Comparative analysis of asset impairment losses ca

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Comparative analysis of asset impairment losses can not be reversed

【Keywords】 asset impairment reversal of impairment loss shall not compare Abstract newly issued in 2006, No. 8 Accounting Standards criteria for impairment of assets made in principle to limit Article XVII: Impairment of assets is confirmed, can not be reversed in subsequent accounting period (but only non-financial instruments other than current assets). Significant contraction of the above provisions of the Impairment guidelines since 2001, the Ministry of Finance, requiring enterprises to establish the appropriate provision for impairment of assets to improve business in the financial statements reflect the real sound financial position and operating results. In 2006, newly issued guidelines for impairment of assets 8, but also its specific operation a number of amendments,[link widoczny dla zalogowanych], the biggest change is made a matter of principle of Article XVII limits: Asset impairment loss is recognized in subsequent accounting period shall not back (but only non-financial instruments other than current assets). This provision greatly contracted by the previous use of One, old and new standards can not be reversed impairment loss on the comparison of new standards and old criteria impairment of assets is defined as: the asset's recoverable amount is lower than its carrying value. However, the reversal of asset impairment exist on the new and very different standards, the provisions of the old criteria: impairment of assets of eight can be carried out without limiting the back, back when credited to current income. While the new standards require inventory, receivables, other hard evidence to recover the asset impairment Yunxuzhuanhui; to reverse credited current earnings; equity instruments for sale impairment Yunxuzhuanhui; back, the credit loss. Fixed assets, amortization of specific intangible assets, goodwill impairment and other non-current assets are not allowed back. II and international accounting standards can not be reversed impairment loss on the comparison current international recognized in the previous year whether to allow the reversal of an impairment loss of assets but also there are different requirements: some requirements allow the reversal of the assets recognized in prior years (excluding goodwill) impairment losses; some provisions of the previous year's asset impairment loss recognized can not be reversed. IAS36 reversal of impairment losses on assets, made the provisions of prudence: 1. The principal at each balance sheet date to determine whether there are signs that the previous year's asset impairment loss recognized no longer exist or has been reduced, if there are signs, the subject must estimate the recoverable amount of the asset. 2. Subject in the last impairment loss is recognized, only in determining the recoverable amount of assets used in the change in the estimates can be rushed back to the previous year's asset impairment losses recognized. At this point, the asset's carrying amount should be increased to its recoverable amount. Reversal of impairment losses reflected in the use or sale of an asset's potential service capacity, than the recognition of an asset impairment loss increased. The only result of the expansion by discount recoverable amount is higher than its carrying amount, an impairment loss can not be reversed. 3. Since the reversal of impairment of assets increased carrying amount of assets can not be higher than the asset in prior years no impairment loss is recognized when the carrying amount (net of amortization or depreciation). 4. Impairment loss of assets transferred to respond immediately in the income statement as revenue recognition. 5. Impairment loss recognized for goodwill are not reversed in subsequent periods. UK Accounting Standards No. 11 The difference is that FRS11 and IAS36 has been recognized to allow reversal of impairment losses of intangible assets and goodwill, but there are strict restrictions. U.S. Financial Accounting Standards No. 144 costs, asset impairment recovery so as not confirm the same value of other assets, does not allow the reversal of impairment loss recognized. Although our criteria and IAS36 Impairment of Assets is very close in many respects, but both on whether to allow the reversal of impairment losses are still substantial differences in the question: back. A counter-measures taken. Third, the new guidelines can not be reversed impairment losses reason for the amendment of the terms of this revised standard on the main accounting work for our country in the specific problems and with the International Accounting relative convergence criteria of the objective requirements. Specific reasons: First, help to improve the reliability of accounting information quality. At present, China's securities market is not mature, imperfect accounting standards on impairment of assets are too scattered and rough, our enterprises, especially listed companies often take advantage of the provision for impairment of assets to manipulate profits, before any more during the pre- impairment of assets, current is reversed in whole or in part, in order to achieve the purpose of regulating surplus. Impairment of assets is not allowed back to the guidelines specified period prior to the asset impairment loss recognized, help to reduce the gloss over financial reporting enterprise management the possibility of reducing the use of accounting policies inflated profits, gloss over the financial statements of the space, improve the relevance of accounting information in decision-making. Second, and the professional judgments of accounting staff capacities. IAS36 reversal of impairment losses on assets is subject to the provisions at each balance sheet date to determine whether there are signs that the previous year's asset impairment loss recognized no longer exist or have decreased, if there are signs, the subject must estimate the asset The recoverable amount; main asset impairment recognized in a recent loss, only in determining the recoverable amount of assets used in the change in the estimates can be recognized in prior years reversed the impairment loss. Can be seen, recognized an impairment loss can be reversed if, first of all depends on the accounting staff to determine whether the assets recognized in prior years signs of impairment and the recoverable amount of assets used in the estimated amount is changed, those for needs some professional judgment. Accounting staff from our current level of professional judgments, it is hard to meet this requirement. If allowed to back the provision for impairment losses, but easy to manipulate the profit or loss may increase business. Reversal of impairment codes to allow the provisions of impairment losses, reducing the corporate accounting policy choices and the scope of accounting estimates, while reducing the accounting staff of professional judgments, more in line with China's national conditions. Third, convergence with international accounting standards of objective requirements. Existing guidelines from the international point of view, international accounting standards, U.S. GAAP accounting standards also exist in other countries the relevant provisions shall not reverse an impairment loss recognized. The development of accounting and international standards in order to reduce the development of enterprises in international business obstacles must be developed in line with the international accounting treatment.

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