Small Business Accounting Practice: System Establishment · Bookkeeping · Accounting · Alignment with New and Old Accounting Systems

Author: Yuan Xiaoyong, Editor-in-Chief
Publisher:
Publish Date: 2005-01-01
Features: Compared to the original industry accounting system, the "Small Business Accounting System" has undergone significant changes. Implementing the new accounting system not only involves grasping and understanding the new system but also requires corporate asset verification and the connection between old and new accounts. The implementation of the new system is scheduled for January 1, 2005, which is a tight deadline. To fully master and apply the accounting system within a short period, it is indeed not an easy task for accounting professionals. For this reason, Capital University of Economics and Business Press has organized experts and scholars with years of experience in accounting research and teaching to provide a detailed explanation of the background of the corporate accounting system's introduction, the overall reform approach, the formulation principles and key innovations, the legal applicability of corporate accounting, the main content of the "Small Business Accounting System," and the preparation before account adjustments, the adjustment of accounting accounts, and the adjustment of major financial statements during the transition from the old to the new accounting system. A special section, "Examples of Account Adjustments for the Transition Between Old and New Accounting Systems," is also included to help all accounting professionals complete the transition of old and new accounts in their respective organizations.