Research On The XBRL Taxonomy Of Small Enterprises Accounting Standard In China

As the Small Enterprises have the special economic status in the world, Countries have attached great importance to the examination and development about SMEIFRS(Small and Medium Enterprises International Financial Reporting Standards) and its XBRL Taxonomy.In July 9th,2009, "SMEIFRS" was issued, which marked an important step for SMEs(Small and Medium Enterprises) in the global convergence of finance reporting. China's ministry of Finance published the Small Enterprises Accounting Standards (draft), and then issued the Small Enterprises Accounting Standards, which can solve the problems for Small Enterprises in the application of accounting standards.The official version of 2010 IFRS(International Financial Reporting Standards) XBRL Taxonomy was released in Apr.30th,2010, which contains SMEIFRS, then being updated to 2011 edition in Jan.26th,2011. China issued the "XBRL series of national standards" and "Enterprise Accounting Standards General XBRL Taxonomy" in Oct.19th,2010, it is very significant in the global convergence.This paper has based on the publish of Small Enterprises Accounting Standards (draft), Small Enterprises Accounting Standards and Enterprise Accounting Standards General XBRL Taxonomy, at same time, we have cooperated with the company of Yongyou Changjietong. In the paper, we will research on the developing process and Preparation basis of foreign "SMEIFRS XBRL Taxonomy" and national "Enterprise Accounting Standards General XBRL Taxonomy", reference them to develop "Small Enterprises Accounting Standards XBRL Taxonomy (beta)", and then make recommendations for the XBRL Taxonomy of Small Enterprises Accounting Standards in China.