The Plan For Implementing New Accounting Standards In Jilin Grain Group Co.Ltd.

Accounting is business language. And accounting standards is the specification of business language, which function is to make business stakeholders such as investors, creditors to understand the financial condition and operations through reading the financial accounting reports. Accountants as a specific executor of the Accounting Standards, is the key to the implementation of the standards. The new accounting standards system in its philosophy, architecture, as well as the specific content is an unprecedented innovation; the new accounting standards also increase the right of discretion in accounting. To understand, grasp and implement the new standards, accountants not only need the ongoing idea, well foundation and more dependent on the professional judgment. Jilin Grain Group Co. Ltd. (JGG) has to value two things very highly to implement the new accounting standards. One is to clear the new standards'influence on business performance, which is helpful to formulate appropriate accounting policies. The other is to conscientiously do a good job in the implementation of new accounting standards, such as training, connecting.In this paper, on the basis of the difference between the old and new accounting standards, it intended to find practical and feasible measures to implement the new accounting standards in JGG by analyzing enterprises'characteristics and subsequences. Paper is divided into four parts: the background of implementing new accounting standards; a brief instruction of JGG; work Schedule; the analysis on innovation subsequences.The first part mainly introduces the background of implementing new accounting standards and a brief guideline of JGG. Analysis of the implementation of new accounting standards proposed on the requirements of JGG. This instruction part includes the current implementation situation, JGG in the year of 2009 with new accounting standards, JGG's organizational structure, the industrial structure, the investment structure and a simple description of JGG's operation condition in the first half of 2008. The second part laid great emphasis on the work of implementation. The statement on JGG's tasks involved basic assignment and convergence-related work while implementing of new accounting standards. The basic assignments consist of learning and training'the new', starting to clean up the users'data, working well on inventory of assets and liabilities and further improving the internal control system; The convergence-related work is to formulate a unified accounting policies by the first group firstly, and then is to conscientiously work related to accounting convergence.The last two parts is the core of the paper and discussion. The third part analyzed conducted data and the possible from the changes of new accounting standard in JGG through from the balance sheet, profit and loss and other aspects, such as investment in real estate, inventory costs. Based on the analysis of the third part, the last part gives some suggestions on the major, including a comprehensive fiscal policy, asset liability accounting policies, project profit and loss accounting policy and other accounting policies.