美国会计准则 中国会计准则 中国企业所得税简明对比表 (英文版).docxVIP

Comparison between US GAAP, PRC GAAP and PRC Tax – Part IMarch 20, 2012US GAAPPRC GAAPPRC TaxForm and Components of Financial Statements1. Balance Sheet 2. Income Statement 3. Statement of Cash Flows 4. Statement of ShareholderEquity 5. Notes to Financial Statements [Similar to US GAAP]CAS 30.2Annual Corporate Income Tax Return(13 forms)Related Party Transaction Forms(9 Forms)US GAAPdoes not requirecomparative information. However, SEC registrants are required to present balance sheets as of the end of the current andprior reporting periods and all other statements for the three most recent reporting periods.The presentation of financial statements of the current period shall atleast provide the comparative data of all items of the previous comparative period, as well as the explanations on the understanding of the financialstatements of the current period, unless it is otherwise provided for in otheraccounting standards. (CAS 30.8)No comparative information is required.SEC rules explicitly require subtotals for current assets and current liabilities (Regulation S-X, Rule 5-02) in balance sheet.[Similar to US GAAP.The assets and liabilities shall be presented as currentand non-currentassets and liabilities, respectively.] (CAS 30.12)N/AProperty, Plant and EquipmentProperty, plant and equipment is recognized initially at cost.[Similar to US GAAP](CAS 4.7)[Similar to US GAAP](CIT Law I/R 56)Property, plant and equipment is depreciated over its usful life.Straight line methodDeclining balance method??????????Sum-of-the-years-digits methodDepreciation based on use (activity)[Similar to US GAAP](CAS 4.17)Only deprecition computed by straight line method is deductible for CIT purpose. (CIT Law I/R 59) [Temporary difference]An item of property, plant and equipment is depreciated even if it is idle, but not if it is held for sale.Land is also not depreciated.[Similar to US GAAP. Investment Property–Building is not depreciated (a HFS asset)](CAS 4.14)Land is not depreciated.