各种comparative FS的要求总结

Accounting Change
US GAAP
BS 2
IS 3
CF 3
Statemtn of Comprehensive income N/A
Change in equity 3

CF Statment所有的对比分析
F7-39
Business
USGAAP
Method Used Direct/Indirect
Reconciliation Net income
Category CFO/CFI/CFF
Interest income CFO
Interest expense CFO
purchases of capital assets CFI
Dividend received CFO
Dividend paid CFF

Reconciliation Direct

Supplemental schedulee of noncash

investing and financing activities

Purchase of FA by issurance of stock

conversion of bonds to equity
Acquiring assets by incurrence of a
capital lease obligation

exchange of one noncash asset for

another noncash asset

Disclosure of Accounting policy

CFO

Cash received from customer

Revenues

-Increase in receivables

+Decrease in receivables

+Increase in unearned revenue

 - Decrease in unearned revenue

Cash received from customers

Interest received
Dividends received
Other operating cash receipts such as
the receipts of insurance proceeds and
lawsuit settlements
Cash received from the sales of
securities classified as trading
securities, if classified as current assets

Cash paid to suppliers and employees

COGS
+Increase in inventory
- Decrease in inventory
- Increase in accounts payable
+Decrease in accounts payable
Cash paid to suppliers

Salaries and wages expense

-Increase in wages payable
+Decrease in wages payble
Cash paid to employees

Interest paid
Income taxes paid
Cash paid to acquire securities classfied
as trading securities, if classified as
current assets

Other operating cash payments

-Decrease in prepaid expenses
+Increase in prepaid expenses
+Decrease in accrued liabilities
-Increase in accrued liabilities
Cash paid for other expense

Discontinued operations
Loss 1
Year 1 Impairment Loss(NRV-BV)
Year 2 Loss from operation(Date of Month)
Gain not exceed previous cumulative loss
不depreciate和amortize

Error Correction
US GAAP
if the Year is Presented
Comparative FS Presented
if the Year is not Presented

Comparative FS Not Presented ADJ to the openning balance of retained earnings(net of tax)

Installment Sale
400,000 sales, year end ar 150,000, 300,000 COGS
 Installment
Installment Sale
Dr. Installment sales AR
Cr. Inventory
Deferred gross profit
Cash collection
Dr. Cash
Cr. Installment sales AR
profit on collection
Dr. Deferred gross profit
Cr. Realized gross profit on installment sales

Construction Contract
Assume a 3-year contract at a contract price of $500,000 as well as th

Cost incurred this year

Prior years’ costs
Estimated costs to complete
Total costs
Progress billings made during the year
Collection of billings each year

From the above information, the following may be determined

Percent of completion (costs to date/total costs)
Year 1: $135,000/$450,000 = 30%
Year 2: $360,000/$400,000 = 90%
Year 3: $405,000/$405,000 = 100%
Total revenue
* Percent of completion
Total revenue to be recognized by end of
Revenue recognized in prior periods
Current year’s revenue (to be recognized

Contract price
- Total estimated costs
Estimated Profit
* Percent of completion
Total profit to be recognized by end of ye
- Profit recognized in prior periods
Current year’s profit (to be recognized)

Year 1 Costs
Construction in Progress
Cash
Year 1 Progress Billings
Accounts receivable
Billings on LT contracts
Year 1 Cash Collected
Cash
Accounts receivable
Year 1 Profit Recognition
Construction expenses
(profit) Construction in progress
Construction revenue
 Year 2 Costs
Construction in Progress
Cash
Year 2 Progress Billings
Accounts receivable
Billings on LT contracts
Year 2 Cash Collected
Cash
Accounts receivable
Year2 Profit Recognition
Construction expenses
(profit) Construction in progress
Construction revenue
Year 3 Costs
Construction in Progress
Cash
Year 3 Progress Billings
Accounts receivable
Billings on LT contracts
Year 3 Cash Collected
Cash
Accounts receivable
Year 3 Profit Recognition&Closing
of special account
Construction expenses
Construction in progress
Construction revenue
Billings on LT contracts
Construction in progress

Construction expenses
Const. in progress
Billings on LT contracts
Construction revenue
At each financial statement date,the
“construction in progress” account
should be netted against the “billings
on LT contracts” account on a project-
by-project basis, resulting in a net
current asset and/or a net current
liability.
Loss 的情况再看书

Personal Financial Statement

Statement of Financial Condition Asset and Liability
Diff Between Asset and Liability
Estimated Income tax
DTL
Life insurance loan payable要和cash surrender value一起net来列报, insuranc
Business interest如果金额占比重大要单独列报
只有vested pension plan benefit才列报为fair value, non-vested的disclosure

Statement of Changes in Net Worth(Optional) Realized

Unrealized
Disclosure
 投资的original cost用来算unrealized的gain or loss但不单独列报

Cost Method vs Equity Method

Cost Method(FV method/Available
调investment in investee?
Sale method)
Investee earning N
Cash dividend from Investee N

Liquidated dividend Y(既确认dividend income又减少investment)

年末investment要调整到FV,差额进OCI

就算控股大于20%，但没法施加significant inluence，例如在BoD没人
Intercompany Transactions
Inventory
Dr Intercompany Sale
Retained earnings(profit in beginning
inventory)
Cr Intercompany COGS
COGS(intercompany profit included in
COGS of the purchasing affliate)
Ending inventory(intercompany profit in
the inventory remaining)

Loan
Dr Bonds payable
Premium
Loss on extinguishment of bonds
Cr Investment in xx bonds
Discount
Gain on extinguishment of bonds

FA
Dr Intercompany gain on sale of machinery
Cr Machinery
Accumulated depreciation
Dr Accumulated depreciation
Cr Depreciation

Land
Dr Intercompany gain on sale of land
Cr Land

AR

Inventory
Weighted Average Method Periodic
Moving Average Methd Perpetual

Periodic的COGS既包括COGS也包括inventory shortage

Departure from Cost Basis US GAAP

Cost
Market Ceiling
Lower of
Market Floor
Replacement Cost
Write down COGS
Reversal N

Dollar-value LIFO
Date At base year cost

1/1/Year 1 40,000
Year 1 layer 5,000
12/31/Year 1 45,000
Year 2 layer 15,000
12/31/Year 2 60,000
 Ending Inventory Current Year
Step 1 cost/Ending Base Year cost= Price
Index
Step 2 Layer*Price Index=Dollar-value LIFO added
At base year cost
1/1/Year 2 250,000
15,000
12/31/Year 2 265,000
60,000
12/31/Year 3 325,000

两种运输方式 FOB Shiping Point

title离开seller的location时就转到buyer
处，shiping cost是buyer的inventory cost

采购时候按折扣价格入账存货
在两个仓库之间的shipping cost也要进inventory cost

Inventory cost puchase cocst

freight in
normal spoilage

Detachable Warrants
Warrants only
Bond issue
Dr Cash
Discout on bonds payable
Cr Bond payable
APIC-Warrant
Exercicsed
Dr Cash
APIC-Warrant
Cr Common Stock
APIC
Expire
 Dr APIC-Warrant
Cr APIC

Contingent Shares
DO NOT require cash consideration

Govermental& NFP Accounting

注意Gov的Grant和NFP 的contribution区别

还需总结所有分录
NUCAR书F8-14

Interfund activity
Reciprocal Interfund Loan
Non Reciprocal Interfund transfer

Reporting F9:3-5

Capital Project Fund发债

有ability refinance as a noncurrent obligation other financing source
无xx bond antiicipation note payable

Fund FS shold be separately presented for G,P,F funds to report addi

Expenditure voucher payable or cash两种都算expenditure

Transfer
Other financing use General Fund往除了pension fund之外的所有fund转钱
Expenditure GRaSPP 往pension fund转钱
Expense SE-PAPI往pension fund转钱

Deferred inflow of resources

Imposed Non-exchange Revenue Transactions(property tax)，recogniz
Dr PT rec
Cr diferred inflow of resources

Reporting entity
 NFP/Net Asset Categories
Permanently restricted
Unrestricted
Temporarily restricted

Government-wide fs operational accountability

fund fs fiscal accountability

Leasing
Sales lease back各种Gain or Loss的处理总结

融资租赁leasee一开始确认资产 lessor of
 Operating lease
Gain
Capital lease

Major
US GAAP PV of rent payment>90% FV of leased as

Gain Defer all(CL)

Loss(NBV>FV) Recognize immediately
Other Losses(FV-SP) Defer all
IFRS Finance lease
Gain or Loss不分开处理 Defer all

Concelptual Frameworks underlying financial accounting

Objective of General Purpose Financial Reportingprovide useful information to primary users

Primary User existing and potential investors, lenders and other creditors.Regulato
Segment reporting
上市公司才需要report
Segment profit(or loss) include
not include

10%
Revenue
Profit or Loss(绝对值)
Asset
75%
OS external(consolidated)revenue<=total external revenue,另外的OS要加进

Reporting US GAAP
Profit or Loss Y
Segment assets Y
cash flow N
lability N

Foreign Currency Accounting

Functional Currency Remesurement Method

the financial statement of the foreign
subsidiary are not in the subsidiary's
functional curency
BS
Monetary items=Current/Year-end rate
Non-Monetary items=Historical rate

IS
Non-BS related items=Weighted average
BS related itmes=Historical rate
-Depreciation/PP&E
-COGS/Inventory
 -Amortization/bonds and intangibles

Gain or Loss(IS)
Plug G/L, 让B/S平（NI=RE)

两个plug
RE
Currency exchange(Gain/Loss)

只有monetary asset才有 purchasing power gain/loss

Marketable Securities

Impairment other than temporary

subsequent recoveries

subsequent decrease
temporary
other than temporary

Sale Trading
Gain or Loss Selling price-adjusted cost
Dr Cash

Cr Trading security
Realized gain on trading security(IDEA)

Convertible bonds
NO I/S
book value method
DR Cash
CR Bond payable
Premium on bond payable
 DR Bond payable
Premium on bond payable

CR Common stock
APIC

Issue price>face value

interest rate<non convertible debt

EPS

NI-PD
Basic EPS
WACSO

Book value per share Total sahreholders' equity

-Preferred stock outsatnding(greater of call price
-Cumulative Preferred dividends in arrears
Common shareholders' equity

Book value per common share Common shareholders' equity

Common shares outstanding

Treasury Stock
Original Issue Cost Method
Dr. Cash
Cr. Common Stock
APIC-C/S
Buy Back Above Issue Price
Dr. Treasury stock
Cr. Cash
Reissue Above Cost
Dr. Cash
Cr. Treasury stock
APIC-T/S
cyc: Reissue Below Cost
G/L upon reissue Dr. Cash
APIC-T/S
RE
Cr. Treasury stock

Retire of treasury stock

Dr C/S
APIC-C/S
若购买TS价格大于par value Retained earnings
Cr Treasury stock
若购买TS价格小于par value APIC-Tresuray stock

Business Combination

Acquisition price on the date the acquisition is finalized，不是announced

Noncontrolling interest
 Full Goodwill Method FV of subsidiary*Noncontrolling interest%
Partial Goodwill Method FV subsidiary's(net identifiable assets)*Noncontrolling interest%
Goodwill
Full Goodwill Method FV of subsidiary- FV of subsidiary's net assets
Partial Goodwill Method Acquisition cost- FV of subsidiary's net assets

FA Impairment
Income from continuous operations Gross of TAX

US GAAP

Warranties

entire liability accrued in the year of sale

Total liability-Actual expenditures=Liability Balance

IDEA
Discontinued operations Loss on the sale of a subsidiary

change in accounting principle如果用来增加earning和stock price是不被允许的

Defered outflow and inflow of resources

Pension
SIR expense
AGE Defered outflow and inflow of resources
Stock Dividend
Small dividend(0-25%)
Dr RE
CR C/S
APIC

两种方法的S/E 都不变

INTERIM Financial Reporting

YTD income*estimate of ETR-income tax
Income taxes
last Q

Expense Expenses that benefit more than one interim period, such as property

Fixed asset
只有declining balance折旧不管残值(资产处于快速过时的阶段)

Change in estimate

Change in accounting principle tax accrual adjustment

Change in accounting entity

若买固定资产既付了钱又assuming exiting mortgage, 资产价格为cash+mortgage assume

Hedge
Bond

Interest expense (Face value*Stated interest rate)- Premium amortization or + discoun

Discount/Premium amortization 如果issue date晚于dated date,要从issue date开始amortize

Intangible Asset
Technoligical feasibility

Computer Software development Cost To be sold leased or licensed

达到T/P前 expense
达到T/P后 capitalized

Amortization of Capitalized Software Cost

Total capitalized amount*Current gross
revenue for period/Total projected gross
The Greater revenue for product
Total capitalized amount*1/Estimated of
economic life

IFRS对软件没有单独的说明，适用于general的

IA Valuation US GAAP
Cost model

只有外购的IA可以capitalization，Internally
developed的IA要expense
例外：successful defense的legal fee
registration or consulting fees
design costs
other direct costs to secure the assets

Goodwill Impairment USGAAP

每个reporting unit的FV和CV比

若小，则比较每个Reporting Unit的Goodwill的FV和
CV

IA Impairment
Research and Development Costs

R&D Cost是为了别的公司来发生的，别的公司记R&D的Cost,承包的公司记
operating expense

Materials,equipment,or facilities有别的用途要
折旧费用进R&D expense
capitalization然后在useful life里折旧
Marketing research是operating expense不是R&D

Consolidated FS
Combined FS
Capital stock和retained earnings相加，不eliminate，I/S相加，其他和consolidate相同

Step acquisition
Consolidate income Parant income-Equity in earning of sub+Sub income*% controlling

RPT

US GAAP
不用披露compensation
arrangement,expense allowance, other
similar items在ordinary couse of
business下的
Notes/Accounts receivable:对
officers,employees, affiliated entities要单独
披露

Founndamental concept
Revenue
Earned 已经做了足够多的事
Realized or Realizable 货物are or redily exchange for cash or cliam to cash

Income Tax

DTL
Dr Income tax expense-current
Income tax expense-deferred
Cr Deferred tax liability
Income tax payable

年末的DT是用各DT的年末余额计算

Net change
Deferred taxes
End Balance
<Current balance>
Reg.adjust

分类 US GAAP
 Current DTL和DTA net
Non-Current DTL和DTA net
Valuation allowance要pro rata分配给
current/non current

Operating loss carrying back

2年
Dr Tax refund receivable
Cr Tax benefit

SBC
Dr Compensation expense
APIC-stock options
Exercise
Dr Cash
APIC-stock options
Cr C/S
APIC-in capital in excess of par(C/S)
Expiration
Dr APIC-stock options
Cr APIC-expired stock options

若员工退休了 compensation expense照样计提，不受影响，也不冲回

Stock right
Issurance of rights No entry
Rights lapse No entry
Exercise of rights
Dr Cash
 Cr C/S
APIC
Interest capitalization
1.算WAAE
2.interest incurred for all borrowing
specific borrowing*IR+(WAAE-Speficic
3.算avoidable interest
borrowing)*WAIR
4.剩余的利息expense

但如果所有贷款的利息要小于计算的avoidable interest,则capitalize所有贷款的利息

Non-monetary exchange
Exchange having Commercial
Substance/Exchange of dissimilar
asset
New asset(FV of considration given)(FV
Dr. of asset given up+cash paid or - cash
received)含cash
Accumulated depreciation of asset given up
Cash received
Loss(if any)(FV-BV of asset given up) 不含cash
Cr. Old asset at hostorical cost
Cash given
Gain(if any)(FV-BV of asset given up) 不含cash

Exchange lacks Commercial

总体思想 FV Given=FV received
Substance/Exchange of similar asset
Potentail Gain or Loss FV-BV of asset given up，含cash
Gain 若无Boot或Boot is paid，Gain不确认
收到东西的BV要Plug

若Boot received/FV received <25%

确认这部分的gain
收到东西的BV要Plug

若Boot received/FV received >=25%

确认所有gain
收到东西的BV要Plug

Loss 全部确认
收到东西的BV要Plug

Pension
Pension plan asset noncurrent
Pension plan liability current
noncurrent
both

US GAAP
Prior service cost OCI-IS
Gain& Losses OCI-IS

dividend
Property
Dr. Retained earning
Loss on inventory
Cr. Inventory
Stock
Dr. Retained earning
Cr. C/S
APIC(SMALL)
Cash
 Dr. Retained earning
Cr. Dividend payable

Derivative
Fair Value Hedge (purchase commitment)
Dr. Loss on firm purchase commitment
Cr. Firm purchase commitment liability

Dr. Fair value hedge

Cr. Gain on fair value hedge

Dr. Cash
Cr. Fair value hedge

Dr. Firm purchase commitment liability

Inventory
Cr. Cash
Cash Flow Hedge (No purchase commitment)
Dr. Cash flow hedge
Cr. OCI-Effective portion of hedge

Dr. Cash flow hedge

Cr. OCI-Effective portion of hedge

Dr. Cash
Cr. Cash flow hedge
Dr. Inventory
Cr. Cash

SWAP A pay fixed receive variant

B pay variant receive fixed
可以互相支付，也可以net settlement(最有可能)
付多收少的一方loss

Troubled debt
Transfer of assets
Dr. Note Payable
Interest Payable
Cr. Land
Gain on disposal of land(FV of land-BV
of land)
Gain on restructuring(Amount owend-
FV of land)

Bond issue cost

US GAAP
Dr. Cash
不变 Discount
Bond issue cost
Cr. Bond payable

SEC reporting
10K 年报
10Q 季报
11K employee benefit plan
20-F&40F 外国公司/加拿大公司
6K 半年报
8K 重大公司事件
Form 345 director,officer,beneficial owenres 大于10%的持股
Fundamental Qualitative Characteristics
Relevance predictvie value
confirming value
Materiality
Faithful representation Completeness
Neutrality
Freedom from error
Accounting Change Interim Financial Reporting
IFRS US GAAP IFRS
3 2(CQ+PY)+1(PQ) 2(CQ+PY)
2 4(CQ+CYTD+PQ+PYTD)+1(LQ-PQ) N/A
2 2(CYTD+PYTD)+1(LQ-PQ) 2(CYTD+PYTD)
N/A N/A 4(CQ+CYTD+PQ+PYTD)
N/A N/A 2(CYTD+PYTD)

F7-39 F9-29 F9-49

Business Proprietary funds NFP
IFRS
Direct/Indirect Direct Direct/Indirect
Net income/不是required Operating income Net asset
CFO/CFI/CFF CFO/CFNCF/CFCF/CFI CFO/CFI/CFF
CFO/CFI CFI CFO
CFO/CFF CFNCF/CFCF CFO
CFI CFNCF/CFCF CFI
CFO/CFI CFO CFF-OFA
CFO/CFF CFF CFF

带capital的都在CFCF里体现

Indirect
Supplemental disclosure of cash
Cash flows from operating activitiCash flows from operating activities
flow information
Interest/income taxes interfund reimbursements and excha agency transactions
Supplemental schedulee of noncash Capital and related financing
contributions
investing and financing activities activities
Cash flows from issuing debt
Purchase of FA by issurance of stock program income
associated with capital assets
conversion of bonds to equity cash inflows from capital grants interest income
Cash inflows from contribution
Acquiring assets by incurrence of a
activity associated with acpital dividend income
capital lease obligation
assets
receipts of unrestricted
cash activity related to special resources designated
exchange of one noncash asset for
assessments associated with capital by the governing body
another noncash asset
assets to be used for long-
lived assets
Disclosure of Accounting policy Noncapital financing activities
Cash receipts from grants or subsidies
Cash recived from property
taxes(not restricted for capital use)
Operating transfers
Financing activities
Reconciliation of operating
Reconciliation of net income to net
income(loss) to net cash a. Proceeds from
cash provided(used) by operating
provided(used) by operating restricted contributions
activities
activities b.Other Financing
Net Income Operating income
activities
Adjustments to reconcile operating
+Depre.&amort.(discount) income to net cash provided(used)
by operating activities:
+Loss depreciation expense Investing Activities
proceeds from the sale
of works of art or
-Gain& amort.(premium) Changes in assets and liabilities:
purchases of works of
art
investment in
-Equity earnings affil. Receivables, net
equipment
 Insurance proceeds
change OA- but outflow Inventories from loss of long-lived
asset
proceeds from the sale
of assets that were
received in prior
+ sell inflow Accounts and other payables periods and hose sale
proceeds were
restricted to investment
in equipment
change OL + borrow inflow Accrued expenses
- repay out flow Net cash provided by operating activities

Loss 2 F1-23
Loss from operations(12 month)
Loss on sale(SP-CV)
mulative loss

US GAAP IFRS
Correct the Information
ADJ Beginning Retained Earnings of the
若追溯调整不实际，则prospective调整
Earliest Year Presented
of retained earnings(net of tax)

0,000, 300,000 COGS

 Cost Recovery

Cost recovery AR 没有revenue的account

Inventory
Deferred gross profit

Cash
Cost recoveryAR

只有在所有cost都覆盖之后才确认profit

a contract price of $500,000 as well as the following data:

Year 1 Year 2 Year 3
135,000 225,000 45,000
0 135,000 360,000
315,000 40,000 -
450,000 400,000 405,000
200,000 200,000 100,000
175,000 200,000 125,000

147000

the following may be determined

to date/total costs)

500,000 500,000 500,000

30% 90% 100%
150,000 450,000 500,000
-150,000 -450,000
150,000 300,000 50,000

500,000 500,000 500,000

-450,000 -400,000 -405,000
50,000 100,000 95,000
30% 90% 100%
15,000 90,000 95,000
-15,000 -90,000
15,000 75,000 5,000

Percentage-of-completion Completed-contract

135,000 135,000
135,000 135,000

200,000 200,000
200,000 200,000

175,000 175,000
175,000 175,000

135,000
15,000 N/A
150,000
 225,000 225,000
225,000 225,000
0
200,000 200,000
200,000 200,000

200,000 200,000
200,000 200,000

225,000
75,000 N/A
300,000

45,000 45,000
45,000 45,000

100,000 100,000
100,000 100,000

125,000 125,000
125,000 125,000

45,000
5,000
50,000
500,000
N/A
500,000

405,000
405,000 把之前所有的CIP结转到expnese
N/A
500,000
500,000 把之前所有的B on LT结转到revenue

Current Fair value

Net worth
FVminus TAX Bases of Asset of Liabilities
estimated tax due
和cash surrender value一起net来列报, insurance的face value无关,face value在disclosure里列报

t才列报为fair value, non-vested的disclosure

d的gain or loss但不单独列报

Equity Method Consolidation

Y
Y

N
FV>NBV 要amortize premiu,导致NI下降，land不用amortize

inluence，例如在BoD没人 只要大于50%就要consolidation，不管其他条件
 Seller
Purchaser
Seller
Purchaser

Purchaser

Plug, bond收购价大于book value

Plug, bond收购价小于book value

卖价-NBV
卖价-原值
原转出的累计折旧
新当期折旧和原当期折旧的差额
新当期折旧和原当期折旧的差额

卖价-原值
卖价-原值

during period of inflation will maximize the inventory carring amount

nventory shortage

US GAAP IFRS
Cost
NRV(SP(net of discount)-cost to complete NRV(SP(net of discount)-
NRV-Profit Margin Market Ceiling cost to complete and
cost to purchase dispose)
若Material,则separate列示 N/A
N Y

At current year cost At dollar-value LIFO

40,000 40,000
14,000 6,000
54,000 46,000
26,000 20,000
80,000 66,000
ue LIFO added Price Index
At current year cost At dollar-value LIFO
250,000 250,000 1
15,750
278,250 265,750 1.05
67,200
364,000 332,950 1.12

FOB Destination
title当货物被buyer收到时才转，packing,shipping,和
handling是seller的selling expense

Warrants only Market value

Plug Plug

FV of Warrant 按照BOND和Warrant的FV分摊比例计算

Plug Plug
 F8-49 F9-58
Unrestrictted Grant收到就确认revenue 所有Contribution收到了就确认revenue Donated Service
Ristricted Grant花了才确认revenue a. creat or enhance a nonfinancial asset o
b. Specialized skills are required and pos
Otherwise needed by the organization
Measurable
Easily(at fair value)
Interfund Services Provided and Used(Quasi-external transaction)
Interfund Reimbursements

presented for G,P,F funds to report additional and detatiled information about the primary government

expenditure

d之外的所有fund转钱

nue Transactions(property tax)，recognized as receivable in advance或者collction in adance都记

Cash
diferred inflow of resources

Separately-Elected governing body all

Legally separate
Fiscally independent of other state and local governments

Any
Governmental Net Position Categories
Invested
Restricted
Unrestricted

FV of asseet at the inception of the lease

Cost=PV of the minimum lease payments
 Sale price- Asset NBV-PV min.lease payment
Sale price- Asset NBV-Leaseback asset Leaseback asset: the lessor of PV min.lease payment
FV of the leased property
Middle Minor
90% FV of leased asset>PV of rent 10% FV of leased asset>PV of rent
payment>10% FV of leased asset payment
Defer=up to the PV of min leaseback
No deferral(OL)
payment(OL) or capitalized asset(CL)
Recognize immediately Recognize immediately
Defer all Recognize immediately
Operating lease
SP=FV Recognize
SP>FV Defer
SP<FV Recognize

primary users to make decision

rs, lenders and other creditors.Regulators不是

internal and external revenue

General corporate revenue/expense; interest expense(except for financial institutions);income taxes;Equity in earnings
Gain or losses from discontinued opertaions
Minority interest
Income and expense are not allocatted except reported to CODM

both external and internal

all operating segments did not report a l
Greater(绝对值)
all operating segments did report a loss
assets are reviewed by CODM

enue<=total external revenue,另外的OS要加进来 下一个加进来的是最大external sale的segment

IFRS
Y
Y
N
Y(如果提供给CODM）

Translation Method
the financial statements of the foreign
subsidiary are in the subsidiary's
functional currency
IS BS永远不用Weighted average
Weighted average rate(all items) IS永远不用current/year end
Transfer NI to RE

BS
Asset&Liabilities=Current/year-end rate
C/S&APIC=Historical Rate
RE=Roll forward
=beginning RE+translated NI-translated dividends declared
 Gain or Loss(OCI)
translation adj=diff between debits and credits in the translated trail balance

一个plug
AOCI

ng power gain/loss

Write down to FV-realized loss in earning

HTM-NO
AFS-OCI

AFS-OCI
AFS-Earning

AFS
Selling price-original cost
Cash
Unrealized gain on trading security(PUFE)
AFS security
Realized gagin on AFS(IDEA)

I/S
book value method market value method
same
same
same
 Bond payable
Premium on bond payable
Loss on conversion Plug
Book Value Common stock
Market value
Plug APIC

value of conversion feature

value of conversion feature/利息不用那么高，剩余部分是value of conversion feature

PD non-cummulative declared/和pay无关
cummulative commulative in the period/和declare无关

greater of call price or par value)

nds in arrears

Original Issue Par value method

Dr. Cash
Cr. Common Stock cyc:
APIC-C/S G/L upon buy
Buy Back Above Issue Price back
Dr. Treasury stock
APIC-C/S
RE
Cr. Cash
Buy Back Below Issue Price
Dr. Treasury stock
APIC-C/S
Cr. Cash
APIC-T/S Plug
Reissue Above Purchased Price
Dr. Cash
Cr. Treasury stock
APIC-C/S
Reissue Below Purchased Price
Dr. Cash
Cr. Treasury stock
APIC-C/S
Retire of treasury stock
Dr C/S
Cr Treasury stock

finalized，不是announced
 ng interest%
le assets)*Noncontrolling interest% 包括可以识别的IA

diary's net assets

diary's net assets acquired

IFRS

例外 prior service costs already earned by employees are expensed

mall dividend(0-25%) Large dividend(>25%)
FMV of the stock RE par
par C/S distributable par
Plug
C/S distributable par
capital stock par

IFRS用enacted or substantilly enacted的税率US GAAP只用enacted 税率

han one interim period, such as property taxes,are allocated among the priords benefited

如果terminate了就从OCI-IS
ate)- Premium amortization or + discount amortization

ssue date开始amortize

Preliminary project state

Developed internally or obtained for

internal use only
expense
capitalized

Total capitalized amount*1/Estimated of

economic life

如果decide to sell, proceeds先apply to

carryintg amount之后再确认收入
cost revevery system----revenue

IFRS
Cost model
Revaluation model 每期末调整完FV后要按新的FV按剩余年限amortization
Revaluation loss I/S
Revaluation gain OCI
Impariment AOCI到0--I/S

Research expense/development capitalization

IFRS

每个CGU的CV和Recoverable amount比，若小则把
diffrences分配到GW,之后再分配给其他asset
如果没有别的用途，就在当期全部费用化
ing of sub+Sub income*% controlling

IFRS

compensation arrangement

allowance for bad debts

US GAAP不用披露
Bad debt expense/write-offs of debts

cash or cliam to cash

DTA DTA-Valuation allowance

Deferred tax asset Deferred tax asset
Income tax expense-current Income tax expense-current
Income tax payable Deferred tax asset valuation allowance
Income tax benefit-deferred Income tax benefit-deferred
Income tax payable

rent receive advance, current,asset

start-up cost, noncurrent, asset

income tax expense/benefit-deferred

根据期初数和期末数plug出来

IFRS
 Noncurrent
只有1.有legally enforeable right to offset 2.DTA和DTL是被同一税务机关征收。才能net

carrying forward
20年
Deferred tax asset
Tax benefit
Deferred tax asset valuation allowance

Reverse

Plug

compensation expense不受影响

e照样计提，不受影响，也不冲回

260-10-55-68

718-10-35-3

S/E增加
 这一部分是要capitalization的

nterest,则capitalize所有贷款的利息

asset given up

ven up) 不含cash

算gain or loss不含cash
ven up) 不含cash

算gain or loss含cash

benefit obligation payable in the next 12 month exceeds the fv of the plans's asset

IFRS
I/S
OCI

FV of asset transfer 1.restate property to FV

2.distribute
 Short-sell
Year end

Long-buy
Year end

Transfer of Equity Modification of terms

Note Payable Note Payable
Interest Payable Interest Payable
Common Stock Note Payable
Gain on restructuring(Carrying
APIC amount of payable-Total future
cash payments)
Gain on restructuring(Amount owend-
FV of equity)

IFRS
Cash
Discount 变

Bond payable

annually 60 large accelerated filers 75 accelerated filers

quaterlly 40 large accelerated filers 45 accelerated filers
annually
annually
semi-annually
TBD
enres 大于10%的持股
Entity specific
 Requirement of Annual FS
US GAAP IFRS
2 2
3 N/A
3 2
N/A 2
3 2

om operating activities
结转到revenue
 一般不record，但满足下面条件就确认expense和revenue
ance a nonfinancial asset or
skills are required and posseessed by the donor
ded by the organization
me taxes;Equity in earnings and losses of unconsolidated subsidiary
n the period/和declare无关

c:
L upon buy
ck
declaration

distribution
90 other summary of financial data,MD&A, audited FS
45 accelerated finterim period MD&A, unaudited FS, certain disclosue

summary of financial data,MD&A, audited FS

interim period MD&A, unaudited FS, certain disclosue