会计英语14.ppt

* * * * * * * * * * pou * Chapter7 Revenue and Expense Recognition and Income Statement Presentation Accounting English Elements of the Income Statement Revenues Expenses Gains Losses Income statement content 利润表要素 收入 费用 利得 损失 利润表内容 Part1: Introduction In FASB Statement of Concepts No. 6, the FASB defined the elements or building blocks of the income statement: Revenues Expenses Gains Losses 1. Elements of the Income Statement Revenues (1) Conception Revenues are inflows of assets of a company or settlement of its liabilities during a period from delivering or producing goods, rendering services, or other activities that are the company’s ongoing major or central operations. (2) Resources Sales Services Long-term contracts（主要指建造合同） Interest Royalties Dividends (3) Recognition time P168 Revenue is to be recognized only when all of the following criteria have been satisfied: a. the entity has transferred the significant risks and rewards of ownership of the goods to the buyer; b. the entity retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; c. the amount of revenue can be measured reliably; d. it is probable that the economic benefits associated with the transaction will flow to the entity; and e. the costs incurred or to be incurred in respect of the transaction can be measured reliably. (4) Various revenue recognition time 我国合同法规定，所有权转移的时间标准依下列原则确定：（1）依合同约定时间，（2）交付完成时间，（3）法律、法规规定时间。 国际上对所有权转移有以下原则和做法：（1）合同订立时间为所有权转移时间；（2）货物特定化后，在交货时所有权发生转移；（3）对货物特定化后，以双方当事人的意图决定所有权转移；（4）订立独立的物权合同，转移货物所有权；（5）所有权于交货时转移。 Revenue Recognition at Delivery Revenue Recognition before Delivery Revenue Recognition after Delivery Revenue Recognition at Delivery Sales under most conditions Revenue Recognition b