2015年ACCA考试《F7财务报告》复习重点..docVIP

2015年ACCA考试《F7财务报告》复习重点（2） 本文由高顿ACCA整理发布，转载请注明出处 　II. Specific application? 　　1. Future operating losses ? 　　In the past， provisions were recognized for future operating losses on the grounds of prudence. However these should not be provided for the following reasons. ? 　　①They relate to future events; ? 　　②There is no obligation to a third party. The loss-making business could be closed and the losses avoided. ? 　　2. Onerous contracts ? 　　An onerous contract is a contract in which the unavoidable costs of meeting the contract exceed the economic benefits expected to be received under it. ? 　　A common example of an onerous contract is a lease on a surplus factory. The leaseholder is legally obliged to carry on paying the rent on the factory， but they will not get any benefit from using the factory. ? 　　The least net cost of an onerous contract should be recognized as a provision. The least net cost is the lower of the cost of fulfilling the contract or of terminating it and suffering any penalty payments. ? 　　Some assets may have been bought specifically for the onerous contract. These should be reviewed for impairment before any separate provision is made for the contract itself. ? 　　1Demo ? 　　Droopers has recently bought all of the trade， assets and liabilities of Dolittle， an unincorporatd business. As part of the take-over all of the combined business’s activities have been relocated at Droopers main site. As a result Dolittle’s premises are now empty and surplus to requirements. ? 　　However， just before the acquisition Dolittle had signed a three year lease for their premises at $6000 per calendar month. At 31 December 2003 this lease ad 32 months left to run and the landlord had refused to terminate the lease. A sub-tenant had taken over part of the premises for the rest of the lease at a rent of $2500 per calendar month. ? 　　Required ? 　　(a) Should Droopers recognized a provision for an onerous contract in respect of this lease? ? 　　(b) Show how this informat