A Study On Accounting Information Disclosure Of Government Subsidies In Mining Industry

On May 10,2017,the Ministry of Finance issued "about printing of revision of<Accounting Standards for Business Enterprises no.16-Government grants > notice"(finance and accounting)[2017] 15 files,the rule of government subsidies was revised(hereinafter referred to as "the new standards"),to further standardize the recognition,measurement and presentation of the government subsidies,implemented since 2017.The revised guidelines add other revenue items,which are included in the project’s government subsidies as part of operating profit.In addition,the accounting treatment method of net method is added to allow the write-off of the book value of related assets or related costs and expenses by the government subsidy,which has an impact on the operating costs,various expenses,non-operating expenses and other items in the financial statements.Since the implementation of the new standards two years ago,how to implement the quality of the standards and the concerns of the report makers.Based on this,the research questions of this paper are as follows :(1)in the first year of implementation of the new standards,what changes have taken place in the disclosure of government subsidy information of listed mining companies in China? What are the problems?(2)will these problems be improved in the year after the implementation of the new guidelines? What are the new problems?After the implementation of the new standards,some scholars selected the transportation industry as a sample to analyze the disclosure of government subsidy information in the first year of implementation of the new standards,and concluded that there were some problems in comparability,clarity and reliability of government subsidy accounting information of listed companies.So is this widespread,and does it improve in the next year? This paper selects the listed mining companies with the largest government subsidies as samples,conducts a deeper study on the disclosure of government subsidy information under the new standards,and puts forward corresponding Suggestions for the existing problems,so as to ensure the implementation quality of the new standards.The research idea of this paper is to analyze the impact of the implementation of the new standards on the accounting information disclosure of listed mining companies with the largest government subsidies in China by combining the implementation of the new standards with the consideration of the first year and the second year of the implementation of the new standards.This paper studies the information disclosure before and after the implementation of the new government subsidy standards in the first year of the implementation of the new standards,and points out the problems in the information disclosure related to the government subsidy on this basis,and then explores whether these problems have been improved in the second year of the implementation of the new standards,and whether there are new problems.Through the research,it is found that in the first year after the implementation of the new standards,there are some problems in the disclosure of government subsidy information,such as the incomparability of similar government subsidy information,unclear disclosure of government subsidy information,and insufficient reliability of government subsidy information.In the implementation of the new standards in the next year there is still information disclosure can not be compared,and added different accounting period information can not be compared.Although the clarity of government subsidies has increased,the notes under related reporting items have also increased,and the number of separately disclosed companies has increased significantly,the problem of inconsistent format still exists.The reliability of government subsidy information is gradually improving,but the application of net accounting treatment is difficult.On the basis of continuously evaluating the quality of the implementation of the new standard in the first year and the second year,some Suggestions are put forward to improve the disclosure of government subsidy information.