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廖廖酱 · 2023年03月17日

关于C选项

NO.PZ2018111303000059

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 uses US dollar as its functional currency. Assume all fixed assets were bought when the company was created.

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

If the functional currency for Cosmetic firm were changed to the Canadian dollar,the consolidated financial statements for Ulta Beauty would begin to recognize:

选项:

A.

realized gains and losses on monetary assets and liabilities.

B.

realized gains and losses on non-monetary assets and liabilities.

C.

unrealized gains and losses on non-monetary assets and liabilities.

解释:

C is correct.

考点:风险敞口exposure。

解析:If the functional currency were changed from the parent currency (US dollar) to the local currency (Canadian dollar), the current rate method would replace the temporal method. The temporal method ignores unrealized gains and losses on non-monetary assets and liabilities, but the current rate method does not.

在temporal下 exposure=MA- ML, MA & ML都是日常活动所需要的,它们的translation G/L在短期内就会realized,所以在I.S中体现(反应经济实质)

而current method,exposure= TA-TL,在资产负债表日需要revalued(并表需要),只有整个公司卖掉才能realized,所以现在是unrealized G.L,确认在OCI (不用反应经济实质)

current method包含的了total asset and total liability,所以没有忽略non-monetary asset/liability,而temporal下只有monetary asset/liability,不包含non-monetary,且它们是unrealized,所以忽略了。

current method包含的了total asset and total liability,所以没有忽略non-monetary asset/liability,而temporal下只有monetary asset/liability,不包含non-monetary,且它们是unrealized,所以忽略了。

老师您好,unrealized我理解,但是c选项说的是unrealized gains and losses on non-monetary assets and liabilities.不是应该unrealized gains and losses on total asset and total liability 吗?

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王园圆_品职助教 · 2023年03月17日

嗨,从没放弃的小努力你好:


同学你好,要注意本题是由temporal method 改为 current rate method,而非直接是current rate method哦

首先,原本公司以Temporal method 计量的时候,exposure=monetary asset - monetary liabilities——并且这种exposure带来的损益都是直接计入I/S表的

而之后公司转换成以current method计量,exposure = total asset - total liabilities——这种exposure带来的损益是计入OCI的

蓝色公式减去粉色公式得到转换的净exposure差异= (total asset - monetary asset) - (total liabilities - monetary liabilities)= non-monetary asset - non-monetary liabilities——并且由于转换以后公司使用的是current rate method,那这个转换后的净exposure肯定是计入OCI(也就是unrealized gain/loss)而非I/S的——所以C是正确的

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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!

廖廖酱 · 2023年03月18日

老师请问下那就是这题想要问的意思是转换以后,我们要多确认哪些到报表是吗?

janetrr · 2023年04月23日

Temporal method 计量的情况下,exposure带来的损益都是直接计入I/S表的 current method计量的情况下,exposure带来的损益是计入OCI的 这是在哪个地方提到的知识点呢?

王园圆_品职助教 · 2023年04月24日

嗨,努力学习的PZer你好:


同学你好,请看以下讲义截图黄色星星那一行,CTA就是OCI的一部分

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努力的时光都是限量版,加油!

王园圆_品职助教 · 2023年03月18日

嗨,从没放弃的小努力你好:


同学你好,你这么理解是正确的哦

----------------------------------------------
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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