acct queations

RadCoIntlSolutionTemplate.xlsx

Part 1

Transaction	Accounts		¥	FX
Type	Receivable	Amount	10,000,000	Gain (Loss)
Rate Type	Date	¥/$	$	Uncovered
Spot rate	1/1/17	120.20	83,194.68
Spot rate	4/30/17	106.29	94,082.23	$ 10,887.55
					Dr.	Cr.
Entry for Sale of Software January 1, 2017
1/1/17	Accounts receivable				83,194.68
	Sales					83,194.68
Entries for Collection April 30, 2017
4/30/16	Foreign currency				94,082.23
	Gain or Loss on foreign currency transaction					10,887.55
	Accounts receivable					83,194.68
4/30/16	Cash				94,082.23
	Foreign currency					94,082.23
Net gain (loss) on foreign currency transactions =				10.887.55	net gain

Transaction	Accounts		¥	FX	Derivative
Type	Receivable	Amount		Gain (Loss)	(FX Contract)
Rate Type	Date	¥/$	$	Uncovered	Gain (loss)
Spot rate
Spot rate
Forward rate
Net gain (loss) on foreign currency transactions
					Dr.	Cr.
Entry for Sale January 1, 2016
1/1/16	Accounts receivable
	Sales
Entry for Forward Exchange Contract January 1, 2016
1/1/16
Entry for Collection from Foreign Customer April 30, 2016
4/30/16	Foreign currency
	Accounts receivable (see 1/1/2016 above)
Entry for Settlement of Forward Contract April 30, 2016
4/30/16	Cash
	Foreign currency
Net gain (loss) =			gain on FCT +		loss on FX =		net gain

Transaction	Accounts		¥	FX	Derivative
Type	Receivable	Amount		Gain (Loss)	(FX Contract)
Rate Type	Date	¥/$	$	Uncovered	Gain (loss)
Spot rate
Spot rate
Spot rate
Forward rate
Net gain (loss) on foreign currency transactions
					Dr.	Cr.
Entry for SaleJanuary 1, 2016
1/1/16	Accounts receivable
	Sales
Entry for Forward Exchange Contract March 31, 2016
3/31/16
Entry for Collection from Foreign Customer April 30, 2016
4/30/16	Foreign currency
	Accounts receivable
Entry for Settlement of Forward Contract April 30, 2016
4/30/16	Cash
	Foreign currency
Net gain (loss) =			gain on FCT +		loss on FX =		net gain

Transaction	Accounts		¥	FX	Derivative
Type	Receivable	Amount		Gain (Loss)	(Option
Rate Type	Date	¥/$	$	Uncovered	Gain (loss)
Spot rate
Premium
Spot rate
Strike price
Net gain (loss) on foreign currency transactions
					Dr.	Cr.
Entry for Sale January 1, 2016
1/1/16	Accounts receivable
	Sales
Entry for Forward Exchange Contract January 1, 2016
1/1/16	Foreign currency option
	Cash
Entry for Collection from Foreign Customer April 30, 2016
4/30/16	Foreign currency

	Accounts receivable
Entry for Exercise of Forward Currency Option April 30, 2016
4/30/16	Cash
	Foreign currency
	Foreign currency option
Net gain (loss) =			gain on FCT +		loss on FX =		net gain

Transaction	Accounts		¥	FX	Derivative
Type	Receivable	Amount		Gain (Loss)	(Option
Rate Type	Date	¥/$	$	Uncovered	Gain (loss)
Spot rate
Premium
Spot rate
Strike price
Net gain (loss) on foreign currency transactions
					Dr.	Cr.
Entry for Sale January 1, 2016
1/1/16	Accounts receivable
	Sales
Entry for Forward Exchange Contract January 1, 2016
1/1/16	Foreign currency option
	Cash
Entry for Collection from Foreign Customer April 30, 2016
4/30/16	Foreign currency
	Gain on foreign currency transaction
	Accounts receivable
Entry for Expiration of Foreign Currency Option April 30, 2016
4/30/16	Cash
	Foreign currency
	Foreign currency option
Net gain (loss) =			gain on FCT +		loss on FX =		net gain