Research On Differences And Coordination Between New Enterprise Income Tax Law And New Accounting Standards

On February 15,2006, the ministry of finance issued one principle and 38 specific standards, accounting standards for enterprises; On May 16,2007, China issued a new the PRC enterprise income tax law, Promulgated on December 6, the PRC enterprise income tax law implementing regulations. The implementation of the new enterprise income law and new accounting standards for China’s economy has produced significant influence, but also for China’s fiscal and taxation workers and accounting information user raised taller requirement. This paper will 1 January 2007 implementation of new accounting standards for business enterprises and January 1,2008 implementation of the PRC enterprise income tax law as the research object, From the income tax accounting system background to begin, analyze our country enterprise income tax law and accounting standards exist differences and reason, research the new accounting standards existing problems, realizing the tax law and accounting standards of coordination, and to perfect the income tax accounting are proposed.This thesis by introduction, income tax accounting system background, tax law and accounting standards differences origin and analysis, the new accounting standards and tax law and accounting standards differences of coordination, and perfect our country income tax accounting policy Suggestions five parts. Focus on income tax accounting system background, tax law and accounting standards differences origin and analysis, the new accounting standards and tax law and accounting standards differences of coordination.Chapter 1:Introduction. Shows how dissertation research purpose, significance, the literature review, this paper research ideas and essay framework.Chapter 2:Income tax accounting system background. Income tax accounting is an important part of Tax accounting, it is based upon the principle of accounting theory, with the national income tax law, as the criterion to accounting income and taxable income differences between income and taxable income difference between for accounting object, to provide useful information for decision-making for the goal of specialized accounting theory and method. Income tax accounting is accounting standards and enterprise income tax law, the differences between the income tax accounting of the concrete manifestation. The emergence and development of the income tax accounting is the income tax regulations and accounting standards separated from the results.In our country, the emergence and development of the income tax accounting experience the following several stages:In June of 1994, the ministry of finance promulgated the enterprise income tax the accountancy handles the interim provisions on China marked the income tax accounting began to adopt international convention; in 1995 issued enterprise accounting standard--income tax accounting (draft). In December 2000, the enterprise accounting system regulation, allow enterprise uses cope with the tax law and tax accounting impact two methods select one, including liability method mainly refers to the income statement liability method. On February 15 2006, the ministry of finance promulgated the accounting standards for enterprises no 18-income tax law, abandoned cope with the tax law, provisions can only on the balance sheet liability method for income tax accounting treatment, introduced the concept of "temporary difference" instead of "timeliness difference", for measuring, report made new regulations. New income tax accounting standards fully absorb the international financial reporting standards (op3)-income tax accounting IFRS (12), and its implementation marks China’s enterprise accounting standards and international financial reporting standards of convergence.Income tax accounting theoretical framework for the target, assumption, the basic concept, the basic principles and basic methods organized, exist between them internal logical relationship.Income tax accounting method. The former system stipulates income tax accounting method has cope with the tax law and accounting impact of tax, tax accounting impact is divided again deferred method and liability method.The accounting standards for enterprises no.18-income tax regulation, our country’s enterprises should adopt balance sheet debt method for the enterprise income tax accounting. Enterprise income tax accounting the overall thinking, starting from the balance sheet, through comparing the balance sheet lists the assets and liabilities, in accordance with the accounting standards for enterprises the carrying value and shall be determined according to the tax law determine the tax base, put the difference between the two distinguish taxable temporary differences and deductible temporary differences, recognize the relevant the deferred income tax assets and deferred income tax liabilities, on this basis determine income tax expenses in the profit statement, the key is to decide the tax bases of assets and liabilities, at determining the tax bases of assets and liabilities, must strictly follow tax regulations for assets and tax treatment pre-income-tax deduction of expenses and other provisions. In this section summarizes the advantages of balance sheet liability method.Chapter 3:Tax law and accounting differences origin and analysis. This chapter from applicable scope, basic accounting assumption, accounting basis, measurement attribute analysis in new accounting standards and the new enterprise income tax law difference, daily accounting in fixed assets, intangible assets amortize differences, revenue recognition differences, cost and expense class differences are expatiated. Reasons for the differences in:Guiding ideology different, functions of different, regulate content is different; follow the principle is different; the requirement of market economy is different.Chapter 4:New accounting standards and tax law and accounting differences of coordination. Including two aspects of content:at present the defects of the income tax accounting standards; about tax law and accounting differences coordination suggestion.At present, the income tax accounting standards defects:Income tax accounting objective statement is not comprehensive; Income tax accounting accounting measurement model is flawed; Accounting income and taxable income difference have defects; The deferred income tax assets not set 2 degree course; The deferred income tax assets impairment and its return processing elastic is bigger.The author thinks that current income tax accounting standards exist the following defects:Income tax accounting target expression is not comprehensive; accountant course setting general; Accounting income and taxable income difference defects; deferred tax statements listed defects; the deferred income tax assets impairment and turn reduced the reliability of accounting information; our income tax accounting personnel and tax officials quality there exists difference.About new enterprise income tax law and new accounting standards differences coordination suggestion, the author thinks that should adhere to:accounting objectives and tax law goals should be coordinated; the income tax accounting standards actively coordinate; The enterprise income tax law also should provide active accounting standards coordination.provide active accounting standards to coordinate; strengthen enterprise income tax and accounting standards legislation and the implementation process to coordinate; build its own fixed assets as an example to illustrate the specific accounting of coordination.Chapter 5:Thinking about our country income tax accounting system construction f. One is strengthening our country income tax accounting system construction necessity; the other is perfecting Perfect our country income tax accounting system construction conception.Strengthening our country income tax accounting system construction is the financial repport the information users to provide value for related information request; Enterprise as a main body of accounting and tax subject dual identity request,Improve the efficiency requirements.About improving our income tax accounting, the author has the following Suggestions:Strengthening tax accounting concept, widely for income tax accounting theory and methodology; Positive action to establish the income tax accounting system of the legal norms; Establish income tax accounting accounting procedures; Allow enterprises to select different income tax accounting method; Income tax accounting system construction shall determine income and cost take different accounting basis; Train excellent income tax accounting personnel.This paper mainly studies contribution is:To combine theory and tax management and accounting work reality, finding out the new income tax accounting standards defects, pertinently on income tax law and accounting differences coordination are expounded, To further perfect our income tax accounting put forward their own views.In this paper the writing process, Professor YuXiaoQian of Southwestern University of Finance and Economics give me meticulous guidance, I asked professor YuXiaoQian expressed heartfelt thanks. Due to the income tax accounting in China is in development and improvement of the stage, Theory and practice research aspects whole still stays in the lower level, and the author level limited, This paper unavoidably exists inaccuracies, I sincerely please specilalists animadversion to correct!...