最新会计准则对企业的影响分析

Impact of Recently Issued Accounting Standards最近颁布的会计准则的影响

 

          In June 2011, the FASB issued ASU No. 2011-05, which requires that comprehensive income and the related components be

presented in a single continuous statement or in two separate but consecutive statements.
The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011, except for the deferral of the effective date related to the presentation of reclassification of items out of accumulated other comprehensive income under ASU No. 2011-12, which was issued in January 2012. We are currently evaluating the effect this ASU will have on our consolidated financial statements. http://www.ukassignment.org/kjllsj/

         In May 2011, the FASB issued ASU No. 2011-04, which is the result of joint efforts by the FASB and International Accounting

Standards Board to develop a single, converged fair value framework. The converged guidance specifies how to measure fair value and what disclosures to provide about fair value measurements. The ASU is effective for interim and annual periods beginning after December 15, 2011. We are currently evaluating the effect this ASU will have on our consolidated financial statements.

 

 Item 7A. Quantitative and Qualitative Disclosures about Market Risk

 

         Our primary investment objective is to preserve principal. Our available-for-sale investments consist of money market funds and

auction rate securities, all of which had interest rates that were variable and totaled $67,400 at December 31, 2011. As a result, we do not believe that we have a material exposure to interest-rate risk.我们的主要投资目标是在保持本金。我们的可供出售的投资包括货币市场基金和拍卖利率证券，所有的利率是可变的，2011年12月31日为67400美元。因此，我们不认为我们存在重大的风险：利率风险。

 

         At December 31, 2011, we continue to hold approximately $3,332 (4.9% of assets measured at fair value) of auction rate securities, in respect of which we have received all scheduled interest payments. The principal amount of these remaining auction rate securities will not be accessible until the issuer calls or restructures the underlying security, the underlying security matures and is paid or a buyer outside the auction process emerges.

 

         We continue to monitor the market for auction rate securities and consider the impact, if any, of market conditions on the fair market

value of our investments. We believe that the failed auctions experienced to date are not a result of the deterioration of the underlying credit quality of these securities, although valuation of them is subject to uncertainties that are difficult to predict, such as changes to credit ratings of the securities and/or the underlying assets supporting them, default rates applicable to the underlying assets, underlying collateral value, discount rates, counterparty risk, ongoing strength and quality of market credit and liquidity, and general economic and market conditions.
We do not believe the carrying values of these auction rate securities are other than temporarily impaired and therefore expect the positions will eventually be liquidated without significant loss.我们相信这些拍卖利率证券的账面值只是暂时性减值，因此期望并不会有显著损失。

 

          The valuation of the auction rate securities we hold is based on an internal analysis of timing of expected future successful auctions, collateralization of underlying assets of the security and credit quality of the security. We re-evaluated the valuation of these securities as of December 31, 2011 and the temporary impairment amount decreased $24 from $292 at December 31, 2010 to $268. A 100 basis point increase to our internal analysis would result in a $36 increase in the temporary impairment of these securities as of the year ended December 31, 2011.

我们重新评估了这些证券的价值，从2011年12月31日起这些证券临时减值，金额减少了24美元，从当日的$ 292美元减少到2010年12月31日的268美元。我们内部分析增加的100个基点将导致增加36美元的情况出现，2011年12月31日止，该证券的非临时减值将停止。