中央财经大学会计专业英语的教程Chapter1.pptVIP

Full disclosure Principle This principle requires that circumstances and events that make a difference to financial statement users be disclosed. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile 5.2.0.0. Copyright 2004-2011 Aspose Pty Ltd. Financial Accounting Measurement bases Market Value(Fair Value) Historical Cost Net Realizable Value Current Value(Present Value) Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile 5.2.0.0. Copyright 2004-2011 Aspose Pty Ltd. Market Value Market value is the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s –length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile 5.2.0.0. Copyright 2004-2011 Aspose Pty Ltd. Historical Cost The economic activities and resourced of a company initially are measured by the exchange price of a t transaction at the time the transaction occurs. Usually the exchange price(the historical cost ) is retained in the accounting records as the value of an item until the item is consumed, sold, or liquidated and removed from the records. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile 5.2.0.0. Copyright 2004-2011 Aspose Pty Ltd. Net Realizable Value A method of determining the present value of a troubled asset to its present owner may be based on the assumption that the asset will be held for a period of time and sold at some future date. With regards to inventory, net realizable value(NRV) is the estimated selling price selling price in the ordinary course of business minus any cost to complete and to sell the goods. Net realizable value is also associated with accounts receivable. Evaluation only. Created with Aspose.Slides for .NET 3.5 Client Profile 5.2.0.0. Copyright 2004-2011 Aspose Pty Ltd. English in Acco