Regarding the accounting of income, what is the definition of accounting income

Well, the analysis is wrong, the degree of completion should be calculated in proportion to the cost.

The modification is as follows: completion progress = 378 (378 + 252) = 60%, contract income to be recognized = 600 60% = 360 (10,000 yuan), the contract cost to be recognized is 3.78 million yuan, the expected loss of the contract to be recognized = (378 + 252-600) (1-60%) = 12 (10,000 yuan), total profit = 360-378-12 = -30 (10,000 yuan).

At the end of the year, the balance of "engineering construction - contract cost" was 3.78 million yuan, the balance of "engineering construction - contract gross profit" (credit) = 378-360 = 18 (10,000 yuan), the balance of the "account of inventory decline provision" was 120,000 yuan, and the balance of the project settlement account was 3 million yuan, and the balance of engineering construction 360 was higher than that of project settlement 300 60

The balance 48 after deducting impairment losses12 shows inventory items in the balance sheet.

The amount shown in the "inventory" item of the balance sheet = 360-12-300 = 48 (10,000 yuan).

Hello, the agency construction project can not be placed in the inventory, and the accounting statements used in the construction industry are different, generally using the two subjects of "construction and installation engineering" and "investment to be amortized". The so-called inventory is an asset, but the project does not belong to your assets, because the completion of the project is to be delivered to others, which is only counted in the accounts receivable and pre-received accounts at most.

The definition of the accounting element of "income" is: income refers to the total inflow of economic benefits formed by the enterprise in its daily activities, which will lead to an increase in the owner's equity and have nothing to do with the capital invested by the owner.

In the following items, those that meet the definition of revenue accounting elements are: a**material income; b**Net income from intangible assets; c**Net income from fixed assets; dThe amount of output VAT collected from the purchaser.

Answering A is the one that meets the income element. Answer: None of the BCDs meet the definition of an accounting element of "income", and none of them are income generated in the daily activities of the enterprise, which does not lead to an increase in owners' equity.

Hello, your entries are processed correctly, but the answer needs to look at the requirements of the question, and the final question is "the impact of the sales business of Company A on the relevant items of the financial statements, there is a correct one", since it is a financial statement, then the financial statement involving "long-term receivables" is the "balance sheet".

Since there is only a "long-term receivables" item and no "unrealized financing gains" in the "Balance Sheet" item, when the "unrealized financing gains" are filled in the "Balance Sheet", the amount of "long-term receivables" should be directly offset before filling in; Unrecognized financing charges are directly offset against long-term payables on the balance sheet, so the final balance of long-term receivables reflected on the balance sheet should be 4,500

Good luck with your studies!

I copied it, you can refer to it.

The contract or agreement clearly stipulates that the sale of goods requires a deferral of the payment of the price, which is essentially of a financing nature.

, the amount of revenue from the sale of goods shall be determined according to the fair value of the contract or agreement price receivable (usually the present value of cash sales** or future cash flows); The difference between the contract or agreement price receivable and its fair value shall be included in the profit or loss (financial expense) for the current period in accordance with the amortized cost of the receivable and the effective interest rate calculated and determined during the contract or agreement period. Reference Accounting Entries:

Debit: 5000 long-term receivables

Credit: main business income 4500

Unrealized financing gain 500

Borrow: the cost of main business is 3800

Credit: 3800 goods in stock

According to China's "Accounting Standards for Business Enterprises", China's enterprises all adopt the accrual system, but China's administrative units still generally use the cash system.

Under the accrual basis, all gains and expenses realized in the current period should be recorded as income and expenses in the current period, regardless of whether the payment is received or paid. Income and expenses that are not for the current period shall not be recorded as income and expenses for the current period, even if they have been received and paid in the current period. So I think revenue recognition should be at the time of billing.

Hello classmates, I'm glad to answer for you!

The CPA certificate is a necessary certificate for practicing CPA, with the certificate, you can only sign after becoming a practicing member, if you don't want to develop in the auditing industry, you can also go to the enterprise to be a financial manager or financial director, but you can't conduct a visa audit.

The salary of a certified public accountant is generally the basic salary of the firm + the relevant business commission. The basic salary of a general firm is the average salary level in the region (a very common level), and the CPA mainly relies on the relevant business commission, and now the commission ratio of each firm is also different, from 10+% to 20+%, and the total amount of business taken over by each CPA each year is different.

There are also different personalities of each certified public accountant, some people work hard to get commissions, and some people feel that the money is enough, so they would rather rest. There is also whether it can take over major business is also a consideration indicator, similar to the current IPO of enterprises, the restructuring of listed companies, etc., the amount involved in these businesses is quite large, and the corresponding commission amount is also huge.

Gordon wishes you a happy life!