Explanation and Operation Guide of the New Enterprise Accounting Standards

Author: Writing Group
Publisher:
Publish Date: 2007-01-01
Features: The main approach in developing the new accounting standards system was to refer to the International Financial Reporting Standards (IFRS), while fully considering China's current national conditions under the principle of maximizing convergence with IFRS. The new accounting standards system introduces measurement methods such as present value, net realizable value, and fair value, and standardizes accounting treatments in areas such as asset impairment, non-monetary asset exchanges, debt restructuring, borrowing costs, income tax accounting, equity incentives, investment property, and consolidated financial statements. It also brings certain theoretical innovations in many major accounting treatments and improves and rationalizes accounting methods. The editorial team of this book comes from renowned domestic universities, research institutions, listed companies, and accounting firms. They have long been engaged in research and practical work related to accounting standards, possessing both systematic and cutting-edge theoretical knowledge and extensive practical experience. The book is well-organized and concise, featuring introductions to the background of standards development, explanations of difficult issues, detailed application examples, and comprehensive analyses of differences between old and new standards, international differences, and the impact of new standards on corporate financial statements, internal controls, and the professional judgment requirements for financial personnel.