When candidates study the knowledge of non-current assets (2) of the tax accountant's "Finance and Accounting" subject, there are many parts that they do not understand, but this content is the focus of the exam, and candidates should focus on it. Next, let’s follow the Deep Space Network to learn related high-frequency test points!

High-frequency test point 1: Accounting treatment of debt investment

Key point: It is necessary to be able to calculate the amortization of premium and discount

(1) Initial measurement

1. Measured as the sum of fair value and transaction costs. (Among them, transaction costs are accounted for in the "Debt Investment - Interest Adjustment" account)

2. The actual payment includes interest that has not been collected by the interest payment period and should be separately recognized as an item receivable.

(2) Holding period

During the holding period, interest income from debt investments shall be calculated and recognized based on the amortized cost and actual interest rate, and included in investment income. The actual interest rate should be determined when the debt investment is obtained and remain unchanged in subsequent periods.

(3) On the balance sheet date, debt investment shall be measured at amortized cost

The amortized cost of debt investment refers to the initial recognized amount of debt investment after the following adjustments Result:

1. Deduct the repaid principal.

2. Add or subtract the accumulated amortization amount formed by amortizing the difference between the initial recognition amount and the maturity amount using the effective interest method.

3. Deduct accumulated loss reserves.

(4) When disposing of a debt investment

The difference between the price obtained and the book value of the investment shall be recognized as investment income.

High-frequency test point 2: Accounting treatment of financial assets measured at fair value and changes included in other comprehensive income

Key points: Note that when derecognition, other comprehensive income accounts Differences in treatment

1. Other debt investments: Accumulated gains or losses previously included in other comprehensive income should be transferred out of other comprehensive income and included in the current profit and loss.

2. Investment in other equity instruments: Accumulated gains or losses previously included in other comprehensive income should be transferred out of other comprehensive income and included in retained earnings.

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