2006 Major Accounting Reform in China. Analysis of Key and Difficult Points of New Enterprise Accounting Standards

Author: Writing Group for Key and Difficult Points Analysis of New Enterprise Accounting Standards
Publisher:
Publish Date: 2006-03-01
Features: The globalization of accounting standards is a product of the internationalization of capital markets reaching a certain level. With the development of China's economy and the deepening of its opening-up, China's accounting standards have gradually converged with the International Financial Reporting Standards (IFRS). The new accounting standards system was stipulated to take effect on January 1, 2007, and required the new accounting standards system to be implemented simultaneously by listed companies from January 1, 2007, ensuring standardized standards. All current provisional regulations, supplementary regulations, industry accounting methods, and problem-solving documents were abolished. This book was meticulously researched and written by renowned accounting educators and frontline accounting practitioners across the country, who discussed and summarized the key and difficult points of the new accounting standards system. It is especially prepared for readers with this Key and Difficult Points Analysis of the New Enterprise Accounting Standards System. The book clearly explains the background of the formulation or revision of the new accounting standards system officially released by the Ministry of Finance, provides in-depth analysis of the key and difficult points of each specific standard, and is characterized by "thorough reasoning, accurate interpretation, logical examples, and ease of learning." This book can serve as a self-study resource for financial professionals and can also be used for training purposes by various training institutions.