Analysis Of New Debt Restructuring Standards Implementation Effect

In current economic environment, business competition is increasingly fierce, companies need to constantly adjust their business models according to environment changes to adapt to market changes, due to all kinds of unexpected factors or management reasons, some companies will appear long-term or short-term financial difficulties, they need to make adjustments based on the actual situation of their own businesses. Based on this market demand, it gives birth to the growth of the debt restructuring, so the debt restructuring has become an integral accounting standard of the market development. China’s debt restructuring guidelines enacted in1998, and it’s modified the content twice in2001and2006, the latest version doesn’t change compared with the original custom, the restructuring proceeds is included in the Profit, and to adopt fair value. The2001modification of the guidelines is regarded to avoid listed companies making glossy statements by the initial custom criteria guidelines, some companies will use disposable confirmed substantial gains to adjust the profit, so as to avoid being stars uncap, the markets’ rational allocation of resources is damaged seriously, the same situation will also occurs, but the survival market environment has undergoing dramatic changes. We should examination the condition between the new guidelines for debt restructuring and China’s market adaptation, to test his executive effect, which factors change in Listed companies have relationship with debt restructuring, then find out the shortcomings of the new standard, and puts forward the proposal. This is also the theory significance and the practical significance for this paper studies.On this idea, this paper is based on economic theory, combined with the actual situation of China’s debt restructuring, makes an empirical study on debt restructuring and the12independent variables, based on the existing regression model, analysis the implementation effect of the new guidelines, and analysis the factors which have the relationship with the Debt restructuring.First, it described the research status of the debt restructuring, and introduced definition of the latest debt restructuring, accounting methods and relevant theoretical basis. Second, it listed a detailed comparison between China’s debt restructuring guidelines and several more developed international guidelines, finds the insufficiency and makes relevant improvements; Finally, it selected the12independent variables which are closely related to enterprise development and does empirical analysis on debt restructuring, it also built the regression model for debt restructuring and related variables and obtained the empirical results from the empirical results simple and straightforward; The article tests the empirical results by actual cases, finally summarized the problems of China’s debt restructuring through the listing results, and put forward reference suggestions for improvements.