Abstract
In order to standardize corporate accounting, real integrity to provide accounting information, the Ministry of Finance issued a new accounting guidelines, which will be issued to further strengthen the implementation of the accounting information supply constraints, effectively safeguarding investor's right to know, to make the public Rational decision-making to further promote the establishment and improvement of China's socialist market economic system, which will contribute to better play accounting guide the allocation of resources, to support scientific decision-making, strengthening management, and promote the rational allocation of building a harmonious society functions; help promote , deepen enterprise reform, and promote financial reforms, improve the financial function, the construction of a modern market system and improve the macro-control system is conducive to promoting China's enterprises better, more 'go out' and the introduction to 'thereby further promote the level of opening to the outside world continued to improve China to further optimize the investment environment, and steadily pushing forward China's accounting of the international development strategy to enhance the level of modernization of China's accounting.
This paper on the new accounting standards and previous accounting standards, compared to the new accounting standards and the Department of updating, such as impairment of assets, debt restructuring, inventory management, application of the fair value of the enterprise merger, the consolidated financial statements of the basic theory, Income Tax Accounting, and other aspects of the new enterprise accounting standards to the financial situation has had a major impact.
Key words: New Accounting Standards, Fair Value, Financial situation
