The subject of "other creditor's rights investment" replaced the creditor's rights investment part of the subject of "available-for-sale financial assets" in the original standard.
"Other creditor's rights investment" is listed in the financial statements in three ways:
1. "Other creditor's rights investment": it reflects the ending book value of long-term creditor's rights investment classified by enterprises at fair value on the balance sheet date and its changes are included in other comprehensive income.
2. "Non-current assets due within one year": the ending book value of long-term debt investment due within one year from the balance sheet date.
3. "Other current assets": the ending book value of debt investment measured at fair value, whose changes are included in other comprehensive income and whose maturity is within one year.
The subject of "other equity investment instruments" replaced the stock investment part of the subject of "available-for-sale financial assets" in the original standard.
Only the report items listed in "Investment in other equity instruments" are consistent with the account name.
What assets are financial assets?
When it comes to "financial assets", you will naturally think of stocks, bonds, futures, trusts and other products that can only be played by elites who are "in high positions". In fiscal and taxation practice, are the definitions of tax treatment, accounting treatment and financial products in the securities market the same concept?
I. Provisions on value-added tax
Annex 1 Notice of the Ministry of Finance on Comprehensively Promoting the Pilot Project of Changing Business Tax to Value-added Tax in State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) (Caishui [2065438+06] No.36, hereinafter referred to as "Document No.36"): Annex of the Implementation Measures for the Pilot Project of Changing Business Tax to Value-added Tax: Notes on Sales Services, Intangible Assets and Real Estate The transfer of financial commodities refers to the transfer of foreign exchange, marketable securities and non-commodity futures.
The transfer of other financial commodities includes the transfer of various asset management products such as funds, trusts and wealth management products and various financial derivatives.
According to the Securities Law of People's Republic of China (PRC), securities include stocks, corporate bonds and other securities legally recognized by the State Council.
Two. Enterprise income tax regulations
Paragraph (2) of Article 4 of State Taxation Administration of The People's Republic of China Announcement on Improving the Management of Relevant Reports and Data in the Same Period (State Taxation Administration of The People's Republic of China Announcement No.2016 No.42) stipulates that financial assets include assets formed by accounts receivable, bills receivable, other accounts receivable, equity investment, debt investment and derivative financial instruments.
Three. Accounting regulations
"Guidelines for the Application of Accounting Standards for Business Enterprises No.22-Recognition and Measurement of Financial Instruments" stipulates that financial assets include:
1. Financial assets measured at fair value and whose changes are included in current profits and losses, including trading financial assets and financial assets directly designated as measured at fair value and whose changes are included in current profits and losses.
Trading financial assets include stocks, bonds, funds, etc. Enterprises buy from the secondary market in order to earn the difference.
Direct designation of financial assets measured at fair value and whose changes are included in current profits and losses refers to the designation of enterprises based on risk management and strategic investment needs.
2. Held-to-maturity investment: refers to assets that meet the conditions of held-to-maturity investment, such as fixed-rate government bonds and floating-rate corporate bonds purchased by enterprises from the secondary market.
3. Loans and receivables. Refers to loans issued by financial enterprises and receivables formed by general enterprises selling goods or providing services.
4. Available-for-sale financial assets refer to financial assets that are not classified as measured at fair value and whose changes are included in current profits and losses, financial assets with held-to-maturity investments, loans and receivables. For example, stocks, bonds and funds quoted in an active market are not financial assets measured at fair value and their changes are included in current profits and losses, or financial assets such as held-to-maturity investments can be classified into this category.
Fourth, the provisions of the CSRC.
Article 4 of the Regulations on the Administration of Financial Products Consigned by Securities Companies (Announcement No.34 of the CSRC [20 12]) stipulates that, except those prohibited by laws, administrative regulations and relevant state departments, securities companies may consign all kinds of financial products issued in China and approved or filed by relevant state departments or their authorized institutions.
The CSRC has not clearly defined the specific types of wealth management products. At present, all kinds of financial products that need to be approved or filed by relevant state departments or their authorized institutions include stocks, bonds, funds, trust plans, asset management plans, etc.
What are the financial assets available for sale now? Therefore, according to the actual types of financial assets available for sale, their names in the new standards are different. When dealing with the accounts of available-for-sale financial assets, if you are in doubt about the accounting entries under the new standards, you can refer to the changes introduced in this article when you don't know how to enter them.