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ID:347155
大小:57.00 KB
页数:13页
时间:2017-07-26
《实用资产减值会计【外文翻译】》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、外文翻译原文:PracticalassetsdevaluationaccountingThelast12monthshavebeenmarkedbyunprecedentedvolatilityinglobalmarketsandsignsofeconomicdownturn.Thesemarketconditionswillcausemanycompaniestorevisittheirbusinessplansandrevisefinancialforecasts.Asaresultofthesechangesmanagementmayexperiencesignificanti
2、mpairmentchargesinthecomingmonths.Thebasicprincipleisthatanassetmaynotbecarriedinthebalancesheetatmorethanitsrecoverableamount.Anasset'srecoverableamountrepresentsitsgreatestvaluetothebusinessintermsofthecashflowsthatitcangenerate.Ihatisthehigherof:Theamountforwhichtheassetcouldbesoldinanarm'sl
3、engthtransactionbetweenknowledgeableandwillingparties,netofcostsofdisposal(fairvaluelesscoststosell);andthepresentvalueofthefuturecashflowsthatareexpectedtobederivedfromtheasset(valueinuse).Theexpectedfuturecashflowsincludethosefromtheasset'scontinueduseinthebusinessandthosefromitsultimatedispo
4、sal.Valueinuse(VIU)isexplicitlybasedonpresentvaluecalculations.AccountingforassetimpairmentswasnotpracticedinChinauntil1998whentheChinesegovernmentissuedtheAccountingRegulationforListedCompanies.Accordingtotheregulation,listedcompaniesweremandatedtorecognizeassetimpairmentsforfourcategoriesofas
5、sets,includingaccountsreceivable,inventories,short-terminvestments,andlong-terminvestments.Therequirementwasexpandedin2001toallcompanieswithfouradditionalcategoriesofassets,includingfixedassets,constructioninprogress,intangibleassets,andentrustedloanswhentheministryoffinancepromulgatedtheAccoun
6、tingSystemforBusinessEnterprises.Whilediscretionforimpairmentreversalswasexplicitlygrantedinthe2001regulation,detaileddisclosurerequirementswerenotavailableuntil2003whentheministryoffinanceissued‘‘QuestionsandAnswersNo.2:Implementingthe2001AccountingSystemforBusinessEnterprisesandRelatedAccount
7、ingStandards.’’Accordingtothisdocument,listedcompaniesmustdisclose,inaseparatetable,twotypesofdecreasesinassetimpairmentprovisionaccounts:(1)unrealizedreversalsduetotherecoveryofassetimpairments,and(2)write-offsduetothedisposalofa
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