NO.PZ2018111303000055
问题如下：
Felix is an CFA, work on the Equity investment company, one of the companies he follows, PZ Company, is based in China and complies with IFRS, Felix has found that PZ used 150 RMB million of its own cash and borrowed an equal amount to open a subsidiary in USA, the funds were converted into US dollars on 31 December 2018 at an exchange rate of 1 RMB= 6.9 US dollars, PZ also purchase 500$ million fixed asset and 200$ inventories.
If RMB will appreciate against the USA dollar in the future and US dollar as subsidiary’s functional currency, PZ will most likely report:
选项：
A.translation loss through I/S
B.positive translation adjustment
C.negative translation adjustment
解释：
C is correct.
考点：exposure to translation
解析：
在exposure这里，外币和本币是站在母公司的角度，因为exposure都是针对于母公司股东的风险敞口分析，所以对母公司来说，子公司的当地货币就是外币。
在current method下,exposure= equity，正常来说是大于0的，子公司货币贬值，转换后的金额更小， 所以是亏损，即negative translation adjustment，且在current method 下汇兑损益计入OCI，就是 loss from cumulative translation adjustment.
A不正确，current method下的汇兑损益计入OCI，而不是I.S
题目中不是说US dollar as subsidiary’s functional currency，那说明子公司是独立经营的，不应该用Temporal method吗？
而Temporal method下，exposure应该是小于0的，CND/USD下降，应该有个gain才对？
