TAILIEUCHUNG - Financial Training Course Financial Accounting_1

Tham khảo tài liệu 'financial training course financial accounting_1', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 208 Part 2 Financial reporting in practice The identification of assets An asset3 is defined as Rights or other access to future economic benefits controlled by an entity as a result of past transactions or events. Para. 2 While in the context of an asset control is defined as The ability to obtain the future economic benefits relating to an asset and to restrict the access of others to those benefits. Para. 3 Although the existence of future benefits is an essential criterion for the identification of an asset it is not implied that the asset should be valued by reference to those benefits although the present value of the asset s expected future benefits will provide an upper limit to its carrying value. All assets carry some risk and the allocation of that risk between the various parties to a transaction will usually be a significant indication of whether the transaction has resulted in the acquisition or disposal of an asset. Risk is the potential variation between the actual and expected benefits associated with the asset and includes the potential for gain as well as exposure to loss. Normally the party that has access to the benefits also has to face the risks and in practice the question of whether an asset should be identified is often dependent on an assessment of where the risk falls. Control in this context is related to the means by which an entity ensures that the benefits accrue to itself and not to others and must be distinguished from the day-to-day management of the asset. Although control normally rests on the foundation of legal rights the existence of such rights is not essential as commercial or even moral obligations may be significant factors. The existence of an asset depends on a past and not a future event. Thus in straightforward transactions it is easy to draw a distinction between a right to immediate control over future economic benefits and a right to acquire such control in the future. Both rights can be regarded as creating assets

TÀI LIỆU LIÊN QUAN
TỪ KHÓA LIÊN QUAN
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.