The Affect Of New Accounting Standards To The Financial Statement Of Listed Company

Accounting and Auditing Standards conference held in Beijing on February 15, 2006, 48 accounting Standards and 39 certified accountants audit guidelines officially unveiled. This indicates that the convergence of accounting standards with China's market economic development and the he convergence of accounting standards with international practices enterprise system and the establishment of a formal system for certified accountants audit guidelines. New accounting standards will be implemented in 2007.The historical changes in accounting principles, financial statements may be significantly changed in the short term profits of listed companies, investors have an important role as a guide. Therefore, the new accounting standards for listed companies has become necessary to study the impact of the financial statements.First, the paper analysis the new accounting standards which major changes that will have a greater impact on the financial statements of listed companies.The new accounting standards consider the international coordination and convergence and China's special economic environment. Its promulgation is a milestone in the history of China's accounting audit. Changes of the new accounting standards to the financial statements of listed companies have significant impact to several criteria: inventory, real estate investment criteria exchange of non-monetary assets, impairment of assets criteria, debt restructuring guidelines, the consolidated financial statements.Second, the paper analysis the new accounting standards on the larger...