Study On Consolidated Financial Statement's Problems

Since the 20th century, with the worldwide enterprise groups speeding up the process and the growing needs of financial information from the different users, it has become one of the important studies for the international accountancy field to explore regarding to how to reflect the whole picture of the enterprise groups accurately and comprehensively by consolidating scientifically the individual accounting statements of the single enterprise. The new Enterprise Accounting Standard was issued on Feb, 15th, 2006 by the Ministry of Finance, of which Accounting Standard for Business Enterprises NO.33---Consolidated Financial Statements and its Guide made a detailed stipulation on the requirements, methods and information announcement based on China's actual conditions.Based on the predecessors'efforts, this paper made a general analysis on the stipulation of consolidated financial statements under the new accounting standard with a standardized research method. It mainly analyzed long-term equity investment, enterprises amalgamation and the effects on drawing up the consolidated financial statements made by the specific stipulation changes. Combining theories with investigation, it also interpreted the problems caused by implementing the new Consolidated Financial Statements standard, such as the consolidation theory, the scope and the consolidated accounting methods of the consolidated financial statements. In the end, this paper further studied the matters needing attention in implementing the standards, such as further clarifying the scope of the consolidated financial statements, adopting measures accordingly on the enterprises'part.