The International Comparison Of Discontinuing Operations Accounting Standards And Exertion

In the condition of globalization and competition intensifying unceasingly, the reorganization and annexation are the common matter, continuing operations and not continuing operations, the entire enterprise continuing operations and the individual branch discontinuing operations exist at the same time.(JiaShu Ge2002) Discontinuing operations is the assets reorganization way of the enterprise implementing the contraction strategy, the enterprise contraction is not the symbol of company bankruptcy, but is a reasonable strategic choice of corporate growth.In October 2002, Ministry of Finance issued "Enterprise Accounting Standards -discontinuing operations" (solicit opinion manuscript) (hereafter refers to as solicit opinion manuscript), the present paper takes this as the starting point, researching the individual branch's discontinuing operations of enterprise in the condition of continuing operations.The paper mainly carries on the comparative analysis among solicits opinion manuscript, International Financial Reporting Standards No.5-"Non-current assets held for sale and discontinued operations"(hereafter refers to as IFRS5), US "Statements of Financial Accounting Standards No. 144 - Impairment and Accounting for the Disposal of Long-Lived Assets"(hereafter refers to as SFAS144), England "Financial Reporting Standards No.3 - Reporting Financial Performance", (hereafter refers to as FRS3) about definition, confirmation and measurement, list and disclose of discontinuing operations. And carrying on the investigation of information disclose situation to 11 listed company of Shanghai and Shenzhen two cities which occurred discontinuing operations in 2004, discovers existed question. Finally, the goal is revision and consummation solicits opinion manuscript, putting forward the proposal, and listed companies will be able to utilize the Discontinuing Operations Accounting Standards disclose related information well in the future.The paper mainly adopts normative research technique, utilizes diagnosis, statistical, comparative method specifically.The paper research results lies in clearing about the definition of discontinuing operations, thought discontinuing operations refers to a production line (including department, subsidiary company), a or several subsidiary company, a or severalservice branch, the local branch, cannot continue to operate in the future which might foresee and deferred to the board of directors or similar management structure a detailed written plan carries on substantive whole handling, fragmentary handling or the giving up but discontinued;Carries on the confirmation from characteristic and time aspects to discontinuing operations;Carries on the measurement utilizing China "Enterprise Accounting Standards - Assets Impairment" to discontinuing operations project;Carries on the list distinguishes the production line (including department, subsidiary company) from the subsidiary company discontinuing operations, to production line discontinuing operations: The independent row shows profit and loss related to discontinuing operations projects in the statement of profit and loss, project The assets, related debt, ownership interest of discontinuing operations with the assets, debt, the ownership interest of continuing operations distinguishes the row to show in the balance sheet. The subsidiary company's discontinuing operations, acts according to the important principle list under assets, debt, income, expense, and profit in the annotation independently.