The Study On The Difference About Assets Of "New Enterprise Income Tax Law" And "New Accounting Standard"

With the deepening of economic reform and sustainable development of the market economy, promote income tax system and continue to reform the accounting system. Pattern of our existing tax law is the fact that the business tax system in 1994 full of great change. Meanwhile, China's financial accounting system has also experienced sub-sectors from 1993 to 2000, accounting systems industry-wide uniform accounting system of a major evolution. March 16, 2007, of the Tenth National People's Congress adopted the fifth meeting of "The People's Republic of China Enterprise Income Tax Law", that the existing corporate income tax law. December 6, 2007, the State Council promulgated the "Regulations for the Implementation of the PRC Enterprise Income Tax Law" and on January 1, 2008 officially started. This is a major tax reform in China initiative is a major adjustment of macroeconomic policies, economic and social development in China will have far-reaching impact. February 15, 2006 Ministry of Finance issued the revised "Accounting Standards for Enterprises - Basic Standards" and "Ministry of Finance on the issuance of" Enterprise Accounting Standards No. 1 - Inventory 38 specific criteria such notice. " Since January 1, 2007 at the context of the implementation of listed companies, and encourage other corporate executives.The new guidelines move closer to international accounting standards to further promote the China Income Tax Law and the further separation of financial accounting. The new Enterprise Income Tax Law and the new accounting standards on the difference between assets has become China's current tax collection and financial accounting a serious problem. This is related to our financial accounting system, establish and perfect the Enterprise Income Tax Law and Development. From the income tax system and accounting reform, the new accounting standards and the new Enterprise Income Tax Law on the difference between assets exist. In this paper, the new Chinese Enterprise Income Tax Law of the existing and new accounting standards-based, comprehensive and systematic analysis of the differences between the two on the assets and their causes and made the difference and the coordination of the proposed approach.This article from the income tax law and accounting standards reform process as a starting point, focus on analyzing the new accounting standards and the new Enterprise Income Tax Law on the root causes of the difference of assets and specific assets of a number of major differences. Paper is divided into five main parts: the first part is an introduction, to choose a new Enterprise Income Tax Law and New Enterprise Accounting Differences on the assets of topics as the background, meaning, in the analysis of existing literature on the basis of that paper structure and research methods; the second part describes the evolution of corporate income tax system and accounting standards of the reform process; third part of the analysis of the income tax law and accounting standards differ in the source, including the basic differences between the basic assumptions, tax base differences and differences in measurement properties; fourth part yes right of the New Accounting standards and new enterprise income tax law differences of several major asset for the specific comparative analysis and that between the two on inventories, fixed assets, intangible assets, financial assets that exist in a number of differences. The fifth part of the corporate income tax law and accounting standards differences in the coordination of assets; the last part of the conclusions of this paper.Described in this paper is basically to study the new accounting standards and the new enterprise income tax law for the purpose of different assets, but also for the further study of the new accounting standards and the new Enterprise Income Tax Law on the practical application of asset basis differences.