Research Of Asset Impairment Accounting

Asset impairment accounting has been a hot topic in the field of accounting for a long time.On February 15, 2006, our country issued"Enterprise Accounting Standard NO.8—Asset Impairment Accounting", which would be implemented since January 1st,2007.With the issue of enterprise accounting standard NO.8, asset impairment accounting has become the focus of both scholars and accountants.As an important accounting policy, asset impairment accounting plays a significant role in industry risk reversion and improvement of accounting information quality. However, the asset impairment accounting is still under development in our country, whatever in theoretic research,idiographic standardization or practical application. It is significant to bring new accounting standards to completion during practical application. The issue of new accouting standards of asset impairment is a big step for Chinese accounting reform. It will provide a solid foundation to standardize accounting behavior, improve accounting information quality and financial reports. Impersonally, asset impairment accounting standards still exist some shortcomings and need to be improved gradually.The paper begins from research background and significance of asset impairment accounting. Then, the paper analyzes the necessary of asset impairment, and discusses two important relevant problems: asset appraisal and fair value. Especially, the paper evaluates the new issued asset impairment accounting.As conclusions, the paper brings forward several suggestions on the improvement of asset impairment accounting standard. It's composed by six chapters as following:Chapter 1, Introduction. This chapter consists of five components,covering the research background,significance of the paper, analysis framework, research methods and shortcomings.Chapter 2, Economic analysis of asset impairment. The chapter will expound the theoretic foundation of the asset's definition and asset impairment. The analysis will be extended on the policy selection issue of asset impairment. In addition, the paper also discusses the international comparison and inspiration.Chapter 3, The theoretic analysis and method discussion of asset appraisal. The chapter introduces the practical history and development of our nation's asset appraisal. The analysis will focus on the theory, tool and method of asset appraisal. Atthe same time, the restricted factors are put forward for the development of asset appraisal in our country.Chapter 4, The econometric study of fair value. In this chapter,the author discusses the advantages and existing problems of fair value.Chapter 5, Discussion of the asset impairment accounting standards of China. The chapter introduces and assesses the development and frame of the asset impairment accounting of China according to the background of the issue of asset impairment accounting standards.Chapter 6, Conclusion. In the last chapter,the author generalizes the whole paper and takes the long view of the related issues.