The Study On Debt Restructuring Standards

China's "Debt Restructuring Standards," since the Ministry of Finance was first promulgated in 1998 and implemented in 1999.First, in 2001 the original standards were revised, and require the use of retrospective adjustment of the 2000 annual financial statements, the implementation of the standards is actually less than the original 2002, and then to 2006 "debt restructuring standards," amended again, making debt reorganization of the norms and basically returned to the 1998 debt restructuring provisions. And repeatedly amended involved is the core content of the debt restructuring gains or losses, as well as accounting measures identified one of the fair value of the property or use. So far, the criteria for debt restructuring has gone through a repeated process of the development of twists and turns. With China's accession to the WTO, China's foreign economic and trade exchanges have become more and more frequent capital, transnational business enterprises listed, investment and financing the growing phenomenon, China's economic development increasingly inseparable from the international market, become an integral part of the international economy , as an international common language of business must follow international accounting convergence of the road to make China's real economic integration into the international economic system, which will help promote China's current implementation of the enterprises to "go global" strategy, comprehensively raise the level of opening up in China . In the domestic and international context, this paper to our debt restructuring standards for the development of time sequence, Recalling China's debt restructuring process of the development of accounting standards, analysis of the amendment and the main contents of reasons, the economic consequences, and so on, the aim of drawing lessons from history experience and objective evaluation criteria for debt restructuring in each historical period and the positive role of problems, and to accept the reasonable beneficial ingredients; then will our country in 2006, the new ""Debt Restructuring Standards,"" and the representative of a mature capital market in the United States debt restructuring norms and international accounting standards in the debt restructuring of the content of the comparison, can be seen by comparing China's accounting standards with international accounting standards convergence level. Finally, in 2006 China's "Debt Restructuring Standards" a number of issues, such as debt restructuring in the definition of a debtor's financial difficulties defined creditor concessions confirmation, as well as to amend the conditions of debt restructuring debt in the debt to be used for capital and fair value of the debtor's liabilities measurement, and so on, with the relevant laws, regulations and other relevant accounting standards commenced a preliminary discussion aimed at accounting guidelines for the future to further improve and develop suitable for China's national conditions and with international accounting practice coordinated high the quality of accounting standards by some thought.