Study On Debt Method Of Balance Sheet

With the reformation of accounting system and income tax system, the difference between accounting proceeds and tax gains expands day by day under the two systems′relatively independent condition. How to build a set of income tax accounting theory that is suitable to our national condition has already become a problem needing prompt resolved in our current accounting theory.Income tax accounting is an accounting method and procedure which takes financial accounting theory as basis, takes the difference between accounting proceeds and tax gains as calculate partner, takes providing useful decision-making information as target. As promulgation and implementation of our country's unified accounting system and specific criteria, accounting method and tax accounting method have greater difference than original industry accounting system. Thus income tax accounting′s status is more important. It has passed taxes payable method, deferred method, debt method of earning statement to debt method of balance sheet. "The 18th enterprise accounting standard ----income tax" that our country constitutes adopts debt method of balance sheet. This method is more scientific and reflects more all-round contents.Four chapters are included in this paper and the main contents are summarized as follows:ChapterⅠ: Introduction. This chapter narrates research background, research significance, research actuality of income tax accounting at home and abroad, research methods, as well as ideas to resolve the main issues, etc.ChapterⅡ: Theoretical basis of income tax accounting. This chapter primarily discusses the formation, development and character of income tax accounting, difference analysis of income tax accounting in China Standards and the International Accounting Standards. It focuses on evaluating income tax accounting treatments (taxes payable method, deferred method, debt method of earning statement) in detail.Chapter III: Study debt methods of Asset-liability View and Revenue-expense View. Through description of Asset-liability View and Revenue-expense View, this chapter compares debt methods of the two kinds of accounting methods, then using Marxist philosophy view, analyzes debt method of balance sheet.Chapter IV: Debt method of balance sheet applied research. This chapter focuses on the debt method of balance sheet appling in enterprise merger and assets devaluation, educing a reasonable process to deal with income tax impact′s of enterprise group internal transaction and tax adjustments in the period of preparation for asset impairment′s taxable income.The paper′s innovation lies in: From Marxist philosophy view, it analyzes debt method of balance sheet. Through appling debt method of balance sheet in enterprise merger and assets devaluation, it educes a reasonable process to deal with income tax impact′s of enterprise group internal transaction and tax adjustments in the period of preparation for asset impairment′s taxable income. Through hypothetical case, decomposing step by step, it analyzes abolition of various methods in detail, etc.These analysis and studies not only ensure the implementation of the unified accounting system but also avoid the changes of enterprises accounting calculation method which led to erroneous taxes payable. They have practical significance to normalize accounting practice in our country.