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1、FinancialAccountingStandardsBoardORIGINALPRONOUNCEMENTSASAMENDEDStatementofFinancialAccountingConceptsNo.7UsingCashFlowInformationandPresentValueinAccountingMeasurementsCopyright©2008byFinancialAccountingStandardsBoard.Allrightsreserved.Nopartofthispublicationmaybereproduced,storedinaretriev
2、alsystem,ortransmitted,inanyformorbyanymeans,electronic,mechanical,photocopying,recording,orotherwise,withoutthepriorwrittenpermissionoftheFinancialAccountingStandardsBoard.CON7StatementofFinancialAccountingConceptsNo.7UsingCashFlowInformationandPresentValueinAccountingMeasurementsSTATUSIssu
3、ed:February2000Affects:NootherpronouncementsAffectedby:NootherpronouncementsHIGHLIGHTS[BestunderstoodincontextoffullStatement]•Mostaccountingmeasurementsuseanobservablemarketplace-determinedamount,likecashreceivedorpaid,currentcost,orcurrentmarketvalue.However,accountantsquiteoftenmustuseest
4、imatedfuturecashßowsasabasisformeasuringanassetoraliability.ThisStatementprovidesaframeworkforusingfuturecashßowsasthebasisforaccountingmeasurementsatinitialrecognitionorfresh-startmeasure-mentsandfortheinterestmethodofamortization.Itprovidesgeneralprinciplesthatgoverntheuseofpresentvalue,es
5、peciallywhentheamountoffuturecashßows,theirtiming,orbothareuncertain.Italsoprovidesacommonunderstandingoftheobjectiveofpresentvalueinaccountingmeasurements.•TheBoarddecidedtolimitthisStatementtomeasurementissuesandnottoaddressrecognitionquestions.TheBoardalsodecidedthatthisStatementwillnotsp
6、ecifywhenfresh-startmeasurementsareappropriate.TheBoardexpectstodecidewhetheraparticularsituationrequiresafresh-startmeasurementorsomeotheraccountingresponseonaproject-by-projectbasis.•Theobjectiveofusingpresentvalueinanaccountingmeasurementistocapture,totheextentpossible,theeconomicdifferen
7、cebetweensetsofestimatedfuturecashßows.Withoutpresentvalue,a$1,000cashßowduetomorrowanda$1,000cashßowduein10yearsappearthesame.Becausepresentvaluedistinguishesbetweencashßowsthatmightotherwiseappearsimilar,ameasurementbasedonthepresentvalueofesti-m
