The New Accounting Standards On Financial Analysis Of The Impact Study

On February 15, 2006, Ministry of Finance had promulgated a new accounting criterion which included one basic criterion and 38 concrete criteria. It has been implemented on January 1, 2007, and encourages other enterprises to carry out. The first level of the new accounting criterion system is the basic criterion which plays the control role. The second level is 38 concrete criteria. The basic criterion mainly standards accounting goal, states basic accounting supposition, requirement for accounting information quality, essential factors for accounting confirmation and measurement principle.The article includes four chapters. The first chapter compares the new accounting criteria with the old accounting criteria from two levels: the basic criterion and the concrete criterion. The second chapter has analyzed the influence of the difference between the new and old basic criterion on financial analysis. The third chapter takes the whole considers to analyze a banking industry. The fourth chapter produces the conclusion and proposes the limitation.The new criterion implementation involves the massive theories and actual questions. Implemented on January 1, 2007, the investor, the creditor, the government and each parties concerned has already and will certainly face more questions, this article will carry onthe discussion about the financial analysis that the new criterion influences.