FRA Flashcards
♦FRA♦ Investment in Financial Assets (<20%) - HTM (Hold-to-maturity)
BS @ cost
unrealized @ -
realized @ NI (interest and dividend)
only debt securities
BoP: $ paid
NI (interest): $ * YTM
OCI: -
EoP: EoP + [(interest) - (coupon * par)]
♦FRA♦ Investment in Financial Assets (<20%) - AFS (Available-for-Sale)
BS @ FV
unrealized @ OCI
realized @ NI (interest and dividend)
debt + equity securities
BoP: FV
NI (interest): $ * YTM
OCI: FV - Beg - [(interest) - (coupon * par)]
EoP: FV
♦FRA♦ Investment in Financial Assets (<20%) - HFT (Hold-for-Trading)
BS @ FV
unrealized @ -
realized @ NI (all)
debt + equity securities
BoP: FV
NI (interest): $ * YTM + FV - Beg - [(interest) - (coupon * par)]
EoP: FV
♦FRA♦ Investment in Financial Assets (<20%) - IFRS / US GAAP
HFT to any = restricted under IFRS
IFRS reconhece FX do AFS no NI !!!!
Lembrar que não da para mudar de reclassificação sem passar por resultado.
- Incluir/Retirar HFT = NI
- HTM > AFS = OCI
- AFS > any = NI
♦FRA♦ Investment in Financial Assets (<20%) - Impairment
IFRS: Reversion allowed for debt
US GAAP: Reversion not allowed
♦FRA♦ Investment in Associates (>20% <50%) - Equity Method
BS0: Single line in Non-current assets (Goodwill fica dentro)
BS1: Beg + Income - Dividend
NI: Single line (“Equity income”) after operating income = (NI - Depreciação Adicional) * %
GAAP ok with FV / IFRS only for VCs, PEs, etc
Transaction with associates: only when confirmed (você tira a sua parte do lucro que ainda continua em estoque e soma na data que for vendida. A parte vendida para o outro sócio pode ser reconhecida no mesmo período)
♦FRA♦ Control (<50%) - Acquisition Method
BS: Consolidate 100%,
Identifiable assets @ FV. O que sobra é goodwill.
Seu equity e REarnings ficam iguais, só cria a linha de minority interest
NI: Dedutor que tira o % do minoritário
IFRS - partial or full US GAAP - full
Partial: Price - Assets * %
Full: Price / % - Assets (já reconhece o valor para o minoritário na largada. + Goodwill e + Minority Interest)
♦FRA♦ Defined benefit plan - PBO
PBO beg (+) Current Service Cost (+) Interest Cost (+) Past Service Cost (+/-) Actuarial Losses and Gains (-) Benefits Payed PBO end
♦FRA♦ Defined benefit plan - Plan Assets
Plan Assets beg (+) Contribution (+) Actual return (-) Benefits Payed Plan Assets end
♦FRA♦ Defined benefit plan - Funded Status
Plan Assets - PBO
♦FRA♦ Defined benefit plan - Total Periodic Pension Cost (TPPC)
Contributions - ∆ funded status
♦FRA♦ Defined benefit plan - NI and OCI
IFRS NI = Current Service Cost + Past Service + Net Interest Cost²
²(discount rate * funded status beg)
OCI = Actual return + Interest - Net interest + Actuarial *ou* TPPC - P&L
US GAAP NI = Current Service Cost + Interest Cost² - Exp Return ²(discount rate * PBO beg) ³(exp r * Plan assets beg)
OCI = Actual return - Exp return + Actuarial + Past Service *ou* TPPC - P&L
Corriddor approach: If accum OCI > 10% * max(PBO, Assets), then amortize the difference
♦FRA♦ Currency Translation - Current Method
USD > CAD > CAD All @ current or avg (só equity no hist) CTA no balanço - conta de chegada pro balanço fechar. Diferença do anterior vai para o OCI
♦FRA♦ Currency Translation - Temporal Method
USD > CAD > USD Monetary @ current, Non-monetary @ hist, Revenues @ avg, COGS @ hist Remeasurement Gain no NI - conta de chegada pro NI bater com o que deve ser pro BS fechar. Plug fica no retained earnings.
♦FRA♦ Currency Translation - Hyperinflation
Quando > 100% em 3 anos IFRS - Reajusta e current US GAAP - Troca para temporal
