2012中级财务会计英文版第九章课件-流动资产FA09current_Liabilities_and_contingencies.ppt

* * * * * * * * * * * * * * * * * * * 24 Promise made by a seller to a buyer to make good on a deficiency of quantity, quality, or performance in a product. Guarantee and Warranty Costs If it is probable that customers will make warranty claims and a company can reasonably estimate the costs involved, the company must record an expense. BE13-13 Frantic Factory provides a 2-year warranty with one of its products which was first sold in 2007. In that year, Frantic spent $70,000 servicing warranty claims. At year-end, Frantic estimates that an additional $500,000 will be spent in the future to service warranty claims related to 2007 sales. Prepare Frantic’s journal entry to record the $70,000 expenditure, and the December 31 adjusting entry. 2007 Warranty expense 70,000 Cash 70,000 12/31/07 Warranty expense 500,000 Warranty liability 500,000 Companies should charge the costs of premiums and coupons to expense in the period of the sale that benefits from the plan. Premiums and Coupons Accounting: Company estimates the number of outstanding premium offers that customers will present for redemption. Company charges the cost of premium offers to Premium Expense and credits Estimated Liability for Premiums. A company must recognize an asset retirement obligation (ARO) when it has an existing legal obligation associated with the retirement of a long-lived asset and when it can reasonably estimate the amount of the liability. Environmental Liabilities Presentation of Current Liabilities Usually reported at their full maturity value. Difference between present value and the maturity value is considered immaterial. Presentation of Contingencies Disclosure should include: Nature of the contingency. An estimate of the possible loss or range of loss. 利息 （一）核算内容 短期借款 短期借款是指企业向银行或其他金融机构借入的期限在一年以内（含一年）的各种借款。 金额小 支付时计入费用 金额大 按月预提计入费用 （二）账户设置 “短期借款”和“应付利息”账户。 （三）会计处理 2、计提借款利息 Dr：财务费用 Cr：应付利息 1、借入短期借款 Dr：银行存款 Cr：短期借款 3、归还短期借款 Dr：短期借款 本金 应付利息 已计提利息