Enterprise Amalgamating Accounting Statement Compiling Research Based On The International Convergence

With the development of economic globalization, the accounting standard is moreand more important, and the most important is the international convergence ofaccounting standards. The release of our new enterprise accounting standards in2006marks the international convergence of accounting standards in China. On the basis of acomprehensive consideration of the situation of our country,“Accounting Standards forEnterprises NO.20-Business Combinations” and “Accounting Standards forEnterprises NO.33-Consolidated Financial Statements” summarize the gains andlosses of business combinations and consolidated accounting statements, conformingthe trend of international convergence. It fully considers the situation of China, anddistinguishes the business combination types; revises physical theory as the theoreticalbasis for the preparation of the consolidated financial statements; in the accountingmeasurement, add the fair value, increase the usefulness of the information. Theimplementation of the new consolidated accounting standards promote the developmentof our business combination, but there are still some problems in the theory and practiceto be further improved, because the late development of our merger accounting.This paper firstly analysis the theory of consolidated financial statements.Including the comparative analysis among the international, the United States andChina’s development of merger accounting; compare the combined theories andcombined methods to highlight the characteristics of each theory and method. Then, amore comprehensive comparative analysis between “International AccountingStandards NO.27-Merge and Separate Financial Statements”(IAS27) and“Accounting Standards for Enterprises NO.33-Consolidated Financial Statements”(CAS33) get that CAS33need to be improved in the parent company exemptionpreparation and the impairment of goodwill and other aspects. Following, empiricalanalysis the executive sitiation of CAS33and IAS27in YanZhou coal joint-stockcompany. The research conclusion provides the basis to improve CAS. At last, on thebasis of comparision of our country and international standards, simulate a parent andsubsdidiary companies to case study, highlighting the impact of differences in ouraccounting standards and international standards to the core data of the consolidated financial statements.Since China begins to implement the new accouting standards in2007, it has beenthree years to2010, during which the listed companies in China prepare consolidatedfinancial statements in strictly accordance the provision of CAS33. This paperexamines the implementation situation of CAS33from listed companies’ information,and finds the problems existing in CAS33. According these problems, further putsuggestions and meastures to perfect CAS33and streghthen CAS33, so as to promotethe development of consolidated accounting.