Construction company accounting

Author: Wang Yuhong
Publisher:
Publishing Time: Not Available
Features: Since the reform and opening-up for 20 years, China's construction industry has made significant progress and has become a pillar industry for national economic development in the new era. With the continuous deepening of the market economy system reform and China's accession to the WTO, the marketization level of the construction industry will continue to improve and face the challenges of economic globalization. Construction enterprises are an important component of China's construction industry, playing a crucial role in improving and enhancing people's material and cultural living standards, promoting national economic development, and creating new wealth. The sustainable and healthy development of construction enterprises, as well as the achievement of expected economic goals, relies heavily on construction enterprise accounting. Since January 1, 2001, the implementation of the Enterprise Accounting System by listed companies, along with the release of some specific accounting standards, marked a major step forward in China's accounting system reform. To meet the needs of teaching and actual business operations, this book is based on China's Accounting Law, the Regulations on Enterprise Financial Accounting Reports, the Enterprise Accounting System, and 16 specific accounting standards issued and revised successively by the Ministry of Finance. Additionally, it incorporates the Accounting Methods for Construction Enterprises, newly formulated by the Ministry of Finance on September 25, 2003, and issued a notice requiring construction enterprises that have implemented the Enterprise Accounting System to execute the Accounting Methods for Construction Enterprises starting from January 1, 2004. Combining the characteristics of construction enterprises' production and operation, this book takes construction enterprises as the accounting entity and systematically explains the handling methods of construction enterprise accounting practices.
This book emphasizes the principle of integrating theory with practice, with accounting elements as the main thread, adhering to the accounting requirements of the Enterprise Accounting System and based on specific accounting standards. It also complies with relevant national laws and regulations while considering the characteristics of construction enterprises' production and operation activities. The book provides an in-depth yet accessible explanation of the content and methods of construction enterprise accounting.
The entire book focuses on practicality. For content and issues that are difficult to understand, examples or flowcharts are provided to illustrate them, vividly showcasing the relationships between complex accounting transactions, thereby aiding readers in deeper comprehension. This is one of the book's features. For accounting accounts that have changed names or been newly established according to the Enterprise Accounting System's accounting requirements, as well as specialized accounting accounts for construction enterprises, footnotes are used for explanation, allowing for easy comparison and understanding. This is another feature of the book. In the explanation of accounting theory and accounting practices, the book follows the principle of starting with the simpler concepts and gradually progressing to more complex ones.
This book combines normativity, theoretical depth, timeliness, and practicality. It can serve as a reference book for the business learning of financial and accounting personnel in construction enterprises, a teaching material for relevant professional courses on construction enterprise accounting in financial and economic institutions, and a training or self-study textbook for professionals in investment, finance, public finance, auditing, taxation, economic management, engineering management, and other fields. At the same time, it also provides assistance for online teaching and the popularization of enterprise accounting practices among the general public.