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)。 hyr5D9d
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: 'ra_Zg[j
(Expressed in RMB thousands) :5qqu{GL
FINANCLAL STATEMENTS ITEMS 0v,`P4_k
20×8 [eTck73
20×7 YP@?j
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Sales %.r5E2'
64000 g^|_X1{
48000 :O_
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M4$4D?
Cost of sales 34&$_0zn
54000 2* cKFv{
42000 bN~'cs8 e
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Net profit ( Nve5
30 1QdB`8in
-20 Ij,?G*
5w-G]b
I(r5\A=
December 31, 20×8 R,k[Kh
December 31, 20×7 -_H2FlB
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Inventory Z6HkQ=A64
16000 " kJWWR
12000 %nK15(
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Current assets d4rJ?qw
60000 & ;x1Rx
50000 -
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Total assets {b8 Y-
100000 LZ<
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90000 I
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L.~]qs|G/K
Current liabilities ^i,0n}>
20000 Xf/<.5A
18000 ^bgm0,M
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Total liabilities _-2n3py
30000 zAdVJ58H
25000 2SCf
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pHbguoH,
y8 u)Q
During the audit, John has the following findings: k*+ZLrT
(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: o+WrIAR
Dr. Cash in Bank RMB 5820000 T;e (Q,!H
Dr. Financial Expenses RMB 180000 [T&y5"@
Cr. Notes Receivable RMB 6000000 t
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(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: %b'VEd7
Dr. Non-operating Expenses RMB 3000000 IpVwn Nj!}
Cr. Provisions RMB 3000000
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 1OGv+b)
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: kj"_Y"q=
Dr. Provisions RMB 3000000 vxfh1B&
Cr. Cash in Bank RMB 2500000 SNV+.xN
Cr. Non-operating Income RMB 500000 h 7P?n.K
Required: a[9OtZX<
(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. _|#|mb4Fe
(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: * =N6_
(a)Inventory Turnover Rate in 20×8; E
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(b)Gross Profit Ratio in 20×8; &wC.?w$
(c)After Tax Return on Total Assets in 20×8; and ~Am
%%$
(d)Current Ratio as at December 31, 20×8 ,,-3p#Pbw
(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. zEL[%(fnc
【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。 K>~cY%3^i
以下是未经审计财务报表的部分信息: OehB"[;+
(单位:千元) &K*_/Q
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项目 20×8 20×7 #6Ph"\G/
营业收入 64 000 48 000 X-^Oz@.>
营业成本 54 000 42 000 by3kfY]4s
净利润 30 -20 uy%PTi+A
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20×8年12月31日 20×7年12月31日 9 W
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存货 16 000 12 000 fmyS#
6"
流动资产 60 000 50 000 OnJSu
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总资产 100 000 90 000 #SUq.A
流动负债 20 000 18 000 ^]K)V
总负债 30 000 25 000 ~x\Q\Cxp
在审计过程中,约翰发现以下事项: eWs^[^c.<
(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: f
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借:银行存款5 820 000 x1ex}_\
财务费用 180 000 J(*"S!q)6
贷:应收票据6 000 000 , |B\[0p
(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: Wm/k(R`O<
借:营业外支出 3 000 000 /1GZN *I
贷:预计负债 3 000 000 Bnc
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: ,6)y4=8 L
借:预计负债 3 000 000 pAL-Pl9z
贷:银行存款 2 500 000 tH!z7VZ
营业外收入 500 000 PQ|x?98
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。 id9T[^h
(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: O&%T_Zk@@
(a)20×8年存货周转率 :CHd\."%+1
(b)20×8年销售毛利率 &^>r<~]
(c)20×8年总资产净利率 0`=?ig
_
(d)20×8年12月31日的流动比率 #&gy@!a~
(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) eT?LMBn\
【答案】 $ {"St&(
(1)应选择营业收入作为计算重要性水平的基础。 Y'R1\Go-
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 Y5pNKL
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 W%:zvqg
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销售毛利率=(64000-54000)/64000×100%=15.63% GDntGTE~sk
总资产净利率=30/[(100000+90000)/2]=0.03% Q)8t;Kx
流动比率=60000/20000=3 r4zS, J;,
(3) Kj5f:{Ur
a.应建议做如下审计调整分录: |U0@(H
借:应收票据 6 000 000 8h2?Q
贷:短期借款 5 820 000 ddxv.kIj.
财务费用 180 000 "+_0idpF
b.应建议做如下审计调整分录: 5eJd$}Lbc
借:预计负债 3 000 000 lvffQ_t
贷:营业外支出 500 000 <GEn9;\
其他应付款 2 500 000 OkXOV