注会-会计英语讲义(8)

会计英语基础讲义

Dr. Financial asset (150,000×8%) 12,000

Cr. Finance income 12,000

Dr. Cash (150,000×6%) 9,000

Cr. Financial asset 9,000

3. Shares： these are treated as an available for sale financial asset .

Initial measurement (at cost)

Dr. Financial asset (50,000×3.50) 175,000

Cr. Cash 175,000

At 31.12.20X3 (re-measured to fair value)

Dr. Financial asset (50,000×3.75-175,000) 12,500

Cr. Equity 12,500

第四章 存货 Inventories

1．存货的确认 the recognition of inventories

2．存货的初始计量 the initial measurement of inventories

Inventories should be measured at cost when they are first recognized. Cost is the cost of bringing items of inventory to their present location and condition (cost of purchase and costs of conversion).

Cost of purchase comprises purchase price including import duties, transport and handling costs and any other directly attributable costs, less trade discounts, rebates and subsidies.

Cost of conversion comprises (1) costs which are specifically attributable to units of production, e.g. direct labor, direct expenses and subcontracted work; (2) production overheads; (3) other overheads, if any, attributable in the particular circumstances of the business to bringing the product or service to its present location and condition.

3．发出存货的计量

Four methods： (1) first-in, first-out; (2) moving weighted average cost; (3) weighted average cost; (4) actual unit cost (specific identification)

The same method of arriving at cost should be used for all inventories having similar nature and use to the enterprise.

4．期末存货的计量 the year-end measurement of inventories

Ending inventories should be valued at the lower of cost and net realizable value. Net realizable value is the actual or estimating selling price less all costs to

complete and all costs necessary to make the sale (i.e. all costs to be incurred in marketing, selling and distribution).

第五章 长期股权投资 long-term equity investment

1．长期股权投资的初始计量 initial measurement

Long-term equity investments should be measured at initial investment cost when they are first recognized. The determination of the initial investment cost depends on two different circumstances which are business combinations and non business combinations.

Long-term equity investment comprises (1) investment in subsidiaries; (2)