In the section on special rental business, the second type of special business is called:"Accounting for financial leases by producers or distributors".
In these years, the cook didn't look at the recipes, but instead looked at Sun Tzu's Art of War;
Manufacturers don't honestly sell screw-making equipment in factories to make money, and they make interest differences.
Why? Because of gluttony.
Why can your financial institution go in and out of the CBD all day long in suits and leather shoes, and the beautiful women in the fragrant cars are drunk with money, use my equipment, ** rent it to my customers, empty gloves and white wolves earn interest differences, and eat with a mouth full of oil?
And I can only face the loess with my back to the sky, and spend all day in the border line of the city, production lines, and factories, and I don't make a few money, and I am disgusted by others.
What's more, after the customer rents equipment from your financial institution, he will scold me with a sentence of "profiteer, this equipment is really expensive".
You take all the benefits, and I will be scolded for all of them?
Is the metalogic of this world bullying honest people?
I'm honest enough to dig up your ancestral grave???
I'm red-eyed, I'm red-eyed, I'm so red-eyed.
Q*** financial leasing agency, I have equipment, and there are customers who want to buy my equipment, and I know which customers are short of money and can only rent, why don't I go on it myself?
At the end of the universe is finance.
I'm going to take a bite of this piece of fat too.
Honest people, oh no, it doesn't matter if the producer rises, but it hurts our accounting.
It is difficult to be a producer, it is even more difficult to be an accountant for a producer, and it is even more difficult to be an accountant for a producer who wants to transform the financial business.
One of the primary problems facing our accountants is how to deal with the new business that the boss wants to carry out.
In fact, the core of business lies in transactions, and the core of transactions lies in two points:
1.Earned returns.
2.The price to pay.
Accounting standards are defined by a dizzying array of terms, how returns are measured, and how costs are measured.
For financial leasing, the return obtained is the rent collected in the future;
The price to be paid is to lease the value of the asset to someone else.
Insert:
The initial direct costs and the unsecured residual value are not mentioned here because they are a drop in the bucket compared to the rent collected in the future and the value of the assets leased to others.If you are a financial institution, the guidelines require you to do the following:When learning new knowledge points, the most important thing is to grasp the big and let go of the small, understand the core logic, and then gradually refine it, rather than grabbing the eyebrows and mustaches at the beginning, and eventually losing the watermelon and the sesame seeds.
The core of this article is to understand the overall logic, and we will talk about the details in the next part.
The return is recognized as accounts receivable, and the consideration is derecognized on the books, and the difference between the two is directly included in the profit or loss on asset disposal;
To express it in an entry, it is:
Borrow: Financial lease receivables (the present value of rent to be collected in the future).
Credit: Financial lease assets (fair value of equipment).
Gains and losses on disposal of assets (difference).
If you are a producer or distributor, the guidelines require you to do the following:
Recognize the return as accounts receivable and revenue at the same time, derecognize the consideration and carry forward the cost at the same time;
To express it in an entry, it is:
Borrow: Financial lease receivables (the present value of rent to be collected in the future).
Credit: main business income.
Borrow: Cost of main business.
Credit: Inventory of goods (book value of equipment, cost of production).
If you still have an impression of the previous knowledge points, you will suddenly find that the first way to deal with it is the net method, which does not recognize revenue or cost, and directly recognizes the profit or loss on asset disposal with the net amount of return-consideration;
The second way to deal with this is the gross amount method, where revenue is recognized and costs are carried forward.
They are all financial leases, why should one use the net method and the other use the total amount method?
Because the main business is different, because the amount of information that needs to be provided is different.
At its core, the gross method is to provide more accounting information:
I can not only know from the income statement how much I make by doing this vote, but I also know the total income I get and the total cost I pay from doing this vote;
The netting method is relatively simple and crude:
I can only see from the income statement how much net I made by doing this vote, and I don't know how much income I made or how much cost I paid.
For financial institutions, the reason why the net method is adopted is because people's daily business is to collect interest and earn interest margins, not to sell equipment or dispose of equipment.
For manufacturers and distributors, the reason why the total amount method is used is because it belongs to their daily business, they both ** equipment, but also lease equipment, and the interest difference is only earned in the financial leasing, not the main business.
To sum up, this is a story of the rise of an honest man, a story of an honest man beginning to taste the forbidden fruit, and a story of an honest man expanding the financial business on the basis of the production equipment business.
It's also a cool plot.
It's just that it's cool for honest people, and it's hard for honest people's accounting.
February** Dynamic Incentive Program