Account code standard processing

Author: Wu Ligui
Publisher:
Publish Date: 2003-03-01
Features: The authenticity of accounting information mainly depends on three elements: the truthfulness and completeness of original accounting data, the scientific and standardized processing and transmission of information, and the good political quality, business skills, and professional ethics of accounting personnel. In recent years, with a human-centered approach and a theme of "integrity," the internal governance of accounting has begun to show initial effectiveness in enhancing the objectivity of accounting information, and the standardization of accounting information processing has been launched in a timely manner. By the end of 2002, the Ministry of Finance issued the "Enterprise Accounting System," which is a significant measure of accounting reform and a key step for accounting to move toward internationalization. It ensures the accuracy and scientificity of accounting information while making it the universal language for enterprises to integrate into the global economy, serving as a basis for scientific enterprise management and government macroeconomic decision-making.