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ID:18452657
大小:56.00 KB
页数:13页
时间:2018-09-18
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1、外文翻译原文:PracticalassetsdevaluationaccountingThelast12monthshavebeenmarkedbyunprecedentedvolatilityinglobalmarketsandsignsofeconomicdownturn.Thesemarketconditionswillcausemanycompaniestorevisittheirbusinessplansandrevisefinancialforecasts.Asaresultofthesechangesmanagementmayexperiencesignific
2、antimpairmentchargesinthecomingmonths.Thebasicprincipleisthatanassetmaynotbecarriedinthebalancesheetatmorethanitsrecoverableamount.Anasset’srecoverableamountrepresentsitsgreatestvaluetothebusinessintermsofthecashflowsthatitcangenerate.Ihatisthehigherof:Theamountforwhichtheassetcouldbesoldin
3、anarm’slengthtransactionbetweenknowledgeableandwillingparties,netofcostsofdisposal(fairvaluelesscoststosell);andthepresentvalueofthefuturecashflowsthatareexpectedtobederivedfromtheasset(valueinuse).Theexpectedfuturecashflowsincludethosefromtheasset’scontinueduseinthebusinessandthosefromitsu
4、ltimatedisposal.Valueinuse(VIU)isexplicitlybasedonpresentvaluecalculations.AccountingforassetimpairmentswasnotpracticedinChinauntil1998whentheChinesegovernmentissuedtheAccountingRegulationforListedCompanies.Accordingtotheregulation,listedcompaniesweremandatedtorecognizeassetimpairmentsforfo
5、urcategoriesofassets,includingaccountsreceivable,inventories,short-terminvestments,andlong-terminvestments.Therequirementwasexpandedin2001toallcompanieswithfouradditionalcategoriesofassets,includingfixedassets,constructioninprogress,intangibleassets,andentrustedloanswhentheministryoffinance
6、promulgatedtheAccountingSystemforBusinessEnterprises.Whilediscretionforimpairmentreversalswasexplicitlygrantedinthe2001regulation,detaileddisclosurerequirementswerenotavailableuntil2003whentheministryoffinanceissued“QuestionsandAnswersNo.2:Implementingthe2001AccountingSystemforBusinessEnter
7、prisesandRelatedAccountingStandards.”Accordingtothisdocument,listedcompaniesmustdisclose,inaseparatetable,twotypesofdecreasesinassetimpairmentprovisionaccounts:(1)unrealizedreversalsduetotherecoveryofassetimpairments,and(2)write-offsduetothedisposalofass
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