Research On The Application Of Accounting For Asset Impairment In HK Company

With the rapid development of the global economy,the business environment is constantly changing,leading to business prospects are full of risk and uncertainty factors,the profitability of enterprises will lose the balance of the past.In order to ensure the profitability of the enterprise itself,listed companies use accounting methods to whitewash the company's financial statements in order to beautify the financial data means to attract investors to invest to get the proceeds.Due to the special nature of asset impairment accounting,making it the key to the adjustment of profits.So in recent years,asset impairment has been widespread concern,China has also promulgated the assets and assets related to the reduction of laws and regulations.By drawing on the international advanced experience and combining with the actual situation of China's economic development,asset impairment as a new item appeared in the 2006 edition of Accounting Standards for Business Enterprises.And the formation of asset impairment accounting confirmation,measurement and disclosure,and other aspects of the strict rules,reflecting the authenticity of the assets for financial information users to provide real and relevant accounting information.In this paper,based on the study of scholars at home and abroad,this paper starts from the theoretical analysis of asset impairment accounting,takes the case analysis method and literature review method as the main research method,studies the present situation of asset impairment application,As well as problems in the process of confirmation,measurement,reversal and disclosure.In this paper,HK Company,for example,its 2010 to 2015,the company's asset impairment losses on the provision and return to the impact of profit analysis,mainly found the following questions: the company's financial staff to determine the lack of capacity;The profitability of the information disclosure system is not complete and the audit institution does not act in the way that the long-term assets can be withdrawn but can not be transferred back Supervision and so on.Finally,the author puts forward the corresponding suggestions from the aspects of internal management and enterprise external environment respectively.Through the above description,this paper puts forward the unique understanding and suggestion to regulate the application of asset impairment accounting.