The Comparative Research On The Income Tax Accounting Standard

Income tax in China's economic life is playing an increasingly important role, accounting and tax system with the continuous deepening of reform, income tax accounting once again become a hot discussion. Through reviewing the evolution process about the income tax of Chinese and foreign accounting standards, comparing the new income tax accounting standard with the international criteria, and finding out the sameness and differences, and "Accounting Standards for Business Enterprises No. 18 - the income tax" as an example, the comparative analysis of China's old and new income tax Accounting standards in the accounting of income tax accounting methods, as the debt method based on balance sheet for an example, from a systematic and comprehensive theory of comparative to the old and new accounting processing method of corporate income tax, and through the statistical information analysis of annual reports of listed companies and a case studies that analysis the impact of implementation of the new income tax accounting standards to the net assets of listed companies.Based on the theory of income tax accounting standards and substantive analysis of the main draw the following conclusions:1. The new income tax accounting standards and international convergence in the same time, remain with Chinese characteristics. Compared to the new guidelines of international norms provides a relatively simple, off-balance sheet debt of the relatively low level of the request, which fully considered the actual situation in China, making the international accounting standards and there are still some gaps.2. In income tax accounting treatment of the various methods of analysis can be seen, debt method based on balance sheet compared to the traditional income tax accounting method has obvious advantages, it reflects the economic impact that the old accounting policy has not been reflected in some special operations such as mergers, restructuring, asset assessment, fully and completely reflecting the accounting and payment process of corporate income tax and thereby provide more useful information for decision-making. 3. Through the finishing collection of the "Shanghai 50" annual report, analysis of the income tax impact of the debt method based on balance sheet to the first implementation of the listed companies, statistics show that the new method of listed companies after the cost of a 88 percent income tax were affected, making the net assets of listed companies have significantly changed the situation at the same time. "Dongfeng Automobile," the annual report as an example, a detailed analysis of the adjustment factor on the temporary differences and the impact of net assets arising from the first implementation of income tax accounting standards to the listed company.The implementation of the new income tax accounting standards is an important expression of the "asset-liability view point " that not only enhances the comparability of the accounting information, but provides the more complete information of the enterprises financial statements. However, the implementation of the guidelines there are still some problems, the final paper provides the related policy recommendations to these issues.