Research On The New Income Tax Accounting Standards And Its Implementation Effect

With the economic globalization accounting also is boarded the the international agenda, and the study of income tax accounting issues is the focus and the hot spots of the accounting profession. February 15,2006, the 39 Accounting Standards (including an "Accounting Standards for Enterprises-Basic Standards" and "Accounting Standards for Enterprises No.1-Inventories" as so 38 specific standards) issued by Ministry of Finance,"Enterprise Accounting Standards-Application Guide" which had been released after, explained Accounting Standards Accounting Standards and 4 Accounting Standards interpretation build a relatively complete system of the new accounting standards. The standards system not only reflects our accounting standards with International Financial Reporting convergence criteria and the equivalent in real terms, but also takes into consideration the characteristics of the situation. The promulgation and implementation of new guidelines for improving China's socialist market economic system and improve the level of opening up and accelerate China's integration into the global economy is of great significance.In the new system of accounting standards, the "Accounting Standards for Enterprises No.18-Income Taxes "(later referred to the new income tax accounting standards) is the greatest change in 38 specific guidelines compared with the old accounting system, or is enacted for the first time. The new income tax accounting standards completely canceled of the original corporate income tax accounting method used to cope with the tax effect accounting method in the income statement liability method of deferred law and required the use of income tax accounting can only be a never used in China tax effect accounting-the balance sheet liability method, income tax accounting policy of mandatory are changed in accounting for income taxes will inevitably affect the quality of information.In this paper, we use the methods of standard research, case studies and empirical research,based on Income Tax Accounting Theory, have compared the strengths and weaknesses of the two of four income tax accounting methods, and then analyzed through empirical research the implementation of the new income tax effect accounting standards, the results show that After the implementation of the new income tax accounting standards so that income improvement in the quality of accounting information, and this article is divided into six parts, the first introduces the research background and significance of this article, the research ideas and methods, and on this basis, this study proposed technology roadmap; second part relates to the relevant theory was Comprehensive Review, mainly the content and objectives of accounting for income taxes, elaborated on China, U.S. and international accounting standards on the development status of income tax accounting standards, compared to the back lay a solid foundation of theoretical and empirical testing; the third part through the theory of comparative and case two perspectives on the different tax accounting methods were compared and analyzed; the fourth part of the selection of the Shanghai and Shenzhen A-share listed company's annual report for 2005-2009 data, the empirical design; the fifth part of the empirical test; sixth part is In conclusion, summarizes the main conclusions of this paper, innovation and inadequate, and future research were discussed...