首页 | 学习中心 | 注册 登录
返回列表 发帖
Kapie

UID
223384 
帖子
638 
主题
62 
注册时间
2011-7-11 
最后登录
2014-8-6 
1# 跳转到 » 倒序看帖
打印
tT
发表于 2011-7-13 15:39 | 只看该作者

Operating with a high degree of autonomy: Current rate or temporal?

parent, current, company, summarize, different
1) If subsidiary of a U.S. GAAP company is operating with a high degree of autonomy, what should it use, current rate or temporal?

2) If subsidiary is highly integrated with U.S. GAAP parent, what should it use, current rate or temporal?

If parent in the above followed IFRS, would the answers be different? Anyone can summarize that?
收藏 分享

MiniMe7

Rank: 2

UID
223430 
帖子
352 
主题
10 
注册时间
2011-7-11 
最后登录
2014-8-7 
2#
发表于 2011-7-13 15:39 | 只看该作者
1. Current
2. Temporal

Without any other additional information, I would have chosen the same answers for IFRS.

NO EXCUSES

TOP

Houjichasan

Rank: 2

UID
223419 
帖子
295 
主题
13 
注册时间
2011-7-11 
最后登录
2014-8-7 
3#
发表于 2011-7-13 15:40 | 只看该作者
I think US GAAP vs. IFRS only matters if the sub is in a hyperinflationary environment

TOP

SFoyil

Rank: 2

UID
223416 
帖子
286 
主题
12 
注册时间
2011-7-11 
最后登录
2014-7-3 
4#
发表于 2011-7-13 15:40 | 只看该作者
That's correct, but IFRS requires that if the parent dictates sales price of subsidiary, or its regulation dictate so, then subsidiary must use temporal, because its functional currency will be the parent's. Now, this was specifically attributed to IFRS, so not sure if U.S. GAAP parent dictates sales price of subsidiary, if $ would be the functional currency like under IFRS!

TOP

返回列表