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Old 27-08-12, 12:37 PM   #1
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Default ralph lauren danmark,Of Enterprise Accounting Stan

On Enterprise Accounting Standards No. second -- of long-term equity investment , relationresultAbstract the new accounting standards for business enterprises released ,symbolizes that our country accounting standards to international convergence to step materiality pace .This paper summarizes the necessity of revising the original criteria ,focused on Enterprise Accounting Standards No. second -- long-term equity investment ( hereinafter referred to as the new accounting standards ) of major changes ,analysis of the new guidelines on listing Corporation impact ,and put forward the corresponding countermeasures . Key words long-term equity investment ;change ;impact ;Countermeasure in February 15, 2006 the Ministry of Finance issued 39 accounting standards ,and in January 1, 2007 the first listing Corporation in scope to implement, encourages other enterprises to carry out ahead of time .The new criterion system in terms of method guiding or from specific content, and the international financial report criterion more convergence .The new system of accounting standards implementation, enterprise accounting information quality and transparency will rise further, international exchange platform will be established, which will further standardize the accounting behavior ,Abercrombie Store,safeguard the public interests .China paper union finishing .One ,the new accounting standards long-term equity investment the necessity of revising accounting standard is a kind of system ,accounting practitioners engaged in accounting occupation process should comply with the basic rules ,its main function is to regulate the behavior of accountants ,inhibit the possible opportunism and perverse accounting behavior ,in order to ensure the quality of accounting information, promote capital market prosperity ,stable and healthy development .The original accounting standards for business enterprises was enacted in 1992 and released ,begin to apply since July 1, 1993 .This standard is issued and implemented for the promotion of China reform and opening up and the establishment of socialist market economic system has played the positive role .More than 10 years, our country economy and legal environment has changed greatly ,the accounting standards of our country to adapt to the socialist market economy and the globalization development ,needs and the international accounting standards convergence and coordination .The old standard with some elements of international accounting standards have bigger difference ,already can not adapt to the needs of the development of the situation ,incorporate is in the following respects :( a ) the area of asset impairment of assets means assets recoverable amount is lower than its book value, since the original guidelines allow enterprises to have provision for impairment ,lead there are many listing Corporation especially some ST companies ,often in the year prior to substantial impairment in later year again ,for a variety of reasons to cause profit ,illusion ,and the company performance did not change ,resulting in false profits .( two) convergence with international financial reporting standards because of China was not recognized internationally, and resulted in the international capital market is in very adverse position .China new enterprise accounting standards system greatly close to international financial reporting standards ,so that the value of listing Corporation to be more fair to reflect ,financial information more comparable ,is China economy is important one pace ,the entire national economic situation will have subtle influence .( three) merger ,derivative financial instruments ,in recent years Chinese economy commercializes reform deepening ,ralph lauren danmark,the financial market is developing rapidly ,the listing Corporation business innovation ,the old accountant in the criterion of the merger ,financial derivatives and other regulations in blank .The new system of accounting standards is the development of the new features and new request of the birth ,it not only make up the old criterion in some matters of the blank ,also make full use of international financial reporting standards ,from developed country to complex transaction accounting processing experience ,and fully consider China transition to market economy the characteristics of .In two ,ralph lauren,the main changes of new accounting standard ( a ) investment way of classification and measurement standards of new accounting standards on investment accounting were reclassified ,turns out to be a enterprise accounting standards -- investment content ,divided into Enterprise Accounting Standards No. second -- long-term equity investment and Enterprise Accounting Standards No. twenty-second -- recognition and measurement of financial instruments in two parts ,at the same time, short-term investment modification for trading securities investment ,bond investment is modified as the held-to-maturity investment ,apply Enterprise Accounting Standards No. twenty-second -- recognition and measurement of financial instruments .Non control ,common control and significant influence, in the active market and have pricing ,nike free,fair value can be measured reliably long-term equity investment ,also in Enterprise Accounting Standards No. twenty-second -- recognition and measurement of financial instruments standard specification .According to the Enterprise Accounting Standards No. second -- long-term equity investment classification method ,with a common control ,significant influence on the relationship between the enterprise ,uses the equity method ;control the cost accounting method ,does not have joint control or significant influence ,and are not quoted in an active market ,fair value cannot be reliably measured by the long-term equity investment equity method of accounting .( two) the initial measurement of long-term equity investment difference of new accounting standards on long-term equity investment forms, respectively, to determine the initial metric method .Specific as follows :1 companies merged to form the initial costs of long-term equity investments confirmation ( 1) business combinations under the same control ,the merging party to pay cash ,transfer of non-cash assets or liabilities as consideration for the combination ,on the combining date shall be made in accordance with the merged party share of the book value of the owner as long equity investment and initial investment cost .Initial costs of long-term equity investments and cash payments ,transfer of non-cash assets and liabilities and the difference between the book value ,the additional paid-in capital shall be adjusted ,the capital reserve is insufficient to offset the ,adjustment of retained earnings .( 2) for a business combination under the same control ,the purchaser in the date of purchase should be according to the Enterprise Accounting Standards No. twentieth -- enterprise merger defined by the combined cost as the initial cost of the long-term equity investment .According to the enterprise merger guidelines ,with cost mainly refers to the purchase of as merger to price assets given ,liabilities incurred or assumed by fair value .The fair value and the cost of assets ,liabilities incurred or assumed by the difference between the book value ,included in the current profits and losses .2 other ways to get the initial cost of the long-term equity investment confirmation in other ways to obtain the initial cost of the long-term equity investment to confirm the concept of fair value ,this and the old accounting standards differ markedly .Reflect in the following respects :( 1) to issue equity securities obtained a long-term equity investment ,should be in accordance with the fair value of the equity securities issued as the initial investment cost .( 2) investments long-term equity investments ,shall be stipulated in the investment contract or agreement as to the value of the initial investment costs ,if the contract or agreement value is not fair ,you should use fair value .( 3) by the exchange of non-monetary assets and debt restructuring made by the long-term equity investment ,according to the non monetary assets exchange , debt recombines accounting standards ,namely :the initial investment cost are confirmed using the fair value .( three) cost method and equity method of application of different range of 1 different provisions of the new accounting standards, the cost of the long-term equity investment law applies to two situations :( 1) investment enterprise is able to control the invested entity of long-term equity investment .( 2) to invest the unit does not have joint control or significant influence ,and are not quoted in an active market ,fair value cannot be reliably measured, long-term equity investment .The new accounting standards clearly stipulates :to invest the unit of joint control or significant influence of long-term equity investment ,using the equity method of accounting .Visible ,new accounting standards will invest enterprise is able to control the invested entity by the original using the equity method of accounting for the cost accounting method ,but the consolidated financial statements should be in accordance with the equity method adjust .Under the equity method, if the initial investment cost is more than should have identifiable net assets of the invested entity fair value of share, the variance of do not adjust the initial investment cost ;if the contrary ,the balance needs to adjust the stock investment cost ,and included in the current profits and losses .The new standards require that in determining whether to invest the unit to control or have significant influences ,consideration should be given to investment enterprises and other party held by the investing unit current Switching Company bonds ,current executable warrants potential voting rights ,pay more attention to investment enterprises invested enterprises actual ability to control the size ,but not in investment in certain proportion ( 20% or 50% ) as the criterion .Can say ,cost-or-market method of long-term equity investment ,the equity method and the applicable scope is the main changes of new accounting standards .In 2 accounting for different enterprises have long-term equity investment period, the profit and loss processing ,theoretically divided into cost method and equity method in two ways .( 1) cost accounting treatment under the new accounting standards on the old standards to be adopted ,cost accounting method of the general procedure is :1) a long-term equity investment in accordance with the initial investment cost ,increase investment in accordance with the additional investment when the initial investment cost as the book value of the long-term equity investment ;2) the invested enterprise declared to distribute profits or cash dividends ,investment enterprise should be in accordance with the entitlement to share, be recognized as the current investment income .However ,only when the enterprises invested dividends is accepting the investment after the cumulative net profit ,investors can confirm the investment income ;otherwise ,gain profit or cash dividend should be used as the recovery of initial investment cost ,reduction of the carrying value of the investment .( 2) the equity method accounting treatment under the provisions of the new accounting standards application in law of rights and interests of investment enterprises invested enterprises of joint control or significant influence of long-term equity investment ,the main characteristic is according to the enterprise profit continuously adjust the investment side of the cost of long-term equity investment ,to reflect the investment share investee business profit and loss share .You May Also Like,Related Topics Articles: Abercrombie und Fitch,On the Chinese financial mar nike free norge,Condensing heat recovery furnace t
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