国际会计学课后答案.docx

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1、国际会计学课后答案【篇一：国际会计第七版英文版课后答案(第六章)】foreigncurrencytranslationdiscussionquestionssolutions1.foreigncurrencytranslationistheprocessofrestatingaforeignaccountbalancefromonecurrencytoanother.foreigncurrencyconversionistheprocessofphysicallyexchangingonecurren

2、cyforanother.2.intheforeignexchangespotmarket,currenciesboughtandsoldmustbedeliveredimmediately,normallywithin2businessdays.thusasingaporeantouristbuyingu.s.dollarsattheairportbeforeboardingaplanefornewyorkwouldhandoversingaporedollarsandimmediatelyrece

3、ivetheequivalentamountinu.s.dollars.theforwardmarkethandlesagreementstoexchangeafixedamountofonecurrencyforanotheronanagreeddateinthefuture.forexample,afrenchmanufacturerexportinggoodsinvoicedineurostoajapaneseimporteron60-daycredittermswouldbuyaforward

4、contracttosellyenforeuros2monthsinthefuture.transactionsintheswapmarketinvolvethesimultaneouspurchase(orsale)ofonecurrencyinthespotmarketandthesale(orpurchase)ofthesamecurrencyintheforwardmarket.thus,acanadianinvestorwishingtotakeadvantageofhigherintere

5、strateson6-monthtreasurybillsintheunitedstateswouldbuyu.s.dollarswithcanadiandollarsinthespotmarketandinvestintheunitedstates.toguardagainstafallinthevalueoftheu.s.dollarbeforematurity(whentheu.s.dollarproceedsareconvertedbacktocanadiandollars),thecanad

6、ianinvestorwouldsimultaneouslyenterintoaforwardcontracttosellu.s.dollarsforcanadiandollars6monthsinthefutureattodaysforwardexchangerate.3.thequestionreferstoalternativeexchangeratesthatareusedtotranslateforeignfinancialstatements.thecurrentrateistheexch

7、angerateatthefinancialstatementdate.itissometimescalledtheyear-endorclosingrate.thehistoricalrateistheexchangerateatthetimeoftheunderlyingtransaction.theaveragerateistheaverageofvariousexchangeratesduringafiscalperiod.sincetheaverageratenormallyisusedto

8、translateincomestatementitems,itisoftenweightedtoreflectanyseasonalchangesinthevolumeoftransactionsduringtheperiod.translationgainsandlossesdonotoccurifexchangeratesdonotchange.however,ifexchangerateschange,theuseofcurrentandaver