Comparative Research On Accounting Of Intangibles In China And America

Intangible assets are resources, which are possessed by certain entity (i.e. enterprises), with no physical substance, long-term usage, expected economic interest, and certain rights can be obtained as well. As a kind of important resource for enterprises, though intangible assets have no physical substance, they play a significant role in the production and operation of an enterprise.Nowadays market-oriented economy, intangibles have remarkable effect upon the economic activities. It symbolizes how many core competitiveness the company owns by its quantity and quality of the intangibles. As the biggest developed country in the world, United States owns the most perfect capital market, and dominates in the management and operation of intangible assets. After entering into WTO, in order to integrate into global community totally and gradually, China published a new version of Chinese Accounting Standards in 2006, which marks the beginning of the convergence of our accounting standards to international rules. Therefore, it is of great significance to learn from some American advanced methods and achievements, which is on the issue of intangible assets'accounting problems.At first, this thesis gives an overview of empirical research on intangible assets in recent years. Through a comparison of conclusions and achievements between our theoretical research on intangible assets and that of America, chapter 2 analyzes the differences of history and forming reason between the two countries'intangible assets'accounting problems. In chapter 3, based on the rules'discrepancy it conducts quantitative analysis among sampled listed companies in a number of industries in terms of its proportion, structure and related information, with the purpose of exploring the gap between the two countries'intangible assets'accounting problems. Through sampling analysis on listed companies in three industries in China and USA, chapter 4 explores the correlation between different components of intangible assets and corporate operating performance, and analyzes the effects that intangible assets make in the operating activities. Studies find that a distinct category of intangible assets has a different degree of correlation with corporate operating performance, and intangible assets with high technology content have a comparatively significant effect on companies in the information technology industry. At last, by analyzing three cases concerning intangible assets'accounting treatment in China and America, this thesis parses the effects which are made on listed companies because of two countries'standards, and probes the current situation and limitations of intangible assets'problems, further to push and promote our country's research on accounting theory of intangible assets.