Research On Accounting For Assets Impairment

With the development of economics,accounting for impairment of assets hasbecome the central issue concerning the regulation of accounting system around theworld owing to the increasing of uncertainty and risk in economic environment.Many regulation bodies in the world and IASB haveestablished rules on accounting for assets impairment in order to regulate and supervise accounting practice. In China,many rules and systems have also been established to regulate the accounting practice on asset impairment.This article carries on the discussion of accounting of assets imPairment from the following respects:At first,the author studies the theory about Asset Impairment accounting.In this part,the author discusses its production and developmentthe, theory basis of the asset imPaimrent accounting and the theoretical foundation of accounting of assets impairment.Then impairment of assets with the international criteria for convergence of research,mainly on asset impairment criteria for the convrgence of international norms and comparison.In the third part is asset impairment accounting practices applied research,from the full process of recognition,measurement,record and disclosure on impairment of assets and leads to the problems.Finally,against the former assets impairment accounting norms and practices of the existing problems,and introduce some recommendations on improving asset impairment accounting in our country.Western accounting of assets impairment is developed from simply to complex,from imperfect to perfect,I believe in the theory of community and the practical joint efforts,china's asset impairment accounting will become perfect.