For candidates who choose to take the 2021 Junior Accounting Examination, you can now start planning the learning tasks for each junior accounting subject next year. Although the new 2021 Junior Accounting textbooks have not yet been released, you can still review them temporarily. As for the test content, today, Deep Space Network will explain to you in detail the knowledge points of "acquisition and amortization of intangible assets".
Today's core test points
"Elementary Accounting Practice" high-frequency test points: acquisition and amortization of intangible assets
Mind map of core test points
Overview of high-frequency test points
Intangible assets refer to identifiable non-monetary assets that have no physical form owned or controlled by an enterprise. They have three main characteristics: they do not have a physical form, they are identifiable, and they are Non-monetary long-term assets. Intangible assets include: patents, non-patented technologies, trademarks, copyrights, franchises and land use rights, etc.
1. Acquisition of intangible assets
Intangible assets shall be initially measured according to cost:
(1) For purchased intangible assets, the cost includes the purchase price, Relevant taxes and other expenses directly attributable to the asset before it reaches its intended use.
(2) Expenditures incurred on internal research and development projects of an enterprise should be distinguished between expenditures in the research phase and expenditures in the development phase. Expenditures in the research phase shall be included in the current management expenses; if the development phase expenses meet the capitalization conditions, they shall be recognized as intangible assets; if they do not meet the capitalization conditions, they shall be included in the current management expenses.
2. Long-term deferred expenses
(1) Long-term deferred expenses refer to the amortization period of more than one year that has been incurred by the enterprise but should be borne by the current and subsequent periods. Various expenses.
(2) Accounting processing
① Long-term deferred expenses occur
Debit: Long-term deferred expenses
Taxes payable ——VAT payable (input tax)
Debit: raw materials/bank deposits, etc.
②Amortization of long-term deferred expenses
Debit: administrative expenses/ Sales expenses, etc.
Loans: long-term deferred expenses