Studies Of Accounting Assumption On Virtual Economy

Accounting assumptions are important component of the accounting conceptual framework, and at the highest level of accounting theory system with accounting goals, being the cornerstone of all accounting theory and practice. Scientific accounting assumptions have important theoretical value and practical significance on perfecting the accounting theoretical system, and carrying out accounting activities orderly. Accounting assumptions are reflection of the department of economic and environmental accounting. While the accounting profession studied accounting assumption originally, they had recognized their universal applicability and important guiding significance to traditional socio-economic environment. With the rise of the virtual economy and rapid development, significant changes happen in the content of the accounting activities. Virtual economy also has a powerful impact on traditional accounting assumptions, pressing for amendments to the content of the accounting assumption and updated to adapt to the new environment, to lay a solid foundation for recognition, measurement and reporting more precisely for accounting activities, and to achieve its functions and play its part better.This paper studies accounting postulates under the virtual economic proposition, focusing on the emergence of virtual economy to the impact of accounting assumptions. Full-text is divided into three parts: the first part focuses on accounting assumptions'research background and review the domestic and foreign research status of accounting basic assumption .The second part cards the theory system of the virtual economy and accounting assumptions, and analyze the relationship between two large body of knowledge. the third part is the main branch of this paper, researching into each element of accounting postulates under the challenge of virtual economic, putting forward according amendment of countermeasures for each assumption.Normative research methods are applied in this paper, through the study of the historical changes of accounting basic assumptions, and the analysis of relationship between accounting assumptions and changes in the economic environment, combining with today's virtual economy development, proposed the influence and shocks on accounting assumptions. There are some innovation points in this article .Firstly, the"accounting entity assumption"takes the place of the"virtual subject"; expanding the connotation of this hypothesis; secondly, "going concern assumption" is revised for "project going concern assumption"; thirdly, the "time period assumption" is shorten; lastly, "currency measurement assumption" is put into the " measurement assumptions combined with currency measurement mode and non-currency measurement way"In addition, through the analysis of accounting recognition, measurement and reporting, such as reasoning, I put forward that the "accrual basis" should also be a basic accounting assumption.