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NANK · 2023年06月30日

财务

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.

本题中的B选项,题目本来用的 Temporal Method,加元升值,他的 exposure = monetary assets - monetary liabilities < 0,所以是 translation loss,并计入NI。

如果转换为 Current Method,exposure = TA - TL > 0,并计入OCI。

这样的话,转换后的NI可以少记那一部分的 translation loss,NI会变多,应该是可以成为 management 的动机的呀?

3 个答案
已采纳答案

王园圆_品职助教 · 2023年07月01日

这里B选项的意思是,管理层希望通过这种translation gain增加公司的NI,所以这里有两个关键词:gainNI增加

所以其实这个选项的意思是说,认为如果改为current rate method的话,就能让公司确认更多的NI了——可是事实是current rate method下,虽然确实由于exposure >0且加元升值,所以可以确认这个gain,但这个gain是记在OCI里面的,并不会使NI增加。所以B选项错在这个gain并不能使NI增加上面。

而同学你这里的理解是认为一开始temporal method下由于exposure<0,所以会有translation loss并且这个loss会使NI变小,所以这里管理层如果转为current rate method的话,起码可以使这个loss消失从而使NI看起来更大。但是这只属于“使loss消失”而不属于B选项意思的“有一个gain去增大NI”,所以你的理解和B选项的意思其实是不一样的。

题目想要考察的考点其实就是”current rate method产生的gain不能计入NI“这个知识点,你的想法虽然没有错但和题目想要考的点其实有偏差了。

助教之前回答的时候没有多思考到temporal method 下其实是loss不是gain这个方面,所以回答的不够准确,非常抱歉。

NANK · 2023年07月01日



王园圆_品职助教 · 2023年07月01日

同学你好,

本题2016年相对2015年的每一加拿大元可兑换的美元是变多的(从0.89变到0.94),加元升值,会使报表转换后的数字变大而不是变小——你这里的分析反了

所以相对2015年,2016年合并报表时候会产生translation gain的

但是,这种translation gain只有在temporal method下才能计入NI。如果管理层想要让NI看起来,更多,就不应该将temporal method改成current rate method

NANK · 2023年07月01日

可是何老师在基础班讲,外币加元升值时,exposure 为负,应该是 traslantion loss 呀?

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