Analysisofdebtrestructuringofthedebtclaimsofbothnetwork-毕业论文翻译

1、An alysis of debt restructuri ng of the debtclaims of both n etworkWrite papers n etwork:Abstract: In February 2006the latest promulgati on of the debt restructuri ng will be a new definition,this paper, the different forms of debtrestructuring,debt claims on both sides described theimpact an alysis

2、proposeddebt restructuri ngin thetreatme nt situati on of the measures to be take n.Keywords: debt restructuri ngdebt claims anIntroduction,“Accounting Standardsfor Enterprises No.12 - Debt Restructuri ng debt restructuri ng is defi ned as follows: in the debtor s financial difficulties, the credito

3、r and the debtor in accorda nee with its agreeme nt or court decisi on to make con cessi ons on matters.From the above con cept, we can see, to form adebt restructuring, we must satisfy two conditions:First,the debtor can not have cash flow problems have led to conditions of time and according to th

4、e original debt; Second, creditors agree to the debtor for less than theivalue of the book value of debt repayment in the debt restructuri ng,creditors made con cessi ons,rights andin terests in the assets, there is a loss, while the debt side has received the corresp ondingben efits.This raises anu

5、 mber ofcompa niesto ben efit through debtrestructuri ng;also means that some Origi nallyin solve ntcompa ni es, once the debt is part of the exempti on, a listed compa ny may gain a great deal, can greatly enhance the listed company s earnings per share level of debt claimson both sides to their co

6、m mon in terests, there may would join hands to manipulate profits to turn around for the purpose of debt restructuri ng process.Second, the way a debt restructuring. to assets in satisfaction of the debt for less than the cash settleme nt.At this point, the acco unting treatme nt of corporate debt

7、are as follows:By: Acco unts Payable XXCredit: Cash or bank deposit XXXX-operati ngin comeAccountingtreatmentof corporate debt are as follows:By: Cash or bank deposit XXOperatingexpenses XXCredit: Accounts receivable XX This situationis oftenthe smaller amount of debt for debt restructuri ng.Whe nth

8、e cash to pay the debts, the debt will in crease the company s cash flow, while also increasing the debt the compa ny s cash flow. This approach gen erally does not make the debt claims of both curre nt ratio has un derg one great changes, because this way the basic debt is the no rmal way, the only

9、 differe nee is that the cash recovered less. In such cases, if the associated enterprises, the en terprise is easily in flated (or virtual cut) curre nt profits, making the informationprovided by foreign enterprisesauthe nticity be questi on ed. below the debt non-cash settlement, such asinven tory

10、 liquidati on.Whe n the inven tory for debt restructuri ng, debt willin crease the compa ny s sales reve nue. Debt side is for the follow ing acco unting en tries:By: Accounts Payable XX Credit: Main business revenue XX Taxes payable - VAT (sales item) XX XX-operati ng in comeThe creditors will make

11、 thefollow ing acco un ti ng en tries:By: raw materials or stockcommodity XX Taxes payable - VAT (proceeds) XX Operati ng expe nses XXCredit: Acco unts receivable XXThis is a very stra nge phe nomenon,because in esse nee,this process does not gen erate any sales act, because of debt restructuri ngan

12、d con firmedthe mai nbus in essin come, which can not be a true evaluati on of en terprise sales. After the debt restructuring , adding to the debt compa ny s sales, results of operati ons has in creased, i n esse nee, is to reduce the backlog of inven tory, in crease inven tory flow, so that net as

13、sets in creased, reduc ing the company s asset-liability ratio, increase the company squick ratio , which results in finan cial performa nee on the good side. debt restructuringas a means of financialintermediationcan be a good solutionto a temporaryshortage of fun ds, and help debtors get out of de

14、bt burden, and enhance its operational capacity, improve econo mic efficie ncy of en terprises en abli ng compa nies to quickly adapt to a healthy developme nt track.On the con trary,claims for bus in esses,it isequivale ntto the purchase of many goods, in creasedinven tory, improve asset-liability

15、ratio,reduc ingthecompany s quick ratio.(2) if the debt company debt into capitalonlybecause of temporary cash flow problems, and can not repay the debt, which itself is a goodbus in essdevelopme nt, corporate debt could be con verted to debt capital, the shareholders of the compa ny as a debt un ti

16、l the debt compa ny well, they can make a profit so that not only solved the problem of debt recovery, but also bring in vestme nt opport un ities to the en terprise for such a case, a careful analysis of claims and corporate debt to the company s financial condition and size of the market and its f

17、uture possibletren ds,tak inginto acco unt theprevaili ngecono micen vir onmentand the legalen vir onment, otherwise, the debt bus in ess after a period of operation,the operatingconditionsdo not improve,not only the original debt can not be recovery, but also dragged dow n by debt compa ni es, i nt

18、o more serious debt crisis, it is worth the can dle.Side of the acco unting treatme nt of debt:By:Acco unts Payable XX Credit: XX share capital or paid-upcapital Share capital surplus XX free dow nl oad inOperati ng in come- debt restructuri ng gains XXAccountingtreatmentof creditors was:By: Long-te

19、rmequity investmentXX Operatingexpenses- debtrestructuring losses XXCredit: Accounts receivable XX3 Other liabilitiesto modify these conditionsdo notmodify one or two kinds of conditions,other means ofdebt restructuri ng, such as reduc ing the amount of debt, lower in terest rates, delayed payme nts

20、, etc. Such methods need for enterprisesback debt , or that the future isun likely to recover the debt. pay to reduce the amount of the creditor is a great loss, but in order to take adva ntageof the debt side as early as possible or not ban kruptcies,time to return the debt, which is an in evitable

21、 move for debt side is in deed in finan cial di fficulty, by loweri ng interest rates in order to preserve their principal and in terest on the part of the low back, to avoid bad debt inorder to preserve capital for delay in repayment, if the debtor is only temporary liquidity problems , is not the

22、bus in ess problem, to take such a case, not only back the prin cipal and in terest, within a certa in period can still be con sidered. relative to the debt bus in ess, whether it is to reduce the repayme nt of prin cipal, i nterest, or reduce the delay payme nts, these are con ducive to the debt si

23、de, can ease the debt side of the short-term solve ncy.4 The comb in ati on of the above three methodswhe n one of these three methods can not solve the debtproblem, the above three methods can be combinedtoachieve the desired purpose.In clude the follow ing way: The part of the assets to repay debt

24、, repaymentof debt into capital the same time have the other part of the debt; the part of the assets of debt, while cha nging other terms of a debt repayme nt of debt;In the modified un der the con diti ons of other debt, with debtrepayme ntof debt into capital; In themodificationof other condition

25、sof debt to assets, debtand debt to capital, debt restructuri ng the way.This method does not bring all debt settleme nt, butonly partially for the settlement of Debt Restructuring debt can not fun dame ntally solve the problems betwee n creditors, but played a buffer role of debt the bus in ess con

26、 diti ons will not n ecessarily because impleme ntati on ofdebt restructuri ng to improve its econo mic developme ntmay not be able to access to good operating condition, there is still the firm s equity debt can not be implemented, therefore, during the debt restructuring, debt creditors have to be

27、 cautious and line.Third, the con clusi onFourkindsofdebtrestructuri ng can gen erate profitsfor thedebtside,andcreditors will produce losses fornon-relatedparty,thecreditor debt restructuri ng will result in the loss, while thedebtors will therefore have a correspondingprofit forcreditors should tr

28、y to avoid debt restructuring, in theirdaily bus in essactivities,to promptattentiontoclaimsman ageme nt,toavoiddebt or un collectibledebtrestructuri ng,whileforthe related party,thedebtrestructuri ngmaybetheir“gospel ”associatedcompa nies range betwee n the buying and selli ng bus in essen terprise

29、s, by way of debt restructuri ng can in crease profits to achieve their goals is very easy, for related party debt restructuringis essentially a manipulationof profitbehavior can mainly be attributed to the following four categories: debtors non-performing assets transferred to the creditor; credito

30、rs known to be non-performing assets, also agreed debt restructuring,inflatedassets; creditors will have lost the use of debt restructuring, the characteristics of intentionaltransferof corporateprofits to evade taxes. debtorstransferredthe backlog of inventory,in flated profits.China s new corporat

31、e accountingstandards,thefair value of the debtrestructuri ngbased on theconsideration, but in the real operation, there is a lot of manipulationprofits possible, we have to guard againstthis situati on. So far, there are many debt restructuri ng is not perfect it and we have to the econo mic substa nee of debt restructuri ng and its