Research On The Convergence Problem From The Old To New Accounting Standards By Beijing State-Owned Non-listed Companies

In February 2006, the promulgation of the New Accounting Standards is a new wave of accounting reform in China, which marked China's accounting standards further convergence and integration smoothly into the international economy. It is also deeply influence China's socialist market economy, and play a pivotal role in the mechanism day by day. The new guidelines have been implemented effectively and smoothly by listed companies. The convergence from the old and new accounting standards is effectively in the listed companies. It opens the situation of the full implementation of the new guidelines by Chinese enterprises. The researches about implementation of the guidelines by listed companies are in full swing, but there is little study in this area with the non-listed companies. What the situation of Non-listed companies'convergence from the old to new accounting standards? How dose the convergence effect is worth to research. This paper is intended to research "the Convergence Problem from the Old to New Accounting Standards by Beijing State-Owned Non-listed Companies", sums up and concludes the problem and countermeasures exist in the current situation which China's non-listed companies for the full implementation of the New Accounting Standards. Then I give my advice for China's Non-listed companies in the implementation of New Accounting Standards.This article includes five parts:PartⅠ:Introduction. This section described the research background, research purposes and research significance. And then, introduced and reviewed the theory and practice research situation in the field of "New Accounting Standards implemented by non-listed companies" by domestic experts and scholars. At the same time, the author also showed that the paper's study range, the innovation of the article, and pointed out the limitations of the study.PartⅡ:Theoretical analysis of the implementation of accounting standards-based on explicit contracts and implicit contracts. This section focused on the analysis of the accounting standards implementation theory. The author combined the implementation of accounting standards with the contract theory and proposed the choice which the China's accounting standards implementation mechanism should be do.PartⅢ:The Convergence condition from the old to new Accounting Standards by Beijing State-Owned Non-listed Companies. In this section, I analyzed the characteristics of the Beijing State-Owned Non-listed Companies, and also analyzed the survey about convergence criteria for those companies. Through the above analyses, I found the Convergence Problem from the Old to New Accounting Standards by Beijing State-Owned Non-listed Companies.PartⅣ:The evaluation of implementation of the Accounting Standards by Beijing State-owned non-listed companies. In this section, I make contrast analyze about the 15 non-listed companies'assets, liabilities and owner's equity, before and after implementation of the Accounting Standards. I also analyzed the impact which implementation of new guidelines on the rights and interests of those companies. Then I researched the item which related to the fair value measurement, in order to evaluate the financial crisis influence on implementation of the Accounting Standards by Beijing State-owned non-listed companies. Furthermore, I pointed out the importance to forward-looking and adaptability of new Accounting Standards in financial crisis, and thus obtained evaluation results.PartⅤ:The recommendations of implementation of new Accounting Standards by Beijing State-owned non-listed companies. In this section, according to the analysis of preceding part, I given some advices to convergence problem from the old and new accounting standards by Beijing State-owned non-listed companies, such as promoting convergence criteria and mechanism, enhancing companies ability in implementation of new guidelines, completing guidelines setting method.