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小鱼 · 2023年09月03日

如何进行通胀调整？

  1. CFA II
  2. FRA

* 问题详情，请 查看题干

NO.PZ201812100100000406

问题如下：

Based on Exhibit 1 and Note 1 in Exhibit 2, the amount that Ambleu should include in its 31 December 2017 revenue from Cendaró is closest to:

选项：

A.

NVK10.60 million.

B.

NVK13.25 million.

C.

NVK19.73 million.

解释：

A is correct.

Crenland experienced hyperinflation from 31 December 2015 to 31 December 2017, as shown by the General Price Index, with cumulative inflation of 128.2% during this period. According to IFRS, Cendaró’s financial statements must be restated for local inflation, then translated into Norvoltian kroner using the current exchange rate. The 2017 revenue from Cendaró that should be included in Ambleu’s income statement is calculated as follows:

Revenue in CRG × (GPI 31 December 2017/GPI average 2017) = Inflation-adjusted revenue in CRG

CRG125.23 million × (228.2/186.2) = CRG153.48 million

Inflation-adjusted revenue in CRG/31 December 2017 exchange rate (CRG/NVK) = Revenue in Norvoltian kroner

CRG153.48 million/14.4810 = NVK10.60 million

解析：考点是hyperinflation情况下translate方法。母公司遵循IFRS，因此在转换C公司报表之前需要先restate，然后再使用current exchange rate转换（注意不是current rate method）。C公司当年的revenue是125.23，restate要基于平均值：125.23*（228.2/186.2）=153.48CRG，当前汇率是14.4810CRG/NVK，转换后的revenue是153.48/14.4810=10.6NVK

为什么先除平均再乘年末的数就是考虑通胀之后的数值？不太明白这个公式背后的逻辑

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2 个答案

王园圆_品职助教 · 2024年07月07日

同学你好，子公司只是因为当地货币贬值而使账面的cash和其他monetary asset是贬值的，但是固定资产，无形资产并不会因为货币贬值就变得不值钱，相反随着币种贬值，他们的价格也在飞涨呢。另外公司的负债由于是monetary的，在高速通胀下，反而对子公司来说是好事，相当于债务变相缩减了呢。

而且IFRS下对所有资产负债都进行restate 的目的不就是为了体现子公司实际的价值吗？

所以助教不认为这样处理以后的合并报表存在估值不合理的情况哦

王园圆_品职助教 · 2023年09月03日

同学你好，这就是讲义上规定的计算方法，请看以下讲义截图

因为Revenue可以被认为是在一年的时间里均匀的发生的，所以相当于GPI from the dates when the items were originally recorded就被认为是一年平均的GPI，也就反映一年平均的物价水平

balance sheet date就是合并报表日当天，当天的GPI反映的是最新的物价水平

绿色部分除以粉色部分，就得到了物价的涨价幅度，再乘以子公司报表上的Revenue的值，就可以得到实际Revenue真实的价值

就像告诉你苹果和糖的涨价幅度是一样的，现在先计算年末苹果卖100，而年中苹果卖70

现在知道年中糖卖90，问年末糖的实际价格应该是多少——一样的计算逻辑：90*（100/70）


执瑞 Zhirui · 2024年07月07日

有个问题 就是调整过后报表合并后的价值会高一些，但是实际这个子公司的钱其实放在国际市场上是贬值的，那么以这样合并报表来估值的情况下 这样的计价不是不准确吗？

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NO.PZ201812100100000406问题如下 Baseon Exhibit 1 anNote 1 in Exhibit 2, the amount thAmbleu shoulinclu in its 31 cember 2017 revenue from Cenró is closest to: A.NVK10.60 million.B.NVK13.25 million.C.NVK19.73 million. A is correct.Crenlanexperiencehyperinflation from 31 cember 2015 to 31 cember 2017, shown the GenerPriInx, with cumulative inflation of 128.2% ring this perio Accorng to IFRS, Cenró’s financistatements must restatefor locinflation, then translateinto Norvoltikroner using the current exchange rate. The 2017 revenue from Cenró thshoulincluin Ambleu’s income statement is calculatefollows:Revenue in CRG × (GPI 31 cember 2017/GPI average 2017) = Inflation-austerevenue in CRGCRG125.23 million × (228.2/186.2) = CRG153.48 millionInflation-austerevenue in CRG/31 cember 2017 exchange rate (CRG/NVK) = Revenue in NorvoltikronerCRG153.48 million/14.4810 = NVK10.60 million解析考点是hyperinflation情况下translate方法。母公司遵循IFRS，因此在转换C公司报表之前需要先restate，然后再使用current exchange rate转换（注意不是current rate metho。C公司当年的revenue是125.23，restate要基于平均值125.23*（228.2/186.2）=153.48CRG，当前汇率是14.4810CRG/NVK，转换后的revenue是153.48/14.4810=10.6NVK Revenue 是损益表上的项目，为什么最后换算成母公司货币不用average rate 二用2017最后一天的汇率？

2023-09-17 11:56 1 · 回答

NO.PZ201812100100000406 问题如下 Baseon Exhibit 1 anNote 1 in Exhibit 2, the amount thAmbleu shoulinclu in its 31 cember 2017 revenue from Cenró is closest to: A.NVK10.60 million. B.NVK13.25 million. C.NVK19.73 million. A is correct.Crenlanexperiencehyperinflation from 31 cember 2015 to 31 cember 2017, shown the GenerPriInx, with cumulative inflation of 128.2% ring this perio Accorng to IFRS, Cenró’s financistatements must restatefor locinflation, then translateinto Norvoltikroner using the current exchange rate. The 2017 revenue from Cenró thshoulincluin Ambleu’s income statement is calculatefollows:Revenue in CRG × (GPI 31 cember 2017/GPI average 2017) = Inflation-austerevenue in CRGCRG125.23 million × (228.2/186.2) = CRG153.48 millionInflation-austerevenue in CRG/31 cember 2017 exchange rate (CRG/NVK) = Revenue in NorvoltikronerCRG153.48 million/14.4810 = NVK10.60 million解析考点是hyperinflation情况下translate方法。母公司遵循IFRS，因此在转换C公司报表之前需要先restate，然后再使用current exchange rate转换（注意不是current rate metho。C公司当年的revenue是125.23，restate要基于平均值125.23*（228.2/186.2）=153.48CRG，当前汇率是14.4810CRG/NVK，转换后的revenue是153.48/14.4810=10.6NVK GPI是什么意思

2023-04-08 15:33 1 · 回答

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2023-02-14 09:45 1 · 回答

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