会计概念，专业判断和道德准则.ppt

CHAPTER 13  Accounting Concept, Professional Judgment, and Ethical Conduct 第 13 章 会计概念，专业判断和道德准则 Homework Exercise 13 - 1 Exercise 13 - 3 Exercise 13 - 7 Exercise 13 - 8 Exercise 13 - 1 Matching Professional judgment None None None Realization Materiality Exercise 13 - 3 Revenue is realized when both conditions are met: (1) the earning process is essentially complete and (2) objective evidence exist as to the amount earned. 1. When company provides services. 2. The seller recognizes the revenue as the cash is actually collected from customers. Exercise 13 - 3 Revenue of season tickets will be gradually realized in August through December. Interest revenue relating to a 2-year note receivable should recognized in 2 years separately. Exercise 13 - 7 Exercise 13 - 8 New accounting principles emerge continuously as business organizations enter into new forms of business activity. Financial Accounting Standards Board Exercise 13 - 8 SEC is a government agency with the legal power to establish accounting principles and financial reporting requirements for publicly owned corporations. In the past, the SEC has tended to adopt the recommendations of the FASB, rather than to develop its own set of accounting principles. Thus, accounting principles continue to be developed in the private sector, but are given the force of law when they are adopted by the SEC. Exercise 13 - 8 d. In order to meet the needs of the entire community. Problem 13 - 1 Stable dollar assumption, objectivity Matching revenue with expenses, going-concern assumption Accounting entity concept Conservatism Adequate disclosure Problem 13 - 3 Accounting entity concept. Matching revenue with expenses Realization principle Adequate disclosure Stable-dollar assumption Objectivity Problem 13 - 5 Uncollectible accounts should be recognized as sales revenue are entered into the account. In conformity with the accounting principles. Violate the matching principle, the cost of the machine shou