New Enterprise Accounting Standards: In-depth Interpretation and Explanation

Author: China Accounting Network School Editors
Publisher:
Publish Date: 2006-07-01
Features: On February 15, 2006, the Ministry of Finance officially released the new accounting and auditing standards system at the Great Hall of the People. The new accounting standards were scheduled to take effect in listed companies starting January 1, 2007. The new accounting standards not only feature advanced concepts and a complete system but also fully reflect convergence with international standards. The implementation of the new standards will significantly improve the quality of accounting information, further reduce the scope for adjusting accounting earnings, and bring great challenges to Chinese enterprises. They also place higher demands on the professional competence of financial personnel. To help financial professionals quickly understand the changes between the old and new standards, grasp the content, key points, and essence of the new standards system, and better facilitate the transition from the old to the new systems and the implementation of the new standards, China Accounting Network School has organized renowned scholars, experts, and professors. Over a period of four months, they meticulously compiled New Enterprise Accounting Standards 2006 – In-Depth Reading and Explanation. Using concise language, clear diagrams, accurate and authoritative explanations, and easy-to-understand analyses, the book provides clear interpretations of the main changes, content structure, and key and difficult issues of each standard, supplemented by case studies to explain the theory and accounting practices of the new standards system. It can serve as both a teaching material for training on the new enterprise accounting standards and a supplementary guide for follow-up education for financial and accounting professionals.