A Study On China's New Enterprise Accounting Regulation 33-Consolidated Financial Statements

Since the 20th century, as worldwide enterprise groups to speed up the process, and the growing needs from the different users facing financial information, how individual enterprises consolidate individual accounting statements of the scientific accurately, comprehensive enterprise groups to reflect on the whole picture, become an international accountancy profession in-depth study and explore one of the important issues covered. Meanwhile, China's Ministry of Finance in 2006 issued a new "Enterprise Accounting Standards," which "Enterprise Accounting Standards No. 33—consolidated financial statements" and norms guide the consolidated financial statements for the preparation and presentation reported. Compared to 1995, "issued by the provisional consolidated accounting statements" in a comprehensive study of China's national conditions, on the basis of Drawing on the international accounting standards with the United States Financial Accounting Standards on the useful experience In summing up our consolidated accounting statements accounting regulations for the future, to conform to international convergence of the major trends achieved a historic breakthrough.Based on the results from our predecessors on the basis of the use of standardized methodology and the typical cases, covering the latest research results from the United States and the international accounting standards, analysis of our consolidated financial statements for the evolution and its criteria, which, This theory on the merger and consolidation of the scope of the merger of these two key statements and conduct in-depth analysis, aimed at the new consolidated financial statements and guidelines related to the old criteria difference criteria for the certification of new accounting information under the usefulness and effectiveness of the improvement. In the end, our consolidated financial statements for the new norms and international norms to make the remaining differences, China's new consolidated financial statements for the implementation of the criteria put forward proposals of their own, so that the accounting statements reflect the merger of enterprise groups overall financial position and operating results more information reliability and relevance and improve combined statements of policy statements, users of the utility.