will inevitably cause some doubts during the process of learning intermediate accounting professional title examination . In order to help everyone learn more efficiently, Ashijiang sorted out the common problems that students had and gave detailed answers to their questions. The following is the essence of the Intermediate Accounting Practical Questions and Answers about Intermediate Accounting Title. I hope it will be helpful to everyone!
号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号号�
Why is the fair value of 5500 on the day of reclassification used?
Answer:
Reclassification of financial assets measured at fair value and its changes are included in the current profit and loss
(1) Trading financial assets are reclassified as debt investments, and their fair value on the date of reclassification shall be used as the new book balance.
General accounting entries are:
Administrative accounting entries are:
If a financial asset measured at fair value and whose changes are included in the current profit and loss, the enterprise shall determine its actual interest rate based on the fair value of the financial asset on the date of reclassification. At the same time, an enterprise shall apply relevant provisions on impairment of financial assets to the financial assets from the date of reclassification, and regard the reclassification date as the initial confirmation date.
