Statements in C++ part 2

Input estimate – at the cost of their purchase. Commissions, plus any other eventual purchase costs are presented in the cost or as period expenses as the case may be.

In the event that they are provided as a contribution as equity are valued at the value specified in the agreement of contribution.

The cost of purchasing IASH varies depending on the way of buying and paying them.

Is purchased in exchange for shares or other securities commercial, then the cost of purchasing IASH will be as much as the value of exchange of issued commercial papers;

 It is bought by giving in exchange another asset, the purchase cost of IASH will be determined by referring to the exchange value of the given asset.

IASH in the letters of obligation appear:

 At the time of their maturity, or before the date of their maturity, when sold. Before the date of maturity emerge when: market price favorable or when there is need liquidity.

Exit on the maturity date is simply by returning the papers with value of liability

IASH in shares comes out when sold IASH are sold at market value. The difference between the net values of sales and the cost of purchasing them or the value carried over to accounting, constitutes the profit or loss realized. IASH are reflected in the balance sheet with one of the methods:

At amortized cost with market value; or

With the lowest between purchase cost and market value their on the balance sheet construction date (LCM).

If IASHs are reflected with LCM, the value carried should determine either on IASH in total or for I Ash categories, or on an individual basis, if for each type of IASH on its own.

Market value differences with IASH accounting value (when these valued at market value) will be systematized as income or period expenses.

They are the short-term active assets of the identifiable unit monetary, which have a material form, so they are embodied in a certain physical form (otherwise Inventory).

Inventories are the active ones of a unit:

 Held for sale in the usual business course; active in the production process for such sales; or

In the form of materials or supplies

Classification of inventories

Raw material and materials;

Goods for resale;

 Ready-to-sell products;

½ ½ products and production in process;

. Other inventory balance.

Input rating

On the event that they are provided as a contribution as equity are valued at the value specified in the agreement of contribution.

Inventories enter a unit when:

1 – Purchased by third parties

2 – They are taken in exchange for another asset or capital interest

3 – Get free

4 – Produced by the unit itself

General principle of valuation – input is estimated at cost of their insurance = purchase costs, processing costs and other direct costs

1. Inventories purchased by third parties are valued at entry with purchase cost. (Purchase price + direct related costs with the purchase to the destination where the goods are available for sale): These costs include transportation, taxes and non-refundable, purchase discounts, customs fees

When taken in exchange for another similar asset = value fair value of the asset received in return.

-When there is an active market for inventory taken as fair value is market value at the time of exchange

-When there is no market for the inventory obtained- the fair value of is used given inventory

-When there is no active market for any inventory- The fair value of

Other similar inventories.

When the Inventory is obtained as a result of the external contribution of owner – the cost of the examination will be taken as a cost.

3. When taken from state subsidies or donations = as a cost in Introduction will be their fair value at the moment and / or the possible value of their use or the fair value of similar inventories.

 The inventories produced by the unit itself are estimated at the cost of their production plus directly or indirectly related costs with inventory production.

Other costs when entering Inventories – are included in the cost alone to the extent that they occur for the conduct of inventories in the country and current sales conditions.

They are not included in the cost of inventory at the time of their entry but are included in the costs of the period:

Abnormal quantities of materials consumed, labor or costs other production;

Storage costs, if these costs are not required in the production process before the further production stage.

 General administrative costs that do not contribute to bringing inventory to the site and current sales conditions; and Sales Costs.

The cost of the loan taken for the production of Inventories usually not included in the inventory cost.

When inventory production exceeds the period of 12 months then loan costs can be capitalized on inventory cost during the production process.

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Statements in C++

Wed Apr 1 , 2020
Output estimation – is done at the cost of purchasing them or at cost of production, in those cases where their cost does not change long exercise period. (Specific identification method) 36 For inventories, the cost of purchasing and producing them varies during the exercise period, an assumption is made […]

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