负债 20 000 18 000 5&V=$]t
总负债 30 000 25 000 PO`p.("h
在审计过程中,约翰发现以下事项: Aeb(b+=
(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: D%abBE1
借:银行存款5 820 000 =29IHL
3
财务费用 180 000 S0)JIrrHC
贷:应收票据6 000 000 B*
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(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: V`1,s~"q
借:营业外支出 3 000 000 ;~EQS.Qp
贷:预计负债 3 000 000 D]]wJQU2
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: DK\XC%~m
借:预计负债 3 000 000 ?9kC[4G
贷:银行存款 2 500 000 3o%vV*
营业外收入 500 000 .VCY|KZ
要求: iCE!TmDT
(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。 u3C_Xz
(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: /{\ /e"5
(a)20×8年存货周转率 njF$1? )sq
(b)20×8年销售毛利率
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(c)20×8年总资产净利率 %bAQ>E2;m
(d)20×8年12月31日的流动比率 A^>@6d $2
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) f9W:-00QD
【答案】 G
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(1)应选择营业收入作为计算重要性水平的基础。 ;:fW]5"R
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 S^eem_C
(-21h0N[V
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 <w{?b'/q
销售毛利率=(64000-54000)/64000×100%=15.63% @ph!3<(In,
总资产净利率=30/[(100000+90000)/2]=0.03% U`%t&7)
流动比率=60000/20000=3 D\AVZ76F1
(3) 9{*{Ba
a.应建议做如下审计调整分录: +?$J8Paf
借:应收票据 6 000 000 mdWA5p(
贷:短期借款 5 820 000 #i[:oC6m:
财务费用 180 000 r3l1I}
b.应建议做如下审计调整分录: q 84*5-
借:预计负债 3 000 000 mG jB{Q+
贷:营业外支出 500 000 Io1j%T#ZT
其他应付款 2 500 000 m2c'r3 UEu