Pawnbroking Difficulties And Countermeasures Of The Implementation Of New Accounting Standards

Pawnbroking as an old industries, in recent years, is developing rapidly, pawn with finance quick, convenient and flexible features, in the social and economic life is playing an increasingly important role.Pawnshop accounting system due to frequent changes in the regulatory authorities rather than unified, and some implementation of the People's Bank in 1997's "Pawnshop basic system of accounting"; and some implementation of the "enterprise accounting system" or "small business accounting system"; Others implementation of the "Financial Accounting system." Pawnbroking implementation of the accounting system is not unified, pawn businesses normative accounting information provided by the lack of comparability, hindered the development of the industry standardization process, is not conducive to the industry regulatory supervision. July 20,2009, the Ministry of Finance issued a "pawn corporate executives" Enterprise Accounting Standards "provides a number of convergence" to regulate and fine-pawn industry-specific business, the accounting treatment for the pawn business unified accounting system.Since the new guidelines for the introduction of fair value, amortized cost, real interest rates and future cash flows discounted notions such as the accounting measurement basis is a significant change in accounting pawn industry will face in the practical level, a number of difficulties.In order to better adapt to the characteristics of pawn industry to meet the development needs pawn, pawn businesses should adopt the ways to promote the implementation of new accounting standards become a pawn current problems to be solved, this is the purpose of this study. In this paper, the theoretical level, first set out the nature and role of the pawn, and then analyze the characteristics of accounting pawn, analysis of new accounting standards impact on the pawn, pawn company is currently exploring the difficulties encountered in the implementation of new guidelines and techniques to deal with difficult specific measures. Put forward a specific response from the seven measures: First, pay attention to changes in philosophy; the second is to strengthen the departments to facilitate collaboration. Third, the new guidelines is to establish supporting accounting system.4 is to improve the overall quality of employees.5 is to increase technology development efforts, and actively promote the process reengineering care information systems development.6 books through the auxiliary to accurately account for the amount of taxable income.7 and other regulatory authorities to strengthen communication and coordination for the pawn business prudence to create a good external conditions. In short, the pawn industry, uniform implementation of new accounting standards convergence with the financial industry, is an irreversible trend. Pawn industry, small scale enterprises as a result, business and relatively unique, at present little research academic pawn, either in theory or from practice, with less experience to draw upon. However, with the rapid development of pawn, pawn of accounting are also increasingly subject to people's attention, particularly pawn practitioners and regulatory authorities are actively exploring the new system compatible with the practical approach. This paper presents seven concrete measures to guarantee that the new accounting standards are effectively implemented, for reference.