An Innovative Research On Consolidated Statements

Since the Third Plenary Session of the 18th Central Committee of the CPC,both the central and local authorities have gradually put forward a functional classification reform plan of State-owned Enterprises to solve a series of problems caused by last redlining policies.To classify the function of SOEs is an important measure to efficient reorganized and integration of state-owned capital under the background of the supply-side structural reform.An appropriate financial accounting system,which is matching to the new round of SOEs reform,can provide data support for performance evaluation of the reform on the one hand and can supply financial system guarantees for promotion of the reform on the other hand.The financial accounting system covers a wide range of contents.This paper only studied on the innovative theory and methods of accounting practice of consolidated financial statement based on the classified reform of SOEs.The necessity and importance for SOEs with different functional cooperates to prepare unique consolidated statement for different functional categories was definitude through to the domestic and international researches.This paper designed a framework of preparing classified consolidated financial statements and a set of alternative processing schemes in particular cases on the basis of the specific theory.The methods generally adapt the new supervising and managing requests.This paper also did its effectiveness and feasibility research by case study.The supply-side structural reform of SOEs is under way.As one of the most important pasts of the reform,the classified reform is also imperative and will proceed in an orderly way.This paper aims to put forward a series of solutions for the financial problems maybe faced in the reform,provide the reference for the design of the relevant rules forthcoming in China and regulate disclosure behaviors of the SOEs with different functional cooperates.