Research Of Asset Impairment Accounting

For a long time, in China, the phenomenon of false business assets and inflated or virtually reduced profits are increasing, despite repeated prohibitions. The direct reason is that business managers ignore the laws, regulations and professional ethics, and change financial information according to the needs of their own arbitrary control; however, the most fundamental reason is that there are loopholes in accounting standards and relevant laws and regulations on asset impairment, so many people take advantage of these loopholes cherishing a variety of purposes. By means of analyzing listed companies' data about impairment of assets, this paper tries to explore whether our existing assets impairment regulation plays an expected role, and bring up improvement measures on the theory and practice of asset impairment accounting. In this paper, framework is divided into six parts:The first part is an introduction. This part introduces the research background, motivation of topics, the research status for asset impairment accounting at home and abroad, research methods adopted and the overall framework of this paper.The second part is about the generation and development process of asset impairment accounting. This part reviews the generation and development process of asset impairment accounting at home and abroad, explores the ideological source of assets impairment and the rationale according to which asset impairment accounting emerged and developed.The third part is the overall review of asset impairment accounting. This part introduces several relevant concepts:assets, asset impairment and asset impairment accounting.The fourth part is about the recognition, measurement and disclosure of asset impairment. This part expounds the relevant theories of asset impairment's recognition, measurement and disclosure, and compares our existing regulations with the old accounting system on the recognition, measurement and disclosure of asset impairment.The fifth part is one of the important parts of this article. Descriptive statistical analysis method is adopted to analyze listed companies'behavior about asset impairment before and after the provision of the new accounting standards, and a typical case is used for further study.Part VI summarizes the problems of asset impairment in listed companies, put forward measures to improve asset impairment accounting, and point out the study limitation of this paper.In this paper, normative research, case studies and descriptive statistical analysis method are adopted. The paper will focus more attention on listed companies'data after the implementation of the new accounting standards about the asset impairment, in order to check out if the implementation of the new accounting standards can restrain steering profit.