中级财务会计(双语)第7章.ppt

Chapter 7 Investments
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Investment classification
The investor lacks significant influence over the investee:
投资方对被投资方缺乏重大影响
Equity ownership (持有股权) < 20%
The investor has significant influence over the investee:
投资方对被投资方具有重大影响
20%≤ equity ownership ≤ 50%
The investor controls the investee:
投资方控制被投资方
Equity ownership > 50%
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Case study
P319 E7-1
P320 E7-4
P321 E7-7
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Investment classification
The investor lacks significant influence over the investee:
Equity ownership < 20%
Held-to-maturity (HTM) securities
持有至到期投资
Trading securities (TS)
交易性证券
Securities available-for-sale (AFS)
可供出售的证券
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Held-to-maturity securities (HTM)
What is HTM securities?
Investments in debt securities for which the investor has the “positive intent and ability” to hold to maturity.
投资者有“明确的意图和能力”持有至到期的债券投资。
Hold to maturity: investor will not sell the investment before maturity date.
Debt securities: HTM securities only refer to bonds.
Because stocks do not have maturity date.
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Trading Securities (TS)
What is Trading Securities (TS)?
Trading securities are actively managed in a trading account for the purpose of profiting from short-term price changes.
交易性证券在一个交易账户中得到活跃的管理,其目的是为了从短期的价格变化中获利。(以短期投机为目的)
Actively managed: frequently buy and sell securities.
Expect to earn profits on short-term differences in price
Trading securities can either be bonds or stocks. 交易性证券可以是债券或股票。
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Securities Available-for-Sale (AFS)
What is Securities Available-for-Sale (AFS)?
When pany acquires an investment, not for an active trading account or to be held to maturity, pany classifies its investment as AFS securities. 当公司取得一项投资,而这项投资既不是以投机为目的进行经常性的买卖,也不将持有至到期时,公司把这项投资归为“可供出售的证券”。
AFS securities can either be bonds or 。
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Four events in investment
In investment, we mainly talk about “four events”: 投资中的“四个事件”
Purchasing the