Non-monetary asset exchange refers to the exchange of non-monetary assets such as fixed assets, intangible assets and long-term equity investments between the parties to the transaction. This exchange generally does not involve monetary assets, or only involves a small amount. Monetary assets are premiums.
The non-monetary asset exchange described in the non-monetary asset exchange standards is a reciprocal transfer between enterprises, mainly in the form of non-monetary assets. That is, an enterprise must pay its own price to obtain a non-monetary asset. Non-monetary assets owned as consideration rather than a one-way non-reciprocal transfer.
Its characteristics are as follows: 1. The transaction objects of non-monetary asset exchanges are mainly non-monetary assets; (The items listed on the balance sheet that are non-monetary assets usually include: inventories (raw materials, packaging, low-value consumables, inventory goods, entrusted processing materials, entrusted sales of goods, etc.), long-term equity investment, investment real estate, fixed assets, construction in progress, engineering materials, intangible assets, etc.)
? 2. Non-monetary asset exchange is the act of exchanging non-monetary assets;
? 3. Non-monetary asset exchange generally does not involve monetary assets, but sometimes it may involve a small amount Monetary assets. (The proportion of the monetary assets paid to the fair value of the assets exchanged (or the sum of the fair value of the assets exchanged and the monetary assets paid), or the monetary assets received to the fair value of the assets exchanged (or the proportion of the fair value of the assets exchanged in) If the ratio of the sum of the asset's fair value and the monetary assets received) is less than 25, it is regarded as a non-monetary asset exchange; if it is higher than 25 (including 25), it is regarded as a monetary asset exchange)
Supplementary note: There is ambiguity in academic circles as to whether prepaid accounts are non-monetary assets, but most of them tend to be non-monetary assets, such as "Intermediate Financial Accounting" edited by Ge Jiashu, and "Easy Pass" edited by Zhang Zhifeng 1. Accounting" etc. The reason why prepaid accounts are considered to be non-monetary assets is as follows: "Prepaid accounts are the payment made by the enterprise to the raw material supplier. It will pass through the enterprise's prepaid accounts, raw materials, products in progress, finished goods, etc., and finally through the processes of production. products are compensated, so prepaid accounts, like inventory, are non-monetary assets of the enterprise"
Example:
For Company A, among the following transactions , what should be recognized as non-monetary asset exchange for accounting treatment is (?).
? A. Company A exchanges a batch of finished products for a car from Company B
?B. Company A exchanges its 20% stake in Company C (which has significant influence) for a car from Company B A batch of raw materials
?C. Company A exchanged a bank acceptance bill of 22 million yuan receivable from Company D for an office building of Company B
?D. Company A exchanged a bank acceptance bill of 22 million yuan receivable from Company D The patent rights are exchanged for a non-patented technology of Company B, and the premium is collected in bank deposits. The premium received accounts for 30% of the fair value of the patent rights exchanged
Answer B
Analysis options A. If an enterprise exchanges inventory for fixed assets, intangible assets, etc. of other enterprises, the enterprise that exchanges the inventory shall apply the provisions of "Accounting Standards for Business Enterprises No. 14 - Revenue" for accounting treatment. Option C, the bank acceptance bill is an asset exchanged for monetary assets; Option D, the assets exchanged are all non-monetary assets, but the premium ratio involved exceeds 25.