The Impact Of New Accounting Standards On The Sichuan Changhong

Finance ministry launched new "Enterprise Accounting Criterion " officially in the Great Hall of the People on Feb. 15, 2006, and decided to implement in listed companies from Jan. 1, 2007. New accounting criterion will bring the revolutionary change. It means Year 2007 will be Chinese Accounting Practice year, also Critical Year for enterprise to improve & optimize accounting process. As listed companies are the essence for stock market development, new accounting criterion's publication and execution shall have the profound influence to listed companies.This article introduces the investigation result about New accounting criterion execution status in Sichuan Changhong Co., the method unify which using the quota and the fixed ratio contrasts new old accountant the criterion, domestic international accountant the criterion in long-term aspect and so on stockholder's rights investment, investment real estate, intangible asset, non-currency property exchange, property depreciation, staff salary, debt reorganization, income tax, financial tool confirmation and measurement, consolidated financial statement radical change, it describes how to change the traditional mindset, apply the new thought and new method to carry out new accounting criterion in Sichuan changhong by financial people, investor and shareholders etc., who have separate demands related to accounting information.