Borrow: management fee
Loan: wages payable to employees.
When an enterprise provides dismissal benefits to employees, the employees' salary liabilities arising from dismissal benefits are directly included in the current profits and losses. According to the standards, enterprises should reasonably estimate and confirm the wages payable to employees due to dismissal benefits in accordance with the provisions of the dismissal plan.
Enterprises should make corresponding accounting treatment, debit "management expenses" and credit "payable employee salaries". Because the dismissed employees no longer bring future economic benefits to the enterprise, when the dismissal plan meets the conditions for confirming liabilities, all dismissal benefits should be included in the current expenses and not included in the cost of assets.
Extended data:
The main impact of the new accounting standards:
The new accounting standard cancels the LIFO method, allows some inventory borrowing costs to be capitalized, and the procurement costs of commodity circulation enterprises are included in the inventory cost, stipulating that low-value consumables and packaging materials can only be amortized once or evenly.
The revision of inventory standards more truly reflects the circulation of enterprise inventory, which is beneficial for users of accounting information such as enterprise management and taxation to make decisions according to the use and circulation of inventory, and pays more attention to reflecting the long-term operation of enterprises. The change of inventory standard leads to the increase of inventory and operating profit in a short time for enterprises that adopt LIFO method, long production cycle, large inventory and low inventory turnover rate.
Financial assets are reclassified into four categories, which are measured by the fair value method and the effective interest rate method respectively, and their impairment reversal is strictly controlled. The change of financial instruments in the new accounting standards has greatly changed the data of the current financial statements of enterprises, which has caused great changes in the profits of enterprises in a short period of time.
For trading financial assets, the change of profit depends on the trend of stock price. However, the available-for-sale financial assets greatly increase the owner's equity, and the holding investment will also bring about the improvement of current income when it is sold in the future.
Baidu Encyclopedia-New Accounting Standards