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aileen20180623 · 2024年01月24日

这题

  1. CFA II
  2. Equity

* 问题详情，请 查看题干

NO.PZ201710200100000403

问题如下：

3. The forecasted item described in Reason 3 will most likely impact:

选项：

A.

earnings per share.

B.

dividends per share.

C.

book value per share.

解释：

C is correct.

Other Comprehensive Income (OCI) bypasses the income statement and goes directly to the statement of stockholders’ equity (which is a violation of the clean surplus relationship). Therefore, book value per share for PTU will be impacted by forecasted OCI.

我看了答案说不选earning的原因是暗含假设只会发生一次，不是长期OCI，可是课件里有两快提到OCI，我区分不清楚能详细在解释下什么情况可以选C，什么时候只是book value

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1 个答案

王园圆_品职助教 · 2024年01月24日

同学你好，你的问题助教不是非常理解——英文解析中只说了“Other Comprehensive Income (OCI) bypasses the income statement and goes directly to the statement of stockholders’ equity (which is a violation of the clean surplus relationship). Therefore, book value per share for PTU will be impacted by forecasted OCI.”也就是选C的原因，并没有提及A和B，你的结论“不选earning的原因是暗含假设只会发生一次，不是长期OCI，”是指什么？或是从哪个答案截取的一段话？

另外你说的“什么情况可以选C，什么时候只是book value”助教也不太理解，C就是equity book value，这两者没有区别，又何来的选C和选book value的差异呢？

就以本题来说，OCI是指不能计入I/S表的，直接影响equity的一些项目，其具体内容可以参考以下一级财务相关截图

既然OCI的定义就是会直接影响Equity的book value，而不会影响I/S表项目的内容（I/S表也很大程度决定了分红的多少），而reason 3说的就是公司未来会有大量的OCI，那肯定和A B都没有关系，只能选C哦

以助教的记忆，OCI在RI这一章主要涉及的就是“如果公司有大量的OCI，就会显著的影响RI的基础假设前提——即clean surplus。而如果一定要在有大量OCI的情况下运用RI model，那就需要对OCI进行调整后才可使用”，但是看起来和你的问题也不是很相关？你说的OCI在讲义有两块内容，麻烦你具体指出你是哪两块地方见到的，助教才好更针对性的回答哦


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2024-08-21 18:49 2 · 回答

NO.PZ201710200100000403 1111

2021-12-24 14:56 1 · 回答

NO.PZ201710200100000403 老师账上有OCI，不是应该在NI基础上加上OCI一起作为income在减去期初的账面净资产*股东要求回报率，所以要在earning per share上调整呀

2021-11-24 23:37 2 · 回答

NO.PZ201710200100000403 请问老师， Book value per share指的是of Equity per share吗？  谢谢！

2021-04-06 23:55 1 · 回答