The difference between China and the United States is urgent and urgent, and 30 points are added!! O

Bourgeoisie; Communist. I felt very irresponsible when I hit here, so I went to the library to find a few even more irresponsible:

I don't want extra points, I just hope to help in my small way.

1. General introduction of U.S. accounting standards:

Each state in the United States has more detailed bills, and the U.S. GAAP was finally confirmed in 1933 in accordance with the amendments made by the Securities and Exchange Commission.

2. The common denominator of Chinese and American accounting standards: consistency and continuity.

3. Differences between Chinese and American accounting standards:

1. Accounting period: December 31 of each year in China is the deadline for the accounting year of the current year.

The accounting period is determined at its own discretion.

2. Bookkeeping: Chinese Chinese or use two languages, one must be Chinese. The base currency of the accounting is RMB, and the statement is converted into RMB.

United States dollars, euros or any other currency, at the sole discretion of the company.

3. Consolidated Spread of Consolidated Statements: China The consolidated spread is recorded as the equity investment difference or as the capital reserve, and cannot be offset against the consolidated spread.

United States Recorded in goodwill, not amortized, impairment provision is made.

4. Start-up expenses: China collects first, and records profits and losses once after opening.

The United States goes directly into the profit or loss when it occurs.

5. Cash flow: China direct method, indirect method supplement.

The United States can choose either the direct or indirect method, and the direct method also provides non-cash factors.

6. Investment: China is divided into long-term and short-term investment according to liquidity.

U.S. by Equity, Debt: 1) Holding to Maturity**: Purpose.

2) Tradability**: Purpose and liquidity.

3) Used for ****: active, frequent trading.

If it is not possible to confirm the expiration of ** is defined as for **.

4. Revenue recognition: 1. There is convincing evidence, such as sales contracts, orders, etc.

2. The goods have been sold or the services have been provided.

3. Fixed or pre-determined decision-making methods.

4. Reasonably guarantee the recovery of payment.

Example: Party A sells goods to Party B, because Party B has no space to stack the goods. If the goods are in Party A, Party B shall designate a storage location and store them separately, and Party B shall be responsible for the loss liability, and Party A shall confirm the income.

The seller has repurchased the goods with special **: revenue is deferred to the actual payment when conclusive evidence of the sale.

Installation test, installation is an important part of the sales behavior, and the revenue can only be recognized after the customer signs the receipt order; It is not very important that the installation is small, the materials, installation costs can be reliably measured, and the income before installation can be confirmed.

5. R&D expenses.

United States: 1) Software used for **

The main procedures, plans, designs, programming, testing processes, and expenses of software products.

Capitalization refers to the expenses incurred between the marketization of the main program.

2) Own software.

Initial stage: multiple ideas, better possibilities, select technology research and development.

Expensed application development phase: Capitalization (distinguish between the initialization phase).

Later stage: maintenance and renewal of operational functions, expense, if it can create additional income for the enterprise, capitalization.