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Practical Accounting Vol 1 Valix 2022 Part 3

The document outlines financial transactions and balances for a company over several years, detailing cash flows, interest expenses, and options trading. It includes entries for IRS receivables and payables, as well as various option strike prices and market prices. Overall, it shows the company's financial activities and positions from 2021 to 2023.

Uploaded by

Mikhela Janielle Martin
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133 views

Practical Accounting Vol 1 Valix 2022 Part 3

The document outlines financial transactions and balances for a company over several years, detailing cash flows, interest expenses, and options trading. It includes entries for IRS receivables and payables, as well as various option strike prices and market prices. Overall, it shows the company's financial activities and positions from 2021 to 2023.

Uploaded by

Mikhela Janielle Martin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Cash P3,000,000 IRS Receivable P3,000,000

Loan payable P3,000,000 IRS Payable P3,000,000

dec 31 2021 IRS receivable P52,620


INterest exp P420,000 Discount P7,380
CAsh P420,000 Gain P60,000
01/01/2021
Cash 5M
Loan 5M

12/31/2021
Int. Exp. 480,000
Cash 480,000

IRS Rec. 194,400


UG OCI 194,400

12/31/2022
Int. Exp. 540,000
Cash 540,000

Cash 60,000
IRS Rec. 42,504
UG OCI 17,496

UG OCI 60,000
Int. Exp. 60,000

12/31/2023
IR Rec. 424,104
UG OCI 424,104

Int. Exp. 720,000


Cash 720,000

Cash 240,000
IRS 170,880
UG OCI 69,120

UG OCI 240,000
Int. Exp. 240,000
risk interest rate

risk: price of products


or forex rates
Oct 1 2021
-no entry-

FC Payable 1.6M
Cash 1.6M

8,000 x 1,000 = 8M

Purchases 1.6M
Un Loss OCI 1.6M
1,200

PVF1 10% 1 period


short term = no pvf
Option strike price
= 100 per kilo

Market price
= 90 per kilo

Market price =
85 per kilo

Option strike price


= 100 per kilo

Market price
= 110 per kilo

Market price
= 115 per kilo
Put option 50,000
Cash 50,000

Put option 450,000


UG - OCI 450,000

Put option 250,000


UG - OCI 250,000

Cash 750,000
Put option 750,000

Cash 4,250,000
Sales 4,250,000

UG - OCI 700,000
Sales 700,000

Put option 50,000


Cash 50,000

UL - OCI 550,000
Put option 550,000

UL - OCI 250,000
Put option 250,000

Put option 750,000


Cash 750,000

Cash 5,750,000
Sales 5,750,000

Sales 800,000
UL - OCI 800,000

Overall
Purchases 5,050
Cash 5,050
OVerall:

Loss 20,000
CAsh 20,000
Call option $12,000
CAsh $12,000

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