ayu3321

回复 607# qazqwe1221


    Because the accounting and reporting of DB pension plans differ between IFRS and U.S. GAAP and companies have different options under IFRS, it is useful to be able to assess a company’s underlying pension liability (or asset) as the pension obligation less plan assets (funded position or funded status). U.S. GAAP reports this net amount on the balance sheet, so additional adjustments are not needed to reflect the underlying economics. IFRS requires additional adjustments to reflect the underlying economic liability (or asset) if a company defers AGLs and/or does not report the obligation for all past service costs. In addition, IFRS includes a limitation on the amount of a pension asset that can be reported. Thus, the amount reported under IFRS is not necessarily equivalent to the economic perspective of the net funded position. Analysts look at the notes to the financial statements to find the gross benefit obligation and the fair value of the assets allocated to pay the obligation to determine the economic net funded position.
(Level II 2012 Volume 2 Financial Reporting and Analysis, 6th Edition. Pearson Learning Solutions 216).

sevenquan

回复 18# andydreams


   有一个小题是要计算增长率，给了retention ration,给了ROE杜邦分析中的三个比率，但有个小陷阱，就是最后一个杠杆比率给的是D/E ratio,不是杜邦分析里的A/E ratio,所以要小心，调整一下.这个是最典型的例子

ayu3321

回复 612# sevenquan


    这题 给了revenue 100,给了 NI/revenue 5%,给了 D/E = 1, 还有其他,求出E = 33.33, 5/33.33 = 0.15 , 0.15 * 0.4 = 0.06

开膛手JACK

回复 612# sevenquan


   调整后是2

qazqwe1221

回复 611# ayu3321


    恩是這樣的。所以國際下需要調成funded status。

sevenquan

回复  andiebogard
零息债券的key rate duration就是它的期限，所以直接带入就可以算出变化的收益率是多少 ...
诗成 发表于 2012-6-4 10:09

   呵呵，正解。顿悟了这个，那两道题都很简单了吧

kingtxt

有个问在BANK A买还是在BANK B买xx货币的题，我怎么觉得是C啊，买卖一个货币是看分母的，Sx/y，应该看y的吧

happylele0921

回复 617# kingtxt


    同意，我也选的C，从下面那个银行买，卖到上面那个银行。

xinhuafinance

有个问在BANK A买还是在BANK B买xx货币的题，我怎么觉得是C啊，买卖一个货币是看分母的，Sx/y，应该看y的吧 ...
kingtxt 发表于 2012-6-7 13:26

记不清了，不是b就是c，反正是有套利的，卖价小于买价。

33479758

大部分不会的题 蒙的都是C，大伙觉得我是不是要杯具了？