Research On The Economic Consequence For Implementation Of Debt Restructuring Principle

China’s Ministry of Finance have officially published the Basic Accounting Standards for Enterprises and38specific accounting standards in2006.This38specific accounting standards not only include the first released accounting standards, but also include the original accounting standards revised, the amended debt restructuring criteria is one of them. This paper have reviewed the vicissitude course of debt restructuring criteria in our country and found that the revision of the debt restructuring criteria is fully considered the specific economic, legal and accounting environment under the background of convergencing with the International Accounting Standards. Standards have been implemented more than six years so far, whether the standards can play a role in the enterprise has always been the focus of academic circles and practical circles. At present, the research on the revised debt restructuring criterion has a lot, but most of them are about accounting treatment, comparison of the old and new criteria, problems of surplus management and information disclosure, but combining the basic principles to explore the rationality of the criteria and rule of the economic consequences of the research is less. Based on this background, this article has recognized the effect of criterion implementation. On the basis of its deficiencies in the implementation process, analyze and research from the enterprise financial status, business tax and stakeholders perspective on the economic consequences of the implementation respectively. In the empirical analysis part of this paper has selected the data of listed companies who have issued A shares in2010as the research object, using descriptive statistics method, correlation analysis and multiple regression analysis to study the economic consequences for the implementation of debt restructuring criteria. This provides the supervised direction for the relevant departments in the future.For the implementation of the current accounting standards will bring which kind of impact, most of the research stays at normative research stage so far, and their research conclusions also are not very clear, the purpose of this paper is to adopt the method of normative research combined with empirical research, provide certain help for the accounting standard setting institutions and enterprise stakeholders to understand the financial statements better, play a warning role for certified public accountants of the possible risks in practice, provide relevant information for the work of our securities market regulation in the future, as well as related scholars’further study.