On The Accounting Law Revised And Improved

From the establishment of new china to the year of 1985, the first accounting law of the People's Republic of China (hereafter referred to as "accounting law") was issued and implemented. It has finished the state that replacing of the accounting law with the accounting system in our country, and has carried on revision twice successively in 1993 and 1999. Each revision is complied with the requirement for economic development, and each revision makes China's accounting system has undergone a significant change. This law has great practical meanings in accounting work. It can regulate the accounting behaviors of each unit, ensure that the accounting materials are true and intact, strengthen financial accounting and economic management, improve the quality of accounting information and make the management function of accounting affairs more efficiently. However, with time changes, the current "accounting law" which has been implemented over 10 years, brings some new problems such as the distortion of accounting information, out of control of accounting supervision, lack of the operation mechanism of accounting law, short of guarantee for accounting personnel's legitimate rights and interests, lack of the procedure setting of legal affairs accountant and so on. These need to be revised and improved the relevant legal clauses. This paper will offer some suggestions of revision and improvement from the following aspects:the distortion of accounting information, the ownership of accounting responsibility, imperfect accounting law operation mechanism, out of control of accounting supervision, lack of the operation mechanism of accounting law, guarantee for accounting personnel's legitimate rights and interests, entry of legal affairs accountant into accounting procedure. These will promote the continuous improvement of the current accounting law and the rapid development of accounting enterprise.