Research On Relative Problems Of Accounting Standards For Small Enterprises

In the present era, whether it is from a single country aspect or the whole world aspect, the role that small enterprises are playing is prominent. At the same time, with the mounting up number of small enterprises, the problems arising from accounting measurements and disclosure issues of small enterprises are rapidly brought to the forefront by the accounting society. It is generally recognized that the existing accounting standards are mainly for big and medium-sized enterprises, whereas few concerned about small enterprises. As one of the most authoritative international accounting organizations, ISAR firstly attached sufficient importance to the accounting problems of small enterprises and held a conference in Geneva to highlight the key points in solving those problems in 2000. Then, IASB was nominated as the international organization to develop the accounting standards for small and medium-sized enterprises. IASB soon released the exposure draft of International Financial Reporting Standard for Small and Medium-sized Entities to widely collect opinions and suggestions globally, and finally released the International Financial Reporting Standard for Small and Medium-sized Entities in 2009, expecting that the standards can receive most widespread support and adoption.In China, small enterprises accounting system has been the "yardstick" to regulate the accounting activities of small enterprises for many years. However, the imperfections of the system have become increasingly prominent after years' practices. In this context, Accounting Division of People's Republic of China releases the exposure draft of Accounting Standards for Small Enterprises at the end of 2010, hopefully to receive opinions from both academic and practical circles. Under these circumstances, by considering the specific conditions of China and the related experience of other countries, to discuss the hot-spot issues of the exposure draft is of prominent importance. It is not only necessary in the improvement of the accounting norm system, but also has significant impact on the overall economic development of China. This paper is divided into five parts. The first part mainly elaborates the background and relative research conditions of accounting standards for small enterprises. The content of the second part is the development process and the status quo of China's accounting system, the necessity of the accounting standards for small enterprises is shown in this part. The third and fourth parts introduce the basic information of IFRS for SMEs and China's accounting standards for small enterprises. Then base on the preceding four parts, the fifth part mainly discusses several key issues in the exposure draft of China's accounting standards for small enterprises. It is the key part of this thesis and it gives out personal ideas of the current situations and improving advices.