问题如下图：
选项：
A. 
B. 
C. 
解释：
请问老师，如果这个公司宣称遵守了GIPS的话，A选项是否正确呢？GIPS不就是要求在有重大现金流发生或者每个月要计算return吗
NO.PZ2016040303000034 问题如下 AInvestment Management acquires a new, very large account with two concentratepositions. The firm’s current poliis to a new accounts for the purpose of performancalculation after the first full month of management. Cupp is responsible for calculating the firm’s performanreturns. Before the enof the initimonth, Cupp notices thone of the significant holngs of the new accounts is acquireanother company, causing the value of the investment to uble. Because of this holng, Cupp cis to account for the new portfolio of the te of transfer, thereallowing AInvestment to rethe positive impaof thmonth’s portfolio return. A.Cupp not violate the Co anStanr because the GIPS stanr allow composites to upteon the te of large externcash flows. B.Cupp not violate the Co anStanr because companies are alloweto termine when to incorporate new accounts into their composite calculation. C.Cupp violatethe Co anStanr because the inclusion of the new account proces inaccurate calculation of the monthly results accorng to the firm’s statepolicies. C is correct.Answer Cupp violateStanrIII( –PerformanPresentations when he viatefrom the firm’s statepolicies solely to capture the gain from the holng being acquire Answer A is incorrebecause the firm es not claim GIPS compliananthe GIPS stanr require externcash flows to treatein a consistent manner with the firm’s cumentepolicies. Answer B is incorrebecause the firm es not state thit is upting its composite policies. If sua change were to occur, all cash flows for the month woulhave to revieweto ensure their consistent treatment unr the new policy. 如果这道题问的是有没有violate GIPS, 那么应该是no.但因为是co anstanar, 所以是yes. co stanr是不允许因为significant holngs就进行调整的，因为这样会让return不准确.
NO.PZ2016040303000034 问题如下 AInvestment Management acquires a new, very large account with two concentratepositions. The firm’s current poliis to a new accounts for the purpose of performancalculation after the first full month of management. Cupp is responsible for calculating the firm’s performanreturns. Before the enof the initimonth, Cupp notices thone of the significant holngs of the new accounts is acquireanother company, causing the value of the investment to uble. Because of this holng, Cupp cis to account for the new portfolio of the te of transfer, thereallowing AInvestment to rethe positive impaof thmonth’s portfolio return. A.Cupp not violate the Co anStanr because the GIPS stanr allow composites to upteon the te of large externcash flows. B.Cupp not violate the Co anStanr because companies are alloweto termine when to incorporate new accounts into their composite calculation. C.Cupp violatethe Co anStanr because the inclusion of the new account proces inaccurate calculation of the monthly results accorng to the firm’s statepolicies. C is correct.Answer Cupp violateStanrIII( –PerformanPresentations when he viatefrom the firm’s statepolicies solely to capture the gain from the holng being acquire Answer A is incorrebecause the firm es not claim GIPS compliananthe GIPS stanr require externcash flows to treatein a consistent manner with the firm’s cumentepolicies. Answer B is incorrebecause the firm es not state thit is upting its composite policies. If sua change were to occur, all cash flows for the month woulhave to revieweto ensure their consistent treatment unr the new policy. GIPS不是要求在计算业绩的时候，当发现有大笔现金流发生的时候，composite里的Return要分拆计算吗
NO.PZ2016040303000034 问题如下 AInvestment Management acquires a new, very large account with two concentratepositions. The firm’s current poliis to a new accounts for the purpose of performancalculation after the first full month of management. Cupp is responsible for calculating the firm’s performanreturns. Before the enof the initimonth, Cupp notices thone of the significant holngs of the new accounts is acquireanother company, causing the value of the investment to uble. Because of this holng, Cupp cis to account for the new portfolio of the te of transfer, thereallowing AInvestment to rethe positive impaof thmonth’s portfolio return. A.Cupp not violate the Co anStanr because the GIPS stanr allow composites to upteon the te of large externcash flows. B.Cupp not violate the Co anStanr because companies are alloweto termine when to incorporate new accounts into their composite calculation. C.Cupp violatethe Co anStanr because the inclusion of the new account proces inaccurate calculation of the monthly results accorng to the firm’s statepolicies. C is correct.Answer Cupp violateStanrIII( –PerformanPresentations when he viatefrom the firm’s statepolicies solely to capture the gain from the holng being acquire Answer A is incorrebecause the firm es not claim GIPS compliananthe GIPS stanr require externcash flows to treatein a consistent manner with the firm’s cumentepolicies. Answer B is incorrebecause the firm es not state thit is upting its composite policies. If sua change were to occur, all cash flows for the month woulhave to revieweto ensure their consistent treatment unr the new policy. 可以讲一下这道题吗？课后解析也不是很能看懂～
NO.PZ2016040303000034 答案描述B时提到 “upting its composite policies”，但我无法从B读出这层意思，请一下，谢谢.
Cupp not violate the Co anStanr because companies are alloweto termine when to incorporate new accounts into their composite calculation. Cupp violatethe Co anStanr because the inclusion of the new account proces inaccurate calculation of the monthly results accorng to the firm’s statepolicies. C is correct. Answer Cupp violateStanrIII( –PerformanPresentations when he viatefrom the firm’s statepolicies solely to capture the gain from the holng being acquire Answer A is incorrebecause the firm es not claim GIPS compliananthe GIPS stanr require externcash flows to treatein a consistent manner with the firm’s cumentepolicies. Answer B is incorrebecause the firm es not state thit is upting its composite policies. If sua change were to occur, all cash flows for the month woulhave to revieweto ensure their consistent treatment unr the new policy.什么时候“position”指composite，什么时候指portfolio？ account指portfolio还是composite？
