Issues Related To Asset Impairment Accounting

Nowadays, with the complication of economic environment and changing of technology, accountants and researchers have already paid close attention to assets impairment. IASB, FASB, UK and AASB all organized professionals and researchers to discuss assets (especially long-lived assets) impairment. All of them draw up accounting standard to restraint accounting operation and improve the quality of accounting information.China also made big progress in assets impairment accounting standard. In August 2005 the Ministry of Finance People's Republic of China (MOF) issued the draft of accounting standard of assets impairment. In February 2006, MOF issued the No.8 accounting standard of assets impairment, and it will be carried out in listed companies on January 1st 2007. It represented a milestone for China accounting.The author believed that, with more research on the accounting standards for asset impairment and its normative application both at home and abroad, it's of significance to learn and have a discussion on it. The author wants to be helpful on these questions.There all five parts in this dissertation, the main contents are as follows:Chapter 1, Introduction. This chapter introduces the motive of this dissertation, the overview of research results and research methods briefly.Chapter 2, the history and the theoretic analysis of asset impairment. In this chapter I make the development and some of the theories of assets impairment accounting clearly.Chapter 3, the recognition, measurement and disclosure of assets impairment accounting. Chapter 4, the influence of the assets impairment accounting on the listed companies' earnings. This chapter is the most importance of this dissertation. It included the interrelated data of asset impairment of listed companies in Shenzhen equity markets, for the year 2004 and 2005 and the influence of the 2006 accounting standard. After the all-around description of them, it came to the conclusion.Chapter 5, the problems of the new accounting standards of asset impairment and some recommendations in order to solve the problems.The findings: After the analysis of the new accounting standards of asset impairment deeply considering the reality of our country, I bring up some suggestions on improving our assets impairment accounting standard.