An overview of the property gains and losses to be processed.
There are two main types of property gains and losses to be disposed of: losses and surpluses of current assets to be disposed of and losses and losses and losses of fixed assets to be disposed of. These two types of gains and losses usually arise from property inventory discrepancies, accidental losses, scrapping and liquidation, etc., and have not yet been finalized and confirmed or the relevant accounting treatment has not been completed.
According to China's original enterprise accounting system, when preparing the balance sheet:
1.The net loss on current assets to be disposed of and the net loss on fixed assets to be disposed of appear as separate asset class items. If the secondary account of "Pending Current Asset Loss and Loss" or "Pending Fixed Asset Loss and Loss" to which the "Property Loss and Excess to be Disposed of" account belongs is a debit balance at the end of the period, a positive value should be entered in the corresponding column; In the case of credit balances, they are presented as negative.
Principles of treatment under the new accounting standards.
With the development and update of accounting standards, the current accounting standards for business enterprises emphasize timeliness and accuracy
1.The new standard requires enterprises to identify the reasons for property gains and losses before the end of the period and carry out accounting treatment as soon as possible to avoid the balance of the "pending property loss and loss" account at the end of the period. This means that companies should verify, approve and account for property gains and losses as soon as they are discovered, and try not to leave outstanding matters at the end of the period.
2.For the gains and losses of property to be disposed of that cannot be disposed of in a timely manner at the end of the period, a separate item is no longer set up for listing, but the losses and losses of current assets to be disposed of should be reflected in the item of "other current assets" or "other current liabilities" according to the nature of the liquidity, and the corresponding assets or liabilities may be increased or decreased according to the specific circumstances; The loss and excess of fixed assets to be disposed of should be reflected in the item of "other non-current assets" or "other non-current liabilities".
Fill in the steps in detail.
1.*Pending Loss and Excess of Current Assets**: If there is a debit balance at the end of the period, indicating that there is an unprocessed profit or loss to be compensated, etc., it can be filled in the item of "Other Current Assets"; In the case of credit balances, reflecting inventory losses or other losses to be written off that have not yet been written off, "other current assets" or "other current liabilities" should be entered as a negative value or as the opposite of deferred income.
2.*Pending loss and excess of fixed assets**: Similarly, if the debit balance at the end of the period, indicating the increase in fixed assets with a profit or unreimbursed, it should be entered as "other non-current assets"; If it is a credit balance, it represents a loss on fixed assets or a loss to be scrapped and liquidated, which should be reflected in "other non-current assets" or as a component of "other non-current liabilities" at a negative value.
To sum up, enterprises need to follow the provisions of accounting standards to ensure the true reflection and timeliness of the statement information in the balance sheet of property gains and losses. At the same time, for special circumstances in continuing operations, financial personnel should flexibly apply accounting principles to reasonably classify and present these temporary property changes, so that users of the statements can accurately understand the financial status and operating results of the enterprise.