NO.PZ2018111303000052
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 the RMB is chosen as the subsidiary’s functional currency, PZ will translate its fixed assets using the rate:
选项:
A.at the end of the reporting date
B.when the assets were purchased
C.of the average rate
解释:
B is correct.
考点:temporal method
解析:
如果RMB是functional currency, 那么functional currency就和reporting currency是一样的,就选择temporal method,所以固定资产是用购买资产时候的汇率转换。
PZ Company, is based in China and complies with IFRS, 老师您好,题目中说PZ是在中国成立的公司,但是遵守IFRS,请问下那他这个functional currency还是RMB么?遵守的是国外的IFRS。