2012CPA会计英语第二单元(完整版).docVIP

Unit 2 Financial Statement Elements-Assets Financial asset IAS 39 classifies financial assets under the following categories: Financial assets at fair value through profit or loss （以公允价值计量且其变动计入当期损益的金融资产）: these are held for trading or elected to be classified in this category. Derivatives are always classified as held for trading unless they are effective hedges （有效套期）.Financial assets held for trading 交易性金融资产 Derivatives 衍生工具On the balance sheet at fair value with gains and losses immediately recognized through profit and loss account. Held-to-maturity investments（持有至到期投资）: are financial assets with fixed or determinable payments and fixed maturity（到期） that an entity has the positive intent and ability to hold to maturity. Loans and receivables: 贷款和应收款项Both held to maturity investments and loans and receivables are carried at amortized cost using the effective interest method （实际利率法下的摊余成本）. Available-for-sale financial assets （可供出售的金融资产）: are any financial assets designated as such or that do not fall into any of the three categories above. Available-for-sale financial assets are carried at fair value with gains and losses recognized directly in equity but recycled to income on disposal （处置时要将公允价值累计变动额从所有者权益中转出，重新计入当期损益）. Illustration:(1) A company invests $5,000 in 10% debentures. The debentures are repayable at a premium after 3 years. The effective rate of interest is 12%. What amounts will be shown in Income Statement and Balance Sheet for year 1-3? (2) A company invested in 10,000 shares of a listed company in 11/20x7 at a cost of $ 4.2 per share. At 31/12/2007, the s hares have a market value of $ 4.9. The company are planning on selling these shares in 2008/4. Prepare extracts from Income Statement for 31/12/20x7 and Balance Sheet at that date. (3) A company invested in 10,000 shares of a listed company in 10/20x7 at a cost of 4.9 per share. At 31/12/2007, the shares have a market value of $ 4.2. The company are not planning on selling these shares in t