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愤怒的鱼蛋 · 2023年02月22日

C的具体意思

NO.PZ2018111303000058

问题如下:

Ulta Beauty is a US-BASED corporation that sells cosmetic. Its Canadian subsidiary, Cosmetic firm, operates solely in Canada. It was created on 31 December 2015, and Cosmetic firm use US dollar as its functional currency. Assume fixed assets were bought when the company was created.

The financial statement information for the years ended 2015 and 2016 on the following table:

Would there be a reason that change the functional currency to the Canadian dollar if:

选项:

A.

the inflation rate in the United States became hyperinflationary.

B.

management wanted to flow more of the gains through net income.

C.

Cosmetic firm were making autonomous decisions about operations, investing, and financing.

解释:

C is correct.

考点:CR method。

解析:

A选项:The parent country’s inflation rate is never relevant.

B选项:如果用CR method,translation G/L是记入OCI的,不影响I/S,这道题的LC是升值的,根据exposure=TA-TL>0,可以判断是translation gain。但是这个translation gain是记入OCI的,不会增加NI,所以不会是管理层改变会计方法的一个动机。

Earnings manipulation is not justified, and at any rate changing the functional currency would take the gains off of the income statement.

C选项:The Canadian dollar would be the appropriate reporting currency when substantially all operating, financing, and investing decisions are based on the local currency.

请问C这个选项可以具体解释一下意思吗

1 个答案
已采纳答案

王园圆_品职助教 · 2023年02月23日

嗨,从没放弃的小努力你好:


同学你好,C的意思是Cosmetic公司过去一直是独立自主的完成自己的经营,投资,和融资决策的(也就是不依赖母公司的意思)

以下讲义截图中有对functional currency的定义,是说一个主体运营的主要经济环境,以及该主要产生和使用现金所依赖的币种就是他的functional currency(经营和融资分别就对应的使用和产生现金)

上课老师也讲过,如果一个公司和母公司几乎无关,可以自己独立运营独立决策的,那么该公司的functional currency就应该是当地货币而非母公司货币

所以C选项就说明了Cosmetic公司可以使用加拿大元而非美元来做自己的functional currency。

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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

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