2006-Asset Manual-Explanation of Enterprise Accounting Standards

Author: None
Publisher:
Publish Date: 2006-05-01
Features: The 2006 Enterprise Accounting Standards Explanation—Asset Volume is a part of the "New Enterprise Accounting Standards Series," primarily focusing on introducing relevant content related to asset accounting standards. The standards covered in this book include: the Basic Standard, Specific Standard No. 1 to No. 6, and Specific Standard No. 8. For the convenience of readers, the original text of the standards involved is included in the book as appendices. The book is divided into eight chapters, each titled after the respective standards. Chapter 1 is the Basic Standard, which mainly introduces the background of the Basic Standard's issuance, accounting assumptions, qualitative characteristics of accounting information, accounting elements and their recognition and measurement, and financial reporting. Chapter 2 is Inventory, which mainly introduces the recognition criteria for inventory, initial measurement of inventory, accounting treatment for the reduction of inventory, and subsequent measurement of inventory. Chapter 3 is Long-Term Equity Investments, which separately introduces the accounting treatment for the initial measurement of long-term equity investments and the accounting treatment of the cost method and equity method for long-term equity investments. Chapter 4 is Investment Property, which mainly introduces the definition of investment property, the accounting treatment for the initial and subsequent measurement of investment property. Chapter 5 is Fixed Assets, which separately introduces the definition of fixed assets, the determination of the initial carrying amount of fixed assets, the accounting treatment for the depreciation of fixed assets, and the subsequent measurement of fixed assets. Chapter 6 is Biological Assets, which mainly introduces the definition of biological assets and the accounting treatment for the initial and subsequent measurement of productive biological assets, consumptive biological assets, and charitable biological assets. Chapter 7 is Intangible Assets, which separately introduces the accounting treatment for expenditures during research and development, the initial and subsequent measurement of intangible assets. Chapter 8 is Asset Impairment, which mainly introduces relevant concepts of asset impairment, the determination of recoverable amount, the accounting treatment for impairment loss of individual assets, the accounting treatment for impairment loss of assets in an asset group, the accounting treatment for impairment of goodwill, and the accounting treatment for impairment of headquarters assets. This book provides a comprehensive explanation with detailed information, abundant examples, and strong practicality and operability. It serves as an ideal reference for accountants and is also an excellent teaching material for training on new enterprise accounting standards for fiscal departments at all levels, schools, enterprises, and accounting firms.