[求助]P2--hedge accounting
<p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Light; mso-bidi-font-family: NewsGothicBT-Light; mso-font-kerning: 0pt;"><font face="Times New Roman">06</font></span><span style="FONT-SIZE: 10pt; FONT-FAMILY: 宋体; mso-bidi-font-family: NewsGothicBT-Light; mso-font-kerning: 0pt; mso-ascii-font-family: NewsGothicBT-Light; mso-hansi-font-family: NewsGothicBT-Light;">年</span><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Light; mso-bidi-font-family: NewsGothicBT-Light; mso-font-kerning: 0pt;"><font face="Times New Roman">12</font></span><span style="FONT-SIZE: 10pt; FONT-FAMILY: 宋体; mso-bidi-font-family: NewsGothicBT-Light; mso-font-kerning: 0pt; mso-ascii-font-family: NewsGothicBT-Light; mso-hansi-font-family: NewsGothicBT-Light;">月试题</span><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Light; mso-bidi-font-family: NewsGothicBT-Light; mso-font-kerning: 0pt;"><p></p></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Light; mso-bidi-font-family: NewsGothicBT-Light; mso-font-kerning: 0pt;"><font face="Times New Roman">Misson has further entered into a contract to purchase plant and equipment from a foreign supplier on 30 June 2007. The purchase price is 4 million euros. A non-refundable deposit of 1 million euros was paid on signing the contract on 31 July 2006 with the balance of 3 million euros payable on 30 June 2007. Misson was uncertain as to whether to purchase a 3 million euro bond on 31 July 2006 which will not mature until 30 June<p></p></font></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Light; mso-bidi-font-family: NewsGothicBT-Light; mso-font-kerning: 0pt;"><font face="Times New Roman">2010, or to enter into a forward contract on the same date to purchase 3 million euros for a fixed price of<span style="mso-spacerun: yes;"> </span>$2 million on 30 June 2007 and to designate the forward contract as a cash flow hedge of the purchase commitment. <p></p></font></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Demi; mso-bidi-font-family: NewsGothicBT-Demi; mso-font-kerning: 0pt;"><p><font face="Times New Roman"> </font></p></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Demi; mso-bidi-font-family: NewsGothicBT-Demi; mso-font-kerning: 0pt;"><p><font face="Times New Roman"> </font></p></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Demi; mso-bidi-font-family: NewsGothicBT-Demi; mso-font-kerning: 0pt;"><font face="Times New Roman">Exchange rates Euro:$ Average rate (Euro:$)for year to<p></p></font></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Light; mso-bidi-font-family: NewsGothicBT-Light; mso-font-kerning: 0pt;"><font face="Times New Roman">31 July 2006 <span style="mso-spacerun: yes;"> </span>1·6<p></p></font></span></p><p class="MsoNormal" align="left" style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: left; mso-layout-grid-align: none;"><font face="Times New Roman"><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Light; mso-bidi-font-family: NewsGothicBT-Light; mso-font-kerning: 0pt;">31 October 2006 <span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>1·3 <span style="mso-spacerun: yes;"> </span>1·5</span><span lang="EN-US" style="FONT-SIZE: 10pt; FONT-FAMILY: NewsGothicBT-Demi; mso-bidi-font-family: NewsGothicBT-Demi; mso-font-kerning: 0pt;"><p></p></span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US"><p><font face="Times New Roman"> </font></p></span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">不明白</span><span lang="EN-US"><font face="Times New Roman">effectivenss </font></span><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">应该怎么测？</span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">一、</span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">承诺日</span><font face="Times New Roman"></font><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">汇率</span><span lang="EN-US"><font face="Times New Roman">1.6</font></span><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">，资产负债表日汇率</span><span lang="EN-US"><font face="Times New Roman">1.3</font></span><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">，</span><font face="Times New Roman">
<span lang="EN-US">the change in the fair value of the forward contract:2-3/1.3=0.3</span></font></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US"><font face="Times New Roman">Loss on the hedged item is :3/1.3-3/1.6=0.4, the effectiveness:0.3/0.4=75%, under IAS39, for hedge accounting to be applied,the hedge must be between 80%-125% effective . </font></span><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">显然，这外例题不能用套期会计核算。</span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US"><p><font face="Times New Roman"> </font></p></span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">另一解法：</span><span lang="EN-US"><font face="Times New Roman"> the cost of the plan is still 3m euros at the year end, but this is now equivalent to $2.3 whereas the forward contract ensures that it will only cost the company $2 therefore the hedge has been completely effective.</font></span><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">这个解法是可以用套期会计核算。</span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span lang="EN-US"><p><font face="Times New Roman"> </font></p></span></p><p class="MsoNormal" style="MARGIN: 0cm 0cm 0pt;"><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">为什么会有两种不同的结论？</span><font face="Times New Roman">
</font><span style="FONT-FAMILY: 宋体; mso-ascii-font-family: "Times New Roman"; mso-hansi-font-family: "Times New Roman";">应该怎么理解才是正确的？</span></p> <p>顶，同问，那位大侠帮忙解答一下？</p>
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