2006 Accounting Standards Explanation - Assets Volume

Author: Enterprise Accounting Standards Research Group
Publisher:
Publish Date: 2006-05-01
Features: The 2006 Enterprise Accounting Standards Explanation—Asset Volume is the volume 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 Standards No. 1 to No. 6, and Specific Standard No. 8. For the convenience of readers, the original text of the relevant standards is included in the book as appendices. The book is divided into eight chapters, each titled after the name of the respective standard. Chapter 1 is the Basic Standard, which mainly introduces the background of the Basic Standard's issuance, accounting assumptions, accounting information quality characteristics, accounting elements and their recognition and measurement, and financial accounting reports. Chapter 2 is Inventories, which mainly introduces the recognition criteria for inventories, initial measurement of inventories, accounting treatment for the reduction of inventories, and subsequent measurement of inventories. 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 of expenditures during the research and development stage, the initial and subsequent measurement of intangible assets. Chapter 8 is Asset Impairment, which mainly introduces the relevant concepts of asset impairment, the determination of recoverable amounts, the accounting treatment of impairment losses for individual assets, the accounting treatment of impairment losses for assets in asset groups, the accounting treatment of impairment of goodwill, and the accounting treatment of 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.