NO.PZ201602060100001406
问题如下：
6. Based on the information available and Ruiz’s expectations regarding exchange rates, if the hryvnia is chosen as the Ukraine subsidiary’s functional currency, Eurexim will most likely report:
选项：
A.an addition to the cumulative translation adjustment.
B.a translation gain or loss as a component of net income.
C.a subtraction from the cumulative translation adjustment.
解释：
C is correct.
When the foreign currency is chosen as the functional currency, the current rate method must be used and all gains or losses from translation are reported as a cumulative translation adjustment to shareholder equity. When the foreign currency decreases in value (weakens), the current rate method results in a negative translation adjustment in stockholders’ equity.
考点：exposure to translation
解析：
分析exposure时，外币和本币是站在母公司的角度，因为exposure都是针对于母公司股东的风险敞口分析，所以对母公司来说，子公司的当地货币就是外币。
如果子公司所在地的货币是functional currency ， 此时functional currency= local currency, 应选择current method 。在current method 下汇兑损益计入OCI，就是CTA.
在current method下,exposure= equity ， 一般都是大于0的 ， 子公司货币贬值 ， 转换后的金额更小 ， 所以是亏损 ， 即 a subtraction from the cumulative translation adjustment.
因此，选项C正确。
老师，我想问一下哦，我在笔记本上记的上课的笔记，就是用CR method，explosure 是equity，那么外币升值应该是gain，这个理解对吗？
那这个题目中，为什么外币也就是euro，升值，我们是loss呢？
