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Easylearning · 2023年02月27日

liability 变小,不是negative adjustment吗

* 问题详情,请 查看题干

NO.PZ201812100100000502

问题如下:

Triofind, Inc. (Triofind), based in the country of Norvolt, provides wireless services to various countries, including Norvolt, Borliand, Abuelio, and Certait. The company’s presentation currency is the Norvolt euro (NER), and Triofind complies with IFRS. Triofind has two wholly owned subsidiaries, located in Borliand and Abuelio. The Borliand subsidiary (Triofind-B) was established on 30 June 2016, by Triofind both investing NER1,000,000, which was converted into Borliand dollars (BRD), and borrowing an additional BRD500,000.

Marie Janssen, a financial analyst in Triofind’s Norvolt headquarters office, translates Triofind-B’s financial statements using the temporal method. Non-monetary assets are measured at cost under the lower of cost or market rule. Spot BRD/NER exchange rates are presented in Exhibit 1, and the balance sheet for Triofind-B is presented in Exhibit 2.

Janssen next analyzes Triofind’s Abuelio subsidiary (Triofind-A), which uses the current rate method to translate its results into Norvolt euros. Triofind-A, which prices its goods in Abuelio pesos (ABP), sells mobile phones to a customer in Certait on 31 May 2017 and receives payment of 1 million Certait rand (CRD) on 31 July 2017.

On 31 May 2017, Triofind-A also received NER50,000 from Triofind and used the funds to purchase a new warehouse in Abuelio. Janssen translates the financial statements of Triofind-A as of 31 July 2017 and must determine the appropriate value for the warehouse in Triofind’s presentation currency. She observes that the cumulative Abuelio inflation rate exceeded 100% from 2015 to 2017. Spot exchange rates and inflation data are presented in Exhibit 3.

Janssen gathers corporate tax rate data and company disclosure information to include in Triofind’s annual report. She determines that the corporate tax rates for Abuelio, Norvolt, and Borliand are 35%, 34%, and 0%, respectively, and that Norvolt exempts the non-domestic income of multinationals from taxation. Triofind-B constitutes 25% of Triofind’s net income, and Triofind-A constitutes 15%. Janssen also gathers data on components of net sales growth in different countries, presented in Exhibit 4.


Based on Exhibits 1 and 2, the translation adjustment for Triofind-B’s liabilities into Triofind’s presentation currency for the six months ended 31 December 2016 is:

选项:

A.

negative.

B.

zero.

C.

positive.

解释:

C is correct.

The monetary balance sheet items for Triofind-B are translated at the current exchange rate, which reflects that the Borliand dollar weakened during the period relative to the Norvolt euro. The rate as of 30 June 2016 was BRD1.15/NER (or NER0.8696/BRD) and as of 31 December 2016 was BRD1.20/NER (or NER0.8333/BRD). Therefore, notes payable translates to NER416,667 (BRD500,000 × NER/BRD0.8333) as of 31 December 2016, compared with NER434,783 (BRD500,000 × NER/BRD0.8696) as of 30 June 2016. Thus, the translation adjustment for liabilities is positive.

考点:temporal method下liability转换

解析:temporal method下monetary asset/liability转换使用current exchange rate,这道题问的是translation adjustment,其实就是问的是这6个月期间,期初转换完的liability和期末转换完的liability的变化量。6个月期间的汇率有变化,所以6个月之前转换的liability金额跟6个月之后的金额肯定不同,这个差额就是translation adjustment。

子公司B的负债转换成NER,六个月前后的汇率分别为1.15BRD/NER和1.20BRD/NER:子公司B的负债只有notes payable一项,转换为NER:2016年6月30日是500,000/1.15=434,783, 2016年12月31日是500,000/1.2=416,667。转换后的金额变小了,是positive adjustment。

liability 变小,不是negative adjustment吗?答案怎么是positive ?

1 个答案

袁园_品职助教 · 2023年02月27日

嗨,努力学习的PZer你好:


是的,我们正常理解的translation adjustment都是指的汇兑损益的增加还是减少,这一题是特别指的负债的转换调整(也就是负债在变小,对负债的调整金额应该是负数。)这个财务的课后题,表述方面怪怪的,以掌握知识点为准吧。考试不会出现这么奇怪的题目的。

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加油吧,让我们一起遇见更好的自己!

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NO.PZ201812100100000502 问题如下 Baseon Exhibits 1 an2, the translation austment for TriofinB’s liabilities into Triofins presentation currenfor the six months en31 cember 2016 is: A.negative. B.zero. C.positive. C is correct.The monetary balansheet items for TriofinB are translatethe current exchange rate, whireflects ththe Borlianllweakenering the periorelative to the Norvolt euro. The rate of 30 June 2016 wBR.15/NER (or NER0.8696/BR anof 31 cember 2016 wBR.20/NER (or NER0.8333/BR. Therefore, notes payable translates to NER416,667 (BR00,000 × NER/BR.8333) of 31 cember 2016, comparewith NER434,783 (BR00,000 × NER/BR.8696) of 30 June 2016. Thus, the translation austment for liabilities is positive.考点tempormetholiability转换解析tempormethomonetary asset/liability转换使用current exchange rate,这道题问的是translation austment,其实就是问的是这6个月期间,期初转换完的liability和期末转换完的liability的变化量。6个月期间的汇率有变化,所以6个月之前转换的liability金额跟6个月之后的金额肯定不同,这个差额就是translation austment。子公司B的负债转换成NER,六个月前后的汇率分别为1.15BRNER和1.20BRNER子公司B的负债只有notes payable一项,转换为NER2016年6月30日是500,000/1.15=434,783, 2016年12月31日是500,000/1.2=416,667。转换后的金额变小了,是positive austment。 为什么是positive的呢?

2023-08-04 13:56 2 · 回答

NO.PZ201812100100000502 问题如下 Baseon Exhibits 1 an2, the translation austment for TriofinB’s liabilities into Triofins presentation currenfor the six months en31 cember 2016 is: A.negative. B.zero. C.positive. C is correct.The monetary balansheet items for TriofinB are translatethe current exchange rate, whireflects ththe Borlianllweakenering the periorelative to the Norvolt euro. The rate of 30 June 2016 wBR.15/NER (or NER0.8696/BR anof 31 cember 2016 wBR.20/NER (or NER0.8333/BR. Therefore, notes payable translates to NER416,667 (BR00,000 × NER/BR.8333) of 31 cember 2016, comparewith NER434,783 (BR00,000 × NER/BR.8696) of 30 June 2016. Thus, the translation austment for liabilities is positive.考点tempormetholiability转换解析tempormethomonetary asset/liability转换使用current exchange rate,这道题问的是translation austment,其实就是问的是这6个月期间,期初转换完的liability和期末转换完的liability的变化量。6个月期间的汇率有变化,所以6个月之前转换的liability金额跟6个月之后的金额肯定不同,这个差额就是translation austment。子公司B的负债转换成NER,六个月前后的汇率分别为1.15BRNER和1.20BRNER子公司B的负债只有notes payable一项,转换为NER2016年6月30日是500,000/1.15=434,783, 2016年12月31日是500,000/1.2=416,667。转换后的金额变小了,是positive austment。 老师,我这里应该是把一些概念搞混了。隐约记得 何老师讲过 translation a.不是特指current metho计入B/S得调整吗, 然后tempormetho在P L下调整 translation g/l? 所以我看到题目已知是tempormetho就选了zero。记错的部分请老师指正谢谢

2023-04-24 23:14 1 · 回答

NO.PZ201812100100000502 1.根据别人的问题 我接着问 你好,转换后Liability下降了,是translation Gain吗?  添加评论  0 0 1 个答案  已采纳答案 Olive_品职助教 · 超过 2 年前 同学你好,单看这一项,确实是translation gain,但是全部报表转换完了是产生translation gain还是loss还得看别的资产和负债。如果只是判断是gain还是loss,可以用exposure来判断。加油! 计算我会啊 但是我的判断就是转换后Liability下降了,是translation Gain 能否直接用TEMPOR下 exposure=ma-ml 一般都是<0来判断是 translation loss 所以是是negative austment  2.就是转换后的金额变小了我能算出来 ,但是为啥是negative austment。

2022-01-07 15:49 1 · 回答

老师请问,这里应该指tempormetho的exposure等于多少吧?Monetary Asset-Monetary Liablity一般都是negative,我做的时候并没有带入具体的数值进行计算。我这样的思路大致方向是正确的吗?

2020-09-27 13:45 1 · 回答