Theory Research Of Asset Impairment Accounting

With the development of market economics and the advance of science andtechnology, the needs of the accounting practice to the asset impairment accountingbecome greater and greater. Nowadays, though the accounting circle has made a greatprogress in the research of the asset impairment accounting, we can't agree on someissues. In the point of theory, this essay want to inquire into the theoretical questionson the asset impairment accounting and the construction of the asset impairmentaccounting procedure, and hope to make a little contribution to the development of theasset impairment accounting. History may enlighten us to realize today and anticipate future. So the first partof this essay simply review the history development of the asset impairmentaccounting, and hope to see the source of the asset impairment ideas and the basic ofasset impairment theory. This part also simply introduce the development of the assetimpairment standard, and through the introduction, we can see the effect to thepractice of guidance and promotion of the asset impairment accounting theory. The second part inquire into the theoretical questions on the asset impairmentaccounting, and hope to understand the basic accounting questions; in the same time,hope to eliminate the misunderstanding about the asset impairment accounting. Thispart mainly introduces the relation of the asset impairment and the substance of theasset, the valuation of the asset, the depreciation, the accounting professionaljudgments, the fluctuation of price, and the accounting principle. On the base of the inquire into the theoretical questions on the asset impairmentaccounting, the third part start from four element comprising the general accountingprocedure to attempt to construct the procedure of the asset impairment accounting inthe point of theory.