private sectors have inefficient capitals to support
short term borrowings are unreliable
long term and lager amount of loan is too risky
it is necessary for government to intervene with the banking system sometimes
第1题：
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:
（Expressed in RMB thousands）
FINANCLAL STATEMENTS ITEMS
20×8
20×7
Sales
64000
48000
Cost of sales
54000
42000
Net profit
30
-20
December 31, 20×8
December 31, 20×7
Inventory
16000
12000
Current assets
60000
50000
Total assets
100000
90000
Current liabilities
20000
18000
Total liabilities
30000
25000
During the audit, John has the following findings:
(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:
Dr. Cash in Bank RMB 5820000
Dr. Financial Expenses RMB 180000
Cr. Notes Receivable RMB 6000000
(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:
Dr. Non-operating Expenses RMB 3000000
Cr. Provisions RMB 3000000
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000
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:
Dr. Provisions RMB 3000000
Cr. Cash in Bank RMB 2500000
Cr. Non-operating Income RMB 500000
Required:
(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.
(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:
(a)Inventory Turnover Rate in 20×8;
(b)Gross Profit Ratio in 20×8;
(c)After Tax Return on Total Assets in 20×8; and
(d)Current Ratio as at December 31, 20×8
(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.
【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。
以下是未经审计财务报表的部分信息：
（单位：千元）
|
项目 |
20×8 |
20×7 |
|
营业收入 |
64 000 |
48 000 |
|
营业成本 |
54 000 |
42 000 |
|
净利润 |
30 |
-20 |
|
20×8年12月31日 |
20×7年12月31日 | |
|
存货 |
16 000 |
12 000 |
|
流动资产 |
60 000 |
50 000 |
|
总资产 |
100 000 |
90 000 |
|
流动负债 |
20 000 |
18 000 |
|
总负债 |
30 000 |
25 000 |
在审计过程中，约翰发现以下事项：
（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：
借：银行存款5 820 000
财务费用 180 000
贷：应收票据6 000 000
（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：
借：营业外支出 3 000 000
贷：预计负债 3 000 000
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：
借：预计负债 3 000 000
贷：银行存款 2 500 000
营业外收入 500 000
要求：
（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。
（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：
（a）20×8年存货周转率
（b）20×8年销售毛利率
（c）20×8年总资产净利率
（d）20×8年12月31日的流动比率
（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）
【答案】
（1）应选择营业收入作为计算重要性水平的基础。
因为营业收入具有稳定性，净利润有亏转盈，不具有稳定性。
（2）存货周转率＝54 000/[（16000+12000）/2]＝3.86
销售毛利率＝（64000-54000）/64000×100％＝15.63％
总资产净利率＝30/[（100000+90000）/2]＝0.03％
流动比率＝60000/20000＝3
（3）
a.应建议做如下审计调整分录：
借：应收票据 6 000 000
贷：短期借款 5 820 000
财务费用 180 000
b.应建议做如下审计调整分录：
借：预计负债 3 000 000
贷：营业外支出 500 000
其他应付款 2 500 000
第2题：
We will instruct our bank to issue an L/C( ) favor of your company.
A. On
B. For
C. With
D. In
第3题：
A.Picasso
B.Van Gogh
C.Monet
D.Rembrandt
第4题：
A.the First Continental Congress
B.the Second Continental Congress
C.the Third Continental Congress
D.the Constitutional Convention
第5题：
The bank's request for loan security is ______.
A．to make the loan more profitable
B．to make the loan more diversified
C．to reduce the loss in case of default
D．to guard against deterioration of loan collateral
第6题：
听力原文：A bank or insurance company issues a document to guarantee that exporter will supply the goods or services as the required standard.
(4)
A．A bank or insurance company issues an advance payment bond.
B．A bank or insurance company issues a tender bond.
C．A bank or insurance company issues a maintenance bond.
D．A bank or insurance company issues a performance bond.
第7题：
听力原文：M: If a bank has inadequate liquidity, what would happen?
W: In this case, it cannot obtain sufficient funds, either by increasing liabilities or by converting assets promptly. Thus, insufficient liquidity can lead to the insolvency of a bank.
Q: What would lead to a bank's insolvency?
(14)
A．Adequate liquidity.
B．Insufficient liquidity.
C．Increasing liabilities.
D．Converting assets.
第8题：
此题为判断题(对，错)。
第9题：
A.verified
B.examined
C.checked
D.stated
第10题：
What is Lloyd.s?（）
AIt is a famous bank.
BIt is a big department store.
CIt is a famous insurance company.
DIt is a large hotel.