Research On The Problems Existed In The Course Of The New Accounting Standards Implementation In Listed Companies

With the development of economy's market-directing & globalization and the reformation of china accounting standards, the accounting standards now have the internationalization trend obviously. On February 15, 2006, the Ministry of Finance issued the New Enterprise Accounting Standards which tend to the international financial reporting standards and fit the economic development of our country. The new accounting standards include one basic standard and 38 concrete standards. It has been implemented in Listed Companies on January 1, 2007, and encourages other enterprises to carry out. There are many differences in accounting process between the new standards and the former one, the new one has highly enhanced in system integrity. The announcement and implementation of New Accounting Standards has drawn broad attentions and hot discussion. The historical changes in accounting principles, financial statements may be significantly changed in the short term profits of listed companies, meantime, the implementation of the new standards would cause the reform of stock market system.The formulation of the new standards system is to provide better services to enterprise and standardize enterprise's behavior. Then how to make the new accounting standards achieve the expectancy goal, and how to make it give out the most utility. Everybody concerned about the questions, It will take a long time to practice before achieve the above goals, the most important thing now is to understand what problems will come out in The implementation of new accounting standards and how to handle them. The analysis and research about these two questions has very important realistic meanings for both enterprises and all relevant departments. It will not only provide some useful references for the enterprises but also show the insufficiency of new standards and make a good preparation for implementation of new accounting standards. This paper theoretically explains the formulation and development of the accounting standards, analyzes the main differences between the new and former accounting standards in our country, and takes 10 listed companies as samples to analyze the problems in the course of the new accounting standards implementation. Finally the paper gets the constructive conclusions and provides some useful references for the enterprises.