Npae vs Gaap

8/16/2019 Npae vs Gaap

1/22

NPAE

VSUS GAAP

Chanitra, Manassawan, Oranas,Passachon, Sinich, Tanaphorn, Wannida


2/22

US GAAP

Co., Ltd

NPAE

Nature o theCo!pan"

Accountin#Standard

Tar#et Co!pan"Ac$uirer Position

%esi#n, de&e'op,!ar(et and se'' ath'eticootwear, appare',

e$uip!ent,accessories, and

ser&ices.

En#a#e in the!anuacture and

distri)ute o consu!erand che!ica' products


3/22

Co.,Ltd

State!ent oCo!prehensi&e inco!e

Presentation *nor!ation

State!ent o Cash +'ow

State!ent o +inancia'Position or periods

-i there is adust!ent or rec'assi/cation0

NOT 1E2U*1E%

NOT 1E2U*1E%

OPT*ONAL

State!ent oCo!prehensi&e inco!e

State!ent o Cash +'ow

State!ent o +inancia' Position or periods

-i there is adust!ent or rec'assi/cation0

3ES

3ES

3ES

NPAE VS US GAAP


4/22

Co.,Ltd

O&erdrats arecurrent liabilities,

not to o4set with cashand cash e$ui&a'ents.

5an( o&erdrats are notinc'uded in cash and

cash e$ui&a'ents6chan#es in the

)a'ances o )an(

o&erdrats arec'assi/ed as fnancing

cash ows.

NPAE VS US GAAP

Cash


5/22

Co.,Ltd

NPAE VS US GAAP

Accounts 1ecei&a)'es

Account recei&a)'es are statedat cost 'ess a''owance or

dou)tu' account

The a''owance is deter!ined )ased onthe percenta#e o outstandin# de)torsc'assi/ed )" a#in# o )a'ance.Methods o esti!atin# the a!ount opotentia''" unco''ecti)'e accountsrecei&a)'e

7. 5ased on the percenta#e o netcredit sa'es8. 5ased on the percenta#e ooutstandin# de)tors c'assi/ed )" a#in#o the )a'ance. 5ased on re&iew o speci/c )a'ance

The a''owance is deter!ined )asedon historica' 'e&e's o credit 'ossesand ud#!ents a)out thecreditworthiness o si#ni/cantcusto!ers )ased on on#oin# credite&a'uations.

Methods o esti!atin# the a!ount opotentia''" unco''ecti)'e accountsrecei&a)'e 7. 5ased on the percenta#e o sa'esa!ount8. 5ased on the percenta#e oaccounts recei&a)'e a!ount

. 5ased on the a#in# schedu'e

Account recei&a)'es arepresented on a )a'ance sheet

at net realizable value


6/22

Co.,Ltd

• N1V is esti!ated se''in# price'ess cost o co!p'etion andse''.

• Mar(et is the currentrep'ace!ent cost, that cannot)e #reater than N1V or 'essthan N1V reduced )" a nor!a'sa'es !ar#in.

• N1V is esti!ated se''in# price'ess cost o co!p'etion andse''.

*n&entories are &a'ued at 'ower o

standard cost or N1V.

*n&entories are &a'ued at 'ower o

standard cost or !ar(et.

NPAE VS US GAAP

*n&entories


7/22

Co.,Ltd

• +air &a'ues are !easured at thea!ount that the se''er and )u"erare ac(now'ed#e and wi''in# toe:chan#e and ne#otiate ree'"without the in&o'&e!ent o thethird parties.

• +air &a'ues are !easured atrecurrin# )asis;

Level 1; O)ser&a)'e inputs such as$uoted prices in acti&e !ar(ets oridentica' assets or 'ia)i'ities.Level 2; *nputs other than $uoted

prices that are o)ser&a)'e or the assetor 'ia)i'it", either direct'" or indirect'"Level 3; Uno)ser&a)'e inputs orwhich there is 'itt'e or no !ar(et dataa&ai'a)'e, which re$uire the reportin#entit" to de&e'op its own assu!ptions .

*n&est!ents are !easured at +air&a'ue

*n&est!ents are !easured at +air&a'ue

NPAE VS US GAAP

*n&est!ents


8/22

NPAE VS US GAAP

*n&est!ents


9/22

Co.,Ltd

• Land is stated at cost.• 5ui'din#s and e$uip!ent are

stated at cost 'essaccu!u'ated depreciation anda''owance or di!inution in&a'ue.

• Propert", p'ant and e$uip!entare recorded at cost )ut

presented at cost 'essaccu!u'ated depreciation anda''owance or i!pair!ent.

Depreciation• %epreciation o )ui'din#s

and e$uip!ent isca'cu'ated )" reerence totheir cost on strai#ht


10/22

NPAE VS US GAAP

Propert", P'ant, and E$uip!ents


11/22

Co.,Ltd

Diminution o Value• When there is an indicator,

test or di!inution )"co!parin# carr"in# a!ountwith air &a'ue 'ess cost tose''

• 1eco#ni=e 'oss ro!di!inution o &a'ue i

carr"in# a!ount is hi#herthan se''in# price 'ess cost tose''

• 1e&ersa' o di!inution in&a'ue is a''owed

Impairment• Twoows, ani!pair!ent 'oss is !easured

as the di4erence )etweenthe carr"in# a!ount and air&a'ue.

•. 1e&ersa' o i!pair!ents isprohi)ited

NPAE VS US GAAP

Propert", P'ant, and E$uip!ents


12/22

Co.,Ltd

• Stated at cost 'ess an"

accu!u'ated a!orti=ationand a''owance ordi!inution in &a'ue -i an"0

Defnite-Live

• 1ecorded at cost and area!orti=ed o&er theesti!ated useu' 'ie and!a")e i!pair

• Such as co!puter sotwareInefnite-Live•

1ecorded at cost• Peror!ed annua'

i!pair!ent test• Such as #oodwi'' and

trade!ar(s

NPAE VS US GAAP

*ntan#i)'e Assets


13/22

NPAE VS US GAAP

*ntan#i)'e Assets


14/22

Co.,Ltd

•

Stated at cost 'ess an"accu!u'ated depreciationand a''owance ordi!inution in &a'ue -ian"0

•

There is no speci/cde/nition o in&est!entpropert".

NPAE VS US GAAP

*n&est!ent Properties


15/22

Co.,Ltd

5orrowin# Cost

• *nterest earned on the

in&est!ent o )orrowedunds generally cannotofset interest costsincurred durin# the period.

• +or )orrowin#s associatedwith a speci/c $ua'i"in#

asset, )orrowin# costse$ua' to the weighted-average accumulatedexpenditures times theborrowing rate arecapita'i=ed.

• 5orrowin# costs are ofset

)" in&est!ent inco!eearned on those)orrowin#s.

• +or )orrowin#s associated

with a speci/c $ua'i"in#asset, actual borrowingcosts are capita'i=ed.

Measure!ent

NPAE VS US GAAP


16/22

Co.,Ltd

• *n&est!ent propert" is not

separate'" de/ned and,thereore, is accounted oras he'd or use or he'd orsa'e.

• *n&est!ent propert" is

separate'" de/ned and!a" inc'ude propert" he'd)" 'essees under a /nanceor operatin# 'ease.

5orrowin# Cost*n&est!ent Propert"

NPAE VS US GAAP


17/22

Co.,Ltd

• A 'ease o 'and and )ui'din#sthat transers ownership to the

'essee or contains a )ar#ainpurchase option wou'd )ec'assi/ed as a capital lease)" the 'essee, re#ard'ess o there'ati&e &a'ue o the 'and.

• * the air &a'ue o the 'and atinception represents lessthan 25% o the total airvalue o the 'ease, the 'esseeaccounts or the 'and and)ui'din# co!ponents as asin#'e unit

• The 'and and )ui'din#e'e!ents o the 'ease are

considered separately whene&a'uatin# a'' indicators un'essthe a!ount that wou'd initia''")e reco#ni=ed or the 'ande'e!ent is i!!ateria'.

•

no 25% test .

Lease

NPAE VS US GAAP


18/22

Co.,Ltd

*nco!e Ta:es

NPAE VS US GAAP

!sset an Liabilit" metho

1eco#nition o deerred ta:assets and 'ia)i'ities or the

e:pected uture ta:conse$uences o te!porar"

di4erences )etween thecarr"in# a!ounts and the ta:)asis o assets and 'ia)i'ities.

Pro&ided in theaccounts at the a!ount

e:pected to )e paid,)ased on ta:a)'e pro/ts

#a$able proft metho

1ecordin# ta: deerredasset?'ia)i'it" is optiona'.


19/22

US GAAP *+1S NAPEs

%e/nition o@pro)a)'e

To descri)e a situation inwhich the outcome is

li%el" to occur&

To descri)e a situation inwhich the outcome ismore li%el" than not

to occur.

Sa!e as *+1S

Li(e'ihood ooccurrence

B percent or #reater #reater than D percent Sa!e as *+1S

E4ect < Ear'ier reco#nition o'ia)i'ities

Sa!e as *+1S

Measure!ent o

pro&isions

'o stanar, entities !ustreer to #uidance esta)'ished

or speci/c o)'i#ations todeter!ine the appropriate

!easure!ent !ethodo'o#".

The best estimate othe e:penditure re$uired

Sa!e as *+1S

E4ect < i#her 'ia)i'it" )ein#recorded when there is a

ran#e o possi)'eoutco!es with e$ua'

pro)a)i'it"

Sa!e as *+1S

NPAE VS US GAAP

Pro&isions and Contin#ent Lia)i'ities


20/22

Co.,Ltd (lassife as

)*rovisions or long termemplo"ee benefts+

Good co!pan" uses their esti!ate or

their 'on# ter! e!p'o"ee )ene/ts )asedon

• The e!p'o"eeFs a#e,• Len#th o e!p'o"!ent ser&ices and• E:pected sa'ar" increase rate

(lassife as)Deerre income ta$es an other

liabilities+

Ni(e uses actuaria' to &a'uate theiresti!ation. The !ethods are re$uireddependin# on co!pan" characteristics.

US GAAP *+1S NAPEs

Actuaria'!ethod usedor de/ned)ene/t p'ans

%i4erent !ethodsare re$uireddependin# on thecharacteristics othe p'ans )ene/tor!u'a.

Proected unitcredit !ethod isre$uired in a''cases.

usin# the @)est esti!ate o thee:penditure re$uired to sett'e thepresent o)'i#ation as at the endo the reportin# period. There isno re$uire!ent to appoint anactuar" to ca'cu'ate such'ia)i'ities.

NPAE VS US GAAP

E!p'o"ees 5ene/ts


21/22

Co.,Ltd

,ales o goo are reco#ni=ed

when the si#ni/cant ris(s andrewards o ownership o the #oodsha&e passed to the )u"er. Sa'es arethe in&oiced &a'ue, e:c'udin# &a'ueadded ta:, o #oods supp'ied aterdeductin# discounts anda''owances

ner , /!!*0 re&enue reco#nition is)ased on /:ed or deter!ina)'e pricin#criterion, which resu'ts in contin#ent

a!ounts #enera''" not )ein# recorded asre&enue unti' the contin#enc" is reso'&ed.holesale revenues are reco#ni=edwhen tit'e and the ris(s and rewards oownership ha&e passed to the custo!er,)ased on the ter!s o sa'e.etail store revenues are recorded at

the ti!e o sa'e.*rovisions or post-invoice salesiscounts0 returns an miscellaneousclaims rom customers are esti!atedand recorded as a reduction to re&enue atthe ti!e o sa'e.

1e&enue

NPAE VS US GAAP


22/22

Co.,Ltd

The preparation o /nancia'state!ents in conor!it" with#enera''" accepted accountin#princip'es re$uires !ana#e!ent toesti!ates and assu!ptions incertain circu!stances, a4ectin#a!ounts reported in these /nancia'state!ents and re'ated notes.

Actua' resu'ts cou'd di4er ro!these esti!ates

The preparation o /nancia' state!ents inconor!it" with #enera''" acceptedaccountin# princip'es re$uires!ana#e!ent to !a(e esti!ates,

inc'udin# esti!ates re'atin# toassu!ptions that a4ect the reporteda!ounts o assets and 'ia)i'ities anddisc'osure o contin#ent assets and'ia)i'ities at the date o /nancia'state!ents and the reported a!ounts ore&enues and e:penses durin# the

reportin# period. Actua' resu'ts cou'ddi4er ro! these esti!ates.since 'I45s business c"cle isrelativel" short0 actual resultsrelate to these estimates aregenerall" %nown within the si$-month perio ollowing the fnancialstatement ate&

1e&enue

NPAE VS US GAAP

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Npae vs Gaap

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