Research On The Accounting Treatment Of Tate-owned Enterprises' Bankruptcy And Liquidation

State-owned enterprises are the backbone of China's national economy.In the era of commodity economy that emphasizes the survival of the fittest,innovative methods and methods must be used to make state-owned enterprises become larger,stronger and super-excellence.In the process of state-owned enterprise reform,bankruptcy is one of the important ways.With the promulgation of the new “Bankruptcy Law”,China's original “Provisional Regulations on State-owned Enterprises' Pilot Bankruptcy Related Accounting Treatment” has failed to meet the needs of corporate accounting for bankruptcy and liquidation.In order to further improve and guide corporate accounting for bankruptcy and liquidation,the Ministry of Finance officially issued the “Regulations on Accounting Treatment of Bankruptcy and Liquidation of Enterprises” in December 2016.Bankruptcy and liquidation accounting is different from general corporate financial accounting.Its purpose is to reflect the bankruptcy liquidation process and results of corporate accounting.This article mainly through the network,books,and consult the relevant scholars on the bankruptcy and liquidation accounting treatment research data,the use of comparative analysis,induction and summary methods,combined theoretical knowledge and work practices,make further study on a state-owned enterprise Oriental company involved in the bankruptcy liquidation process with the accounting processing,the preparation of liquidation statements,and the accounting treatment and the impact on the statements of its parent company,Company C,caused by the bankruptcy liquidation of Orient Corporation.The bankruptcy accounting subjects in their bankruptcy and liquidation accounting analysis are ambiguous,the accounting period is not clear,the estimated net liquidation value is inaccurate,the disposal of bankruptcy assets is not marketized,the accounting title setting of bankruptcy liquidation is not detailed,and the disclosure of statement notes is incomplete.From the aspects of improving the bankruptcy and liquidation accounting system and improving the construction of the team of liquidators,corresponding suggestions for improvement are proposed.Finally,from the case of Orient Corporation,it pushed other state-owned enterprises to provide suggestions for the operation of the state-owned enterprises' bankruptcy liquidation accounting in the new situation,thereby promoting the development and perfection of the state-owned enterprises' bankruptcy liquidation accounting theory,and achieving study value for improvement oftheory and guiding practice.