Analysis Of The Application Of The New “government Subsidy” Standard In The New Energy Automobile Industry

The rapid development of the economy and society will inevitably be accompanied by the continuous improvement and perfection of the system.As an important part of the service of economic and social development,accounting standards setting departments are constantly revising and improving them.Before 1993,my country did not have specific accounting guidelines for government subsidies,but in 1993,“subsidy income”and “subsidy receivables” items were added to reflect the subsidies receivable or received by enterprises from the government,but most The industry accounting system does not list“government subsidies” in the income statement.On February 15,2006,the Ministry of Finance issued the Accounting Standards for Business Enterprises on Government Subsidies for the first time,namely "Accounting Standards for Business Enterprises No.16-Government Subsidies"(Cai Kuai [2006] No.3)(hereinafter referred to as the "old standards").The standards have undergone more than ten years of application and testing in practice.The practical community has reported that there are still imperfections in the standards,such as the substantial inconsistency between accounting subjects and government subsidies,the incomplete distinction between government subsidies and revenue,and the inconsistent accounting treatment of financial discounts.Reasonableness,poor convergence with international accounting standards,etc.Under this circumstance,relevant departments have revised and improved the deficiencies of the old standards.On May 10,2017,the Ministry of Finance issued the revised "Accounting Standards for Business Enterprises No.16-Government Subsidies"(Cai Kuai [2017] No.15)(Hereinafter referred to as the "new standards"),how will the changes in the standards affect the accounting information of enterprises? Does the new standard still have areas to be improved?In recent years,the state has regarded the new energy automobile industry as a strategic industry.The government has provided high subsidies to the new energy automobile industry to promote the development of the new energy automobile industry,so that my country’s new energy vehicles can be used in the world’s new energy vehicles.The field occupies an important position and has also become a new industry that has received high subsidies in my country.This article makes a specific analysis with Ankai Automobile as the research object.First,it explains the related theories adopted in this article and the evolution of my country’s government subsidy-related accounting standards and the main revisions of the new standards in 2017.Secondly,it introduces the overall situation of government subsidies received by listed companies in my country,and based on the reasons and reasons for obtaining government subsidies.Purpose: Classify and sort the government subsidies received by listed companies from 2014 to 2019,and then explore the impact of changes in the accounting treatment of different types of government subsidies;finally,analyze the three aspects of the changes in the new standard and the old standard The impact of changes in accounting treatment on report items,and then to analyze the impact of changes in report items on financial indicators.The new standard mainly distinguishes government subsidies obtained in government subsidies from the "consideration income" obtained by enterprises selling goods or services,and introduces a "net method" for accounting treatment of government subsidies obtained by enterprises,and clarifies that enterprises receive Accounting treatment of financial discount interest.The study found that: the subsidies obtained by the company for selling goods or services are accounted for in accordance with the "Accounting Standards for Business Enterprises No.14-Revenue",which improves the authenticity of operating income,and also improves the company’s ability to develop,operate,and solvency Index value;the accounting treatment of financial discount under the new standard will enhance the index value of the solvency and development ability of the enterprise,and reduce the index value of the enterprise risk level;adopt the "net method" to improve the matching degree of accounting information.However,the new standard does not clarify the applicable conditions and scope of the "netting method".In addition,the disclosure of accounting information related to government subsidies by different companies is not sufficient and uniform,which reduces the comparability of financial information among companies.