Principles of Accounting: 2nd Edition

Author: Wu Shuipeng, Editor-in-Chief
Publisher:
Publish Date: 2007-01-01
Features: Since its first publication in early 1994, this book has been in print for over six years and has been reprinted eight times, receiving widespread acclaim. After expert review, the textbook was also recommended by the Ministry of Education as the "Recommended Textbook for Economics and Business Administration Majors in 1998," for which we express our sincere gratitude. During this period, human society has bustlingly entered a new millennium, and China's socio-economic life has also undergone significant changes. Among the many changes in China's socio-economic life, the following have had a greater impact on the writing of this textbook: the preliminary establishment of a socialist market economy, the fundamental transformation of various economic interest relationships centered on enterprises; the capital market, which began to recover in the early 1990s, had over 1,000 listed companies' stocks traded on the Shenzhen and Shanghai stock exchanges by early summer 2000; specific accounting standards have also been successively promulgated and implemented; in late 1999, the "Accounting Law" was revised again by the state and officially enforced on July 1, 2000. These changes prompted us to revise this textbook. The revision of this edition still adheres to the original writing guidelines of the textbook: focusing on the explanation of principles rather than being rigidly bound by temporary systems; based on the learning patterns of students, it introduces the basic principles of accounting in an easy-to-hard, shallow-to-deep manner, using the accounting cycles of the service industry, commerce, and manufacturing industry as examples; it integrates the basic methods and procedures of accounting, highlighting the recognition, measurement, recording, and reporting of accounting elements. In addition to adhering to the above principles, in response to the changes in the socio-economic environment, we have fully absorbed the spirit of the newly revised "Accounting Law" and added introductions on internal accounting supervision systems, among other topics. In the writing, we have interspersed some practical accounting issues encountered by listed companies and provided corresponding case discussions in some chapters.