Oil Companies Reorganization Of Assets And The Accounting Issues

Accounting plays an important role in modern enterprises. Its effect in asset restructure is really what it embodies during the asset restructure. After analyzing the petroleum companies' asset restructuring in China and worldwide, this thesis firstly defines the concept of asset restructuring. On this basis, asset restructuring is divided into 3 types: mergers, contraction and transformation. Each type is analyzed.Secondly, it analyzes the relations of petroleum company's asset restructuring and accounting, pointing out that to the main interest body involved, financial information is important sources to decision-making. So mainly contents and problems involved during asset restructuring's preparation, implementation and conformity are discussed.Thirdly, it discusses the impact of asset restructuring to the traditional accounting basic theory, that is the effect on accounting principle and the impact on accounting hypothesis. On this basis, we can grasp what accounting required to do and can do in petroleum asset restructuring. Finally, accounting practicality is studied in petroleum asset restructuring, emphasis on accounting issues in different types restructure in petroleum enterprises merger, contraction and transformation. To relevant issues, the thesis analyze the current status and put forward further perfect suggestions, expect to establish an accounting theory and method system to instruct the petroleum enterprises' asset restructuring accounting practice, as well as provide some available reference material to set up correspond accountant criterion system.