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kinman · 2024年04月09日

如题

NO.PZ2024030503000146

问题如下:

Question

An analyst gathers the following information (in € thousands) about an electronics manufacturing company's inventory:


The inventory (in € thousands) is carried on the balance sheet at:

选项:

A.3,100.00 B.3,200.00 C.3,300.00

解释:

Solution
  1. Incorrect because it assumes the company reports under US GAAP and uses the LIFO inventory valuation method; and takes the lower limit of market value (i.e., net realizable value less a normal profit margin) instead of current replacement cost. Accordingly, Min(Cost; Net realizable value less a normal profit margin) = Min(3,600; 3,100) = 3,100.

  2. Incorrect because it assumes the company reports under US GAAP and uses the LIFO inventory valuation method. Under US GAAP, for inventories measured using LIFO and retail inventory methods, market value is defined as current replacement cost [3,200] subject to upper and lower limits. Market value cannot exceed net realizable value [3,300] (selling price less reasonably estimated costs of completion and disposal). The lower limit of market value is net realizable value less a normal profit margin [3,100]. Accordingly, Min(Cost; Market value) = Min(3,600; 3,200) = 3,200.

  3. Correct because IFRS state that inventories shall be measured (and carried on the balance sheet) at the lower of cost and net realizable value. Accordingly, Min(Cost; Net realizable value) = Min(3,600; 3,300) = 3,300.

Analysis of Inventories

题干上没有说是IFRS还是GAAP,怎么判断

1 个答案

lynn_品职助教 · 2024年04月09日

嗨,努力学习的PZer你好:


题干上没有说是IFRS还是GAAP,怎么判断


题干要写的,这道题不完善,考题一定要说明的。


在IFRS下,inventory的减值是账面价值跟net realizable value比,如果账面价值大于NRV,就要减值到NRV。US GAAP下,inventory的减值是账面价值和market比,如果账面价值大于market,就要减值到market金额。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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