Accounting entries for purchasing wealth management products
If enterprises apply the new accounting standards, wealth management products pass the accounting of "transactional financial assets"; If the enterprise still applies the original accounting system, wealth management products pass the accounting of "short-term investment".
1, new accounting standards to obtain wealth management products.
Debit: Transactional Financial Assets-Cost
Loans: bank deposits
2. Recognition of income
Borrow: interest receivable
Loan: investment income
3. Get the principal and interest at maturity.
Debit: bank deposit
Loan: investment income (if losses occur, the investment income will be debited).
Transactional financial assets-cost
What are transactional financial assets?
Transactional financial assets mainly refer to financial assets held by enterprises for recent sale, such as stocks, bonds and funds purchased by enterprises from the secondary market for the purpose of earning price difference. Trading financial assets are measured at fair value.
Financial assets that meet one of the following conditions shall be classified as trading financial assets: (1) The main purpose of obtaining financial assets is to sell or buy back or redeem them in the near future. (2) It is a part of the identifiable financial instrument portfolio under centralized management, and there is objective evidence that the enterprise recently managed the portfolio through short-term profit. (3) It belongs to financial derivatives. However, derivatives designated as effective hedging instruments by enterprises belong to financial guarantee contract derivatives, except those linked to equity instrument investments that are not quoted in an active market and whose fair value cannot be reliably measured and must be settled through delivery of equity instruments.
is it safe?