Research On Executive Stock Option Accounting Standard

In our country, with the enterprise-depth reform of the salaries of their employees'system, as a useful attempt,Executive Stock Option was gradually introduced to our country in the early 90s of 20th century. Based on research results of accounting theory and practice learn at home and abroad in the full stock option, the Ministry of Finance formally promulgated the"Accounting Standard for Business Enterprises No. 11 - shares to pay" in February 2006, for the first time,the criteria standardized enterprise to their share-based payments business in our country, Unified the different treatment of the practice, the recognition and measurement principles and the convergence of international accounting standards, had "cost" and "fair value" measurement point of view, but also take full account of our reality of economic life that exist in a variety of Share-Based Payment business. The guidelines was implemented in the listed companies in January 1st, 2007.The promulgation of "Share-Based Payment" is a new milestone of guidelines for incentive stock option system in our country. To this end, better understanding of the incentive stock option system, effective implementation of new accounting standards, to protect the smooth implementation of the system, both in theory and in practice there are a lot of work to do. Based on this background, on the one hand, try this article from the current accounting model, for the new accounting standards promulgated by the theoretical basis to find; On the other hand, the new guidelines on the content of the study, after the implementation of new guidelines for listed companies on the impact of research and International Accounting Standards comparative study of the new criteria to identify the problems and shortcomings, targeted to the specific recommendations designed to improve the condition of our country for the accounting standards provide a reference, thus promoting healthy development of the China's incentive stock option system.First of all, reviewing the process of establishing criteria of " Share-Based Payment" with the history analysis, and then describing the main elements of the criteria in detail, then the basic principles of economics, the manager revealed that the economic substance of stock options and combination of financial accounting basic theory, held by the new guidelines for accounting recognition and measurement point of view to seek a theoretical basis.In this paper, a combination of theory and empirical methods focuses on the implementation of new accounting standards for listed companies in China after the impact. First of all, completely starting from the criteria, in theory, an analysis of the implementation of the new guidelines, China's listed companies are bound to the financial position and operating results have a definite impact; next to "share in the Czech Republic, incentive stock options" and " Guangzhou Guoguang incentive stock appreciation rights plan, "for example, quantitative analysis of the criteria for the application of these two companies balance sheet and income statement impact; At the same time, the current equity-based incentives of listed companies in China's actual situation (to the end of December 31, 2006,it has begun the implementation of equity incentive plans and the use of stock options and stock appreciation rights the way two incentive of listed companies for the 16 samples), further analysis of this impact and to found a new accounting measurement criteria and information disclosure problems, the existence of these problems for the earnings management of listed companies has provided a broad space.During the study process, this paper also make full use of comparative analysis of research methodology, longitudinal comparison of before and after the implementation of new guidelines for managers of China's accounting treatment of stock options the difference; horizontal comparison and organizations all over the world on the Executive Stock Option Accounting Standards Research the focus would be China's "stake in the payment of" Standards and International Financial Reporting Standards (IFRS2) differences in the situation of a comprehensive and detailed comparative analysis. Criteria found in our country in general agreement with the IFRS2, fully reflects the international convergence of accounting standards in principle, but taking into account China's specific accounting system and the characteristics of the economic environment, its relationship with IFRS2 there is still a difference between the far and the International Accounting Standards detailed, concrete and comprehensive application to be a follow-up guidelines and interpretative bulletin for further adding and improving.Finally, for the issues which were found in the study,such as the surplus management'space in the process of selection of the accounting treatment of accounts,less reasonable disclosure of information,the countermeasures and suggestions for new guidelines are raised to provide reference for the Guidelines'improvment and perfection.