Financial Enterprise Accounting System: Accounting Subjects and Financial Statements of Securities Companies: Accounting Subjects and Financial Statements of Securities Companies

Author: Ministry of Finance of the People's Republic of China
Publisher:
Publish Date: 2003-11-01
Features: Ministry of Finance Document No. 32 of 2003, Issued by the Ministry of Finance on the Notice to Print the "Accounting System for Financial Enterprises—Accounting Subjects and Financial Statements for Securities Companies" to the relevant ministries and commissions of the State Council, finance bureaus (departments) of provinces, autonomous regions, municipalities directly under the Central Government, and planned cities, the Financial Bureau of the Xinjiang Production and Construction Corps, and relevant central enterprises: In order to standardize the accounting and financial reporting of securities companies and improve the quality of accounting information, in accordance with the "Accounting Law of the People's Republic of China," the "Regulations on Enterprises' Financial Accounting Reports," the "Accounting System for Financial Enterprises," and other relevant laws and regulations of the state, the Ministry has formulated the "Accounting System for Financial Enterprises—Accounting Subjects and Financial Statements for Securities Companies" (hereinafter referred to as "this system"). It is hereby printed and implemented in securities companies starting from January 1, 2004. Securities companies that implement this system starting from January 1, 2004, shall handle the accounting policy changes caused by implementing this system in accordance with the provisions of the "Notice issued by the Ministry of Finance" (No. 17 of 2003). Securities companies that have already adjusted their accounts in accordance with the document No. 17 of 2003 in 2003 should implement this system starting from January 1, 2004. After implementing this system, securities companies will no longer implement the "Accounting System for Securities Companies—Accounting Subjects and Financial Statements" (No. 45 of 1999, CAIZHUIZI). Any issues encountered during implementation should be reported to the Ministry in a timely manner.
Attachment: Accounting System for Financial Enterprises—Accounting Subjects and Financial Statements for Securities Companies.