CFA一级知识点大剖析之FSA（三）

　　4.   收入的确认方法补充
　　1)  Under U.S. GAAP
　　对于long term contract，可以选用POC和CC——此处定为考点，请重点掌握
　　对于short term contract，可以选用一手交钱，一手交货；installment sales或者是cost recovery
　　2)  Under IFRS
　　对于long term contract，只有POC
　　那么如果遇到长期合同，与美国准则下CC相似的情况，在国际准则下选用收入的确认不超过成本，最后才确认毛利
　　其它与美国准则一样
　　3) 那么installment sales和cost recovery如何区分
　　假如：ABC firm considered the initial investment by the buyer was not substantial enough to warrant full recognition of the gain.
　　If  the recovery of cost is assured if default.也就是说就算是default，公司也能确认cost是可以recovery的。所以题目中有这样的描述就是installment sales；
　　如果没有这样的描述，那么就是cost recovery。Cost recovery较谨慎。例：Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. On June 15, 2007, a short term agreement was entered in to sell the property and automatic equipment of ABC firm for USD 100,000. As the result of this sale, the subsidiary will no longer offer sales of title insurance or real estate closing servicing. ABC firm considered the initial investment by the buyer was not substantial enough to warrant full recognition of the gain. However, the recovery of the cost of the property is reasonably assured if the buyer defaults. Which of the revenue recognition method will be the most appropriate?
　　用installment sales method
　　5. FCFF的计算
　　考试时请看清题目中给的提示：如果是在IFRS下，题目中又说了，int. exp不是作为CFO的，那么在公式中就不需要加int（1-t）