开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

费尔南多 · 2024年10月13日

选项c

NO.PZ2023032701000070

问题如下:

In late 2010, Amersheen announced a significant restructuring charge, estimated at R2 million, that would be reported as part of operating earnings in Amersheen’s 2010 annual income statement.

What was the correct way to treat the estimated R2 million restructuring charge in 2010 valuation report?

选项:

A.

an upward adjustment to book value

B.

an upward adjustment to the cost of equity

C.

to exclude it from the estimate of net income.

解释:

The restructuring charge is a nonrecurring item and not indicative of future earnings. In applying a residual income model, it is important to develop a forecast of future residual income based upon recurring items. Using the net income reported in Amersheen’s 2010 net income statement to model subsequent future earnings, without adjustment for the restructuring charge, would understate the firm’s future earnings. By upward adjusting the firm’s net income, by adding back the R2 million restructuring charge to reflect the fact that the charge is nonrecurring, future earnings will be more accurately forecasted.

我有点confuse了。选项c说要把一次性项目gain从NI剔除,但是我看答案的解释怎么看起来说是要把一次性项目的gain加回?麻烦老师帮忙看看我哪里理解错了。谢谢

1 个答案
已采纳答案

王园圆_品职助教 · 2024年10月13日

同学你好,exclude并不是纯粹数学意义上的”减去“,而是概念上的”剔除它对NI的影响“的意思

什么叫剔除影响?就是如果这个项目导致会计上的NI变小了,但是其实它是一次性的导致NI减少的非经常性因素,那就应该从现在的会计NI上加回这个费用从而反映一个真实的可持续经营NI

同样的,如果这个项目导致了会计上的NI变大了但其实也是一次性增大NI的非经常因素,就应该从会计NI上减去这个收入从而反映真实的可持续经营NI

上面两种加回和减去,都属于”剔除它对NI的影响“