General Knowledge Of Accounting -- Accounting Treatment Of Accounting Links Between New And Old Accounting Standards

(1) new guidelines for subjects such as "cash", "bank deposits", "other monetary funds", "receivable receipts", "receivable dividends", "receivable interest", "receivables", "other receivables", "bad debts preparation" and "prepaid accounts" are all set up. The contents of accounting are basically the same as those of the corresponding subjects of the original system.

When adjusting accounts, the balance of the above subjects should be pferred directly to new accounts, or old accounts can be used.

(two) the new guidelines for "short-term investment" and "short-term investment depreciation" subjects do not set up subjects for "short-term investment" and "short-term investment depreciation", and set up subjects of "trading financial assets" and "available for sale financial assets", and require detailed accounting of "becoming a capital" and "fair value change" respectively.

When adjusting accounts, enterprises should reclassify short-term investments in the original system into trading financial assets and available for sale financial assets in accordance with the new criteria.

The enterprise shall pfer to the subject of "paction financial assets (or available for sale financial assets) cost" according to the fair value of the first day of execution from the "short-term investment" and "short-term investment price depreciation" subjects, and the original book value should adjust the amount of the "surplus surplus" and the "undistributed profit at the beginning of the year" subject to the difference between the original book value and the fair value of the first execution day.

(three) the new guidelines for "accounts receivable" subjects do not set up the "accounts receivable" subject.

When adjusting accounts, enterprises should pfer the balance of accounts receivable to other accounts receivable subjects.

Materials, "packaging", "low value and easily consumed goods", "inventory cost goods", "goods entering and selling price difference", "commissioned processing goods", "entrusted goods for sale", "waiting for use expenses" and "inventory depreciation preparation" subjects were set up in China's new guidelines: "material purchase", "goods on the way", "raw materials", "packaging and low value consumables", "material cost difference", "inventory goods", "merchandise sales price difference", "commissioned processing assets", "entrusted sale goods", "prepaid expenses", "prepaid expenses" and "inventory depreciation preparation" subjects, accounting contents are the same as the original system. (four) "material procurement", "goods and materials on the way", and "raw materials".

When adjusting accounts, the balance of the "material purchase" subjects should be pferred to the "material procurement" subject; the balance of the "packaging" subjects and the "low value and easy consumption" subjects should be pferred to the "packaging and low value consumables" subjects; the balance of the "merchandise inventory" subjects should be pferred to the "inventory commodity" subjects, and the real estate development enterprises' products can be pferred to the "product development" subject, and the agricultural products harvested by agricultural enterprises can also be pferred to the "agricultural products" subject; the balance of other subjects can be pferred directly to the new account, or the old account can be used.

In addition, the new guidelines also set up "investment real estate" subjects, set up "consumptive biological assets" subjects for agricultural enterprises, and set up a "turnover material" subject for construction contractors.

When adjusting accounts, the amount of investment in real estate, consumptive biological assets or turnover materials in the original inventory items should be pferred from the relevant subjects to "investment real estate", "consumptive biological assets" or "turnover materials" subjects.

(five) the new guidelines of "self-made semi finished products", "commissioned sale goods" and "installment receipts for commodities" do not set up "self-made semi finished products", "commissioned sale goods" and "installment receipts for commodities", and set up the "goods issue" subject.

When adjusting accounts, the balance of the "self-made semi finished products" subject should be pferred to the "production cost" subject; the balance of the "consignment sales" subject should be pferred to the "goods issue" subject; the balance of the "instalment receivable commodity issue" should be analyzed, and the issued commodity part which has not yet met the income recognition conditions will be pferred to the "goods issue" subject, and the commodity part that has already met the income recognition conditions will be pferred to the "main business cost" subject.

Enterprises can also use the "commissioned sale goods" subjects to calculate the goods entrusted to other units for sale.

(six) the "long term equity investment" subject has set up a long-term equity investment subject, but its accounting contents and accounting methods have changed compared with the original system. In addition, the new guidelines also set up the subject of "trading financial assets" and "available for sale financial assets".

When adjusting accounts, enterprises should analyze the balance of "long-term equity investment" subjects.

1. for the long-term equity investment generated by the merger under the same control, the balance of the long-term equity investment equity investment balance will be written off in full, and the "surplus reserve" and "undistributed profit at the beginning" should be adjusted accordingly. The balance of the long-term equity investment investment cost, profit and loss adjustment and equity investment preparation will be pferred to the subject of "long-term equity investment - investment cost".

2. long term merger under the same control.

Accounting treatment of accounting links between new and old guidelines

Equity investment, the credit balance of "long term equity investment - equity investment balance" is written off in full, and the "surplus reserve" and "undistributed profit at the beginning" are adjusted accordingly: the balance of long-term equity investment, investment cost, profit and loss adjustment, equity investment preparation, and the balance of "long-term equity investment equity investment balance" are pferred to the subject of "long-term equity investment - investment cost".

3., for long-term equity investments of joint ventures and joint ventures, the credit balance of "long-term equity investment - equity investment balance" is written off in full, and the subjects of "surplus earnings" and "undistributed profits at the beginning" are adjusted accordingly. The balance of the "long-term equity investment cost of investment" subject and the "long-term equity investment equity investment balance" debit balance are pferred to the "long-term equity investment cost of investment" subject, "long-term equity investment - profit and loss adjustment, equity investment preparation" subject balance.

If an investment enterprise has no common control or significant influence on the invested entity, and has no quoted price in the active market, and the long-term equity investment that the fair value can not be reliably measured, the "long-term equity investment" subject should be directly pferred to the new account, or the old account can be used.

Enterprises should pfer the above three types of investment corresponding long-term equity investment impairment reserves from the "long-term investment impairment preparation" subject to "long-term equity investment impairment reserve" subjects.

If an investment enterprise has no common control or significant influence on the invested entity and can reliably measure its fair value, long-term equity investment should be reclassified into paction financial assets and available for sale financial assets in accordance with the new criteria.

According to its first execution day fair value from "long term equity investment" and "long-term equity investment impairment preparation" subject to "paction financial assets (or for sale of financial assets) - cost" subjects; the original book value and the difference between the first fair value and the first day of execution will be adjusted accordingly.

(seven) the new rule of "long term debt investment" does not set up the subject of "long-term debt investment", and sets up the subject of "trading financial assets", "holding to maturity investment" and "available for sale financial assets".

When adjusting accounts, enterprises should reclassify their long-term debt investments into trading financial assets, holding to maturity investments and available for sale financial assets in accordance with the new criteria.

1. part of the paction financial assets or the available for sale financial assets shall be pferred to the "paction cost financial assets (or available for sale financial assets) cost" subject to the fair value of its first execution day from the "long-term debt investment" and "long-term investment impairment preparation" subjects; the difference between the original book value and the fair value of the first day of execution shall be adjusted accordingly in terms of the amount of the "surplus surplus" and the "undistributed profit at the beginning".

Part of the holding to maturity investment shall pfer the balance of the "long-term debt investment - the face value (or principal), the premium and the accrued interest" to the "hold to maturity investment - investment cost, premium and accrued interest" subject, and calculate the interest income from the first implementation date according to the real interest rate method.

Where the provision for impairment has been made, the amount of the corresponding impairment allowance shall be pferred from the term "long-term investment impairment reserve" to the "holding to maturity investment impairment reserve" subject.

(eight) there is no "entrusted loan" subject in the new standard of "entrusted loan" subject.

When the account is adjusted, the balance of the entrusted loan principal and interest shall be pferred to the subject of "holding to maturity investment - investment cost and accrued interest" respectively.

Where the provision for impairment has been made, the amount of the corresponding impairment allowance shall be pferred from the "entrusted loan - impairment preparation" subject to the subject of "holding to maturity investment impairment allowance".

(nine) "accounts receivable financing leases", "financial leasing assets" and "unrealized financing income" subjects did not set up the subject of "receivable finance leases" in China's new guidelines, and set up the subjects of "long-term receivables" and "unrealized financing proceeds".

When adjusting accounts, the balance of the accounts receivable finance leases should be pferred to the "long-term receivable" subject; the general enterprise will pfer the balance of the "financial leasing assets" subject to the "fixed assets liquidation" subject, the leasing enterprise will directly pfer the balance of the "financial leasing assets" to the new account, or follow the old account, and pfer the balance of the "unrealized financing income" to the new account, or the old account.

Enterprises adopt deferred mode of installment receipts, and essentially have financing nature of business activities. When adjusting accounts have already met the conditions of income recognition, they should debit "long-term receivable" subjects according to the receivable contracts or the balance of the agreement, and credit the main business income and other subjects according to their fair value, and credit the "unrealized financing" according to the balance.

Income "subjects.

Fixed assets "," "accumulated depreciation", "fixed assets reduction preparation", "engineering materials", "construction project", "preparation of construction project reduction", "fixed assets cleaning", "intangible assets" and "intangible assets reduction preparation" subjects.

The new guidelines set up "fixed assets", "accumulated depreciation", "fixed assets depreciation reserves", "engineering materials", "in construction projects", "fixed assets clearance", "intangible assets" and "intangible assets impairment preparation" subjects.

The new guidelines do not set up the subject of "impairment of construction projects in progress", and have added "investment real estate" and "accumulated amortization" subjects. For agricultural enterprises, the subjects of "productive biological assets", "productive biological assets accumulated depreciation" and "public welfare biological assets" are set up, and oil and gas enterprises have set up subjects of "oil and gas assets", "accumulated depletion" and "impairment of oil and gas assets".

When adjusting accounts, the balance of "fixed assets" (excluding oil and gas assets of investment real estate and oil and natural gas exploitation enterprises), "accumulated depreciation" (excluding depreciation of investment real estate and oil and gas assets already measured by fair value measurement), fixed assets depreciation reserves, engineering materials, construction projects, fixed assets clearance, intangible assets (investment real estate and goodwill) and the value of intangible assets impairment are directly pferred to new accounts, and old accounts can also be used.

When investing in real estate and adopting the cost model according to the new guidelines, the book balance of the investment real estate should be pferred from "fixed assets" or "intangible assets" to "investment real estate" subjects; the investment real estate should be pferred from the "fixed assets", "accumulated depreciation", "fixed assets depreciation reserves" or "intangible assets" and "intangible assets impairment" subjects to the "investment real estate cost" subject according to the fair value of the investment real estate.

Agricultural enterprises should directly pfer the balance of "productive biological assets" and "productive biological assets accumulated depreciation" to new accounts, or continue to use old accounts, and pfer the balance of "public welfare forest" subjects into "public welfare biological assets" subjects.

Oil and natural gas exploitation enterprises should pfer the oil and gas assets and their accumulated depreciation amount and impairment reserve amount from relevant subjects to subjects such as "oil and gas assets", "accumulated depletion" and "oil and gas assets depreciation reserves".

For the abandonment charge that the first execution date satisfies the expected debt confirmation condition and has not been included in the asset cost before that date, the asset cost should be increased and included in the estimated liabilities. At the same time, the depreciated (depreciation) should be included in the "accumulated depreciation" subject, and the "surplus reserve" and "undistributed profit at the beginning" should be adjusted accordingly.

(eleven) "Shang"