Research On Issues Related To The Implementation Of Current Inventory Standards

At present,the Accounting Standards for Business Enterprises No.1-Inventory is a specific enterprise accounting standard revised on the basis of the Accounting Standards for Business Enterprises-Inventory issued in November 2001.It has been 16 years since the code was officially implemented on January 1,2007.Since inventory occupies a considerable proportion in the assets of many enterprises,whether the inventory standard is effectively implemented has become a problem worthy of attention,because it is directly related to the quality of financial information of many enterprises.The effective implementation of inventory standards must first meet two basic conditions: high quality inventory standards and competent accounting personnel.If the inventory standard itself has problems and the accountants lack competence,the inventory standard is difficult to be effectively implemented.In this sense,it is more important to pay attention to the inventory standards and to those who implement them than to the effective implementation of the inventory standards themselves.Based on this,this thesis carries out the research on the implementation level of inventory standards,and through the research finds and points out the problems facing the implementation level,which have a significant negative impact on the implementation effect.On the basis of sorting out the relevant theories of accounting standards and inventory standards,this thesis first analyzes the content of the current inventory standards from the perspective of the executor.By analyzing the content of inventory standard and comparing it with IAS 2-Inventory,the following problems of the existing inventory standard are pointed out: In the definition,there are ambiguous expressions,the phenomenon of using undefined terms,the lack of logical rigor in the writing,the conflict between the description of different provisions involving the measurement method of inventory cost,the disconnection between the content of inventory cost measurement and the reality,and the inability to obtain the authoritative expression that LIFO is banned.Secondly,it investigates and analyzes the status of the current inventory standard implementers themselves.The investigation is based on the following two aspects which mainly affect the implementation effect: the cognition status of the inventory standard implementers to the accounting standards and the professional quality status of the inventory standard implementers.This thesis collects objective facts by means of questionnaire survey and collecting relevant information from financial reports of listed companies,so as to obtain the basis for analyzing the status of performers.Through the analysis,it is found that the current inventory standard practitioners generally lack the necessary cognition of the value of accounting standards,have little understanding of the practical use of accounting standards,generally lack the necessary professional knowledge,weak professional skills and limited professional judgment.All these problems have a negative impact on the implementation effect of the current inventory standard.In order to confirm the seriousness of the above problems,this thesis simulates a possible scenario in reality,integrates various problems pointed out in the previous analysis into it,and then confirms the damage of the problems pointed out in the previous scenario to the quality of financial information through the analysis of the events in the scenario.Finally,in view of the problems pointed out above,this thesis makes further analysis of the relevant reasons,and on this basis,puts forward some suggestions to solve the problems.