问题如下:
Felix is an CFA, work on the Equity investment company, one of the companies he follows, PZ Company, is based in China and complies with IFRS, Felix has found that PZ used 150 RMB million of its own cash and borrowed an equal amount to open a subsidiary in USA, the funds were converted into US dollars on 31 December 2018 at an exchange rate of 1 RMB= 6.9 US dollars, PZ also purchase 500$ million fixed asset and 200$ inventories.
If USA is currently in a hyperinflationary environment, the foreign currency financial statements are:
选项:
A.temporal method is adopted
B.restated for inflation and then translated using the current exchange rate
C.restated for inflation and then translated using the temporal method
解释:
B is correct.
考点:hyperinflationary
解析:
首先你要先根据题干判断出公司是遵循国际准则还是美国准则,在美国准则下inventory 是用temporal方法计量的,但是这道题是遵循国际准则的,所以要先restated,然后用current rate转换
这道题是哪个考点,在哪里讲过?谢谢