2006 Accounting Standards for Business Enterprises - Explanation of Special Transactions

Author: Research Group on Enterprise Accounting Standards
Publisher:
Publish Date: 2006-01-01
Features: "The 2006 Enterprise Accounting Standards Explanation—Special Business Volume" is the second volume of the "New Enterprise Accounting Standards Series," primarily focusing on introducing the relevant content of accounting standards for special businesses. The standards covered in this book include: Specific Standard No. 7, Specific Standard No. 9, Specific Standard No. 12 to No. 17, Specific Standard No. 19, and Specific Standard No. 28. For the convenience of readers, the original text of the standards covered is included in the book as appendices. The book is divided into ten chapters, each titled after the respective standards.
Chapter 1 is Non-monetary Asset Exchange, which primarily introduces the definition of non-monetary assets and the accounting principles for situations with and without commercial substance.
Chapter 2 is Employee Compensation, which mainly introduces the recognition criteria, measurement standards, and accounting treatment of employee compensation.
Chapter 3 is Debt Restructuring, which separately introduces the accounting principles and disclosure requirements for debtors and creditors under different debt restructuring methods.
Chapter 4 is Contingent Events, which primarily introduces the definition of contingent events, the recognition criteria, measurement standards, and disclosure requirements for obligations related to contingent events.
Chapter 5 is Revenue, which separately introduces the recognition criteria, measurement standards, and accounting treatment of revenue from selling goods, providing services, and transferring the use of assets, and also supplements the accounting principles for related party transactions.
Chapter 6 is Construction Contracts, which primarily introduces the content of revenue and costs under construction contracts, as well as the accounting treatment for the results of construction contracts that can or cannot be reliably estimated as of the balance sheet date.
Chapter 7 is Government Grants, which separately introduces the accounting principles and disclosure requirements for government grants related to assets and income.
Chapter 8 is Borrowing Costs, which primarily introduces the content of borrowing costs, the conditions for starting, suspending, and ceasing capitalization, as well as the determination and accounting treatment of the capitalized amount of borrowing costs.
Chapter 9 is Foreign Currency Translation, which separately introduces the determination of the presentation currency, the accounting treatment of foreign currency transactions, and the translation of foreign currency financial statements.
Chapter 10 is Changes in Accounting Policies, Changes in Accounting Estimates, and Correction of Errors, which separately introduces the accounting principles and disclosure requirements for changes in accounting policies, changes in accounting estimates, and corrections of prior period errors.
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 a valuable teaching material for financial departments at all levels, schools, enterprises, and accounting firms for training on new enterprise accounting standards.