顺发恒业: 《会计政策》

Core Points - The company has established accounting policies to standardize accounting practices and ensure accurate financial reporting in compliance with relevant laws and regulations [1][2][3] - The accounting policies apply to the company and its subsidiaries, focusing on the recognition, measurement, and reporting of accounting elements [1][2] - The company adopts a historical cost basis for measuring accounting elements, with specific guidelines for foreign currency transactions and financial instruments [2][3][4] - The company recognizes revenue based on the completion of property sales and the provision of services, ensuring that economic benefits can flow into the company [32][33] Accounting Policies - The company uses the accrual basis for accounting, ensuring that transactions are recognized when they occur, regardless of cash flow [1][2] - The company measures financial assets and liabilities at fair value or amortized cost, depending on the classification of the financial instruments [4][5][6] - The company applies specific methods for inventory valuation, including cost and net realizable value, to determine any necessary write-downs [13][14] Financial Instruments - Financial assets are classified into categories such as fair value through profit or loss, held-to-maturity investments, loans and receivables, and available-for-sale financial assets [5][6] - The company recognizes financial liabilities at fair value upon initial recognition, with subsequent measurement based on their classification [6][7] - The company assesses financial assets for impairment, ensuring that any losses are recognized in a timely manner [9][10] Revenue Recognition - Revenue from property sales is recognized when the property is completed and accepted, while service revenue is recognized when the service is provided [32][33] - Government grants are recognized when conditions are met, and the company can receive the benefits [27][28] Lease Accounting - The company recognizes right-of-use assets and lease liabilities for leases, excluding short-term and low-value leases, measuring them at present value [29][30] - The company applies straight-line depreciation for right-of-use assets over the lease term [30][31] Employee Benefits - The company accounts for employee benefits, including salaries and social security contributions, based on statutory requirements and historical data [31][32] Investment Accounting - Long-term equity investments are accounted for using the cost method or equity method, depending on the level of control or influence [14][15] - Investment properties are measured at cost or fair value, with any subsequent expenditures capitalized if they enhance the asset's value [19][20]