An Exploration On The Accounting Issues Of Enterprise Joint Ventures

As the economy continues to develop, joint venture business become more and more popular. Joint venture in China’s economic life has gradually become an important form of business organization. However, The joint venture related content was standardized on the long-term equity application guidelines and the related application. There are no separate guidelines for joint venture arrangements, making this part of the guidelines are not targeted and practicability. It is not only bad for the development of accounting theory, but also harmful to practical operation of the guidance.February17,2014, the Ministry of Finance issued the "Enterprise Accounting Standards No.40-the joint venture arrangement." The standards shall be effective July1,2014. The Article through international comparison joint venture arrangements criterion found the existing differences. It pointed out that the guidelines are the result of a complex game between stakeholders. JV norms of international standards convergence is the result of the game between countries. Articles divided differences can be retained and the need to improve differences. This article analyzes the specific provisions of the guidelines and methods.And it put forward policy recommendations to improve and strengthen our joint venture norms of international convergence of accounting standards. The article discuss guidelines for the study of the joint venture, in order to fully understand, apply and improve our joint venture guidelines and strengthen the international convergence of accounting standards.