NO.PZ2018111303000059
问题如下：
Ulta Beauty is a US-BASED corporation that sells cosmetic. Its Canadian subsidiary, Cosmetic firm, operates solely in Canada. It was created on 31 December 2015, and uses US dollar as its functional currency. Assume all fixed assets were bought when the company was created.
The following table shows the financial statement information for the years ended 2015 and 2016:
If the functional currency for Cosmetic firm were changed to the Canadian dollar，the consolidated financial statements for Ulta Beauty would begin to recognize:
选项：
A.realized gains and losses on monetary assets and liabilities.
B.realized gains and losses on non-monetary assets and liabilities.
C.unrealized gains and losses on non-monetary assets and liabilities.
解释：
C is correct.
考点：风险敞口exposure。
解析：If the functional currency were changed from the parent currency (US dollar) to the local currency (Canadian dollar), the current rate method would replace the temporal method. The temporal method ignores unrealized gains and losses on non-monetary assets and liabilities, but the current rate method does not.
在temporal下 exposure=MA- ML, MA & ML都是日常活动所需要的，它们的translation G/L在短期内就会realized，所以在I.S中体现（反应经济实质）
而current method，exposure= TA-TL，在资产负债表日需要revalued（并表需要）,只有整个公司卖掉才能realized,所以现在是unrealized G.L，确认在OCI （不用反应经济实质）
current method包含的了total asset and total liability，所以没有忽略non-monetary asset/liability，而temporal下只有monetary asset/liability，不包含non-monetary，且它们是unrealized，所以忽略了。
老师好 temporal method的exposure由MA-ML带来，而current rate method的exposure不仅包括MA-ML，还有non-monetary的部分，currency改变之后，合并会计报表就要开始确认non-monetary的部分所带来的translation effect了。 这是收 不管是 crurrent rate method or temporal method 最终都只是计入currency改变之后，合并会计报表就要开始确认non-monetary的部分所带来的translation effect吗？ 谢谢 。 虽然TM 下是看non monetary asset - NM liability , CRM 下是看 total asset - total liablity , 然后看FX 子公司币 是升值还是贬值 来判断G/L 的 是吗？谢谢
