Accounting Latest System. Standards. -- In-depth Interpretation and Case Analysis: In-depth Interpretation and Case Analysis

Author: Mao Hongtao
Publisher:
Publish Date: 2004-01-01
Features: With the continuous deepening of China's accounting system reform and the widespread application of new standards and new systems, the quality of financial reporting in Chinese enterprises, especially listed companies, has been significantly improved. However, in the new institutional environment, practitioners generally feel "unskilled in accounting"; accounting students are also confused about why accounting rules were set up in one way yesterday and changed today; and those who do not engage in accounting work but need to interact with financial statements due to their job, such as securities analysts, often complain that financial statements are becoming increasingly difficult to understand. The core thread of the new rules is that accounting information should reflect real economic activities and events. To be able to prepare, read, and analyze financial reports effectively, one must understand why and how the new system and new standards reflect real economic activities. Therefore, this book adopts a unique approach to explain to readers—financial accounting practitioners, students of accounting or finance, and anyone interested in financial statement data—how China's new accounting standards and new systems affect China's accounting practices.