Accounting Estimate Change

1. Under normal circumstances, the following items are accounting estimates:

1. inventory realizable net worth The determination.

2., the fair value of investment real estate should be determined under the fair value mode.

3. the estimated life of the fixed assets, the estimated net residual value, the depreciation method and the determination of the abandonment cost.

4. expendable biological assets can be realizable. net worth Confirmation, production The life span, estimated net salvage value and depreciation method of sexual biological assets.

5. estimated life expectancy, residual value and amortization method of intangible assets with limited service life.

6. the determination of fair value of non monetary assets.

7. the determination of the recoverable amount of non current assets such as fixed assets, intangible assets and long-term equity investments.

8. determination of staff salaries.

9. the determination of fair value related to share payment.

10. the determination of fair value related to debt restructuring.

11. estimated liabilities.

12. determine the amount of income and determine the progress of labor supply.

13. determine the completion schedule of the construction contract.

14. the determination of fair value related to government subsidies.

15. the determination of capitalization of general loans.

16. the determination of temporary difference between tax payable and deductible.

17. the determination of the fair value of the merger under the same control.

18. the determination of the fair value of the leased asset, the determination of the present value of the minimum lease payment, the determination of the discount rate of the leaseholder's financial lease, the determination of the financing cost and the financing income, and the determination of the unguaranteed residual value.

19. determine the fair value of financial instruments, determine the cost of amortization, and determine the impairment of financial losses.

20. the determination of the extent of the involvement of transferred financial assets, the risk of financial assets ownership and the degree of transfer of remuneration.

21. hedging tools and the determination of the fair value of hedged items.

22. calculation and adequacy test of insurance contract reserve.

23. prospecting methods for depletion of interests, wells and related facilities in mining areas. Depreciation methods and abandonment costs for auxiliary equipment and facilities related to oil and gas production activities.

Two, divide accounting policy change and accounting estimate change method.

Enterprises can use the following specific methods to divide accounting policy changes and accounting estimate changes: to analyze and determine whether the matter involves accounting recognition, measurement basis selection or listing of project changes, when at least one of them involves the change of basis, the matter is accounting policy change; when it does not involve changes in the above division, the matter can be judged as accounting estimate change.

Three. Accounting estimates change and accounting treatment

1. changes in accounting estimates include:

(1) the basis for estimation has changed.

(2) gained new information and accumulated more experience.

2. accounting treatment of changes in accounting estimates

(1) the accounting estimate changes only affect the current period, and the number of its impact should be confirmed in the current period.

(2) the number of impacts should be recognized in the current and future periods as well as affecting the current period and affecting the future period.

(3) enterprises should correctly divide accounting policy changes and accounting estimate changes, and conduct relevant accounting treatments in different ways. Enterprises can not distinguish a certain change by judging the basis of accounting policy change and the change of accounting estimates. They should be treated as accounting estimates change.