Accounting Standards for Enterprises No. 1 - Inventories International Comparative Analysis of improvement and文档.docVIP

Accounting Standards for Enterprises No. 1 - Inventories International Comparative Analysis of improvement and Abstract: The Ministry of Finance on February 15 issued the “Guidelines No. 1 - inventories” (hereinafter referred to as the new guidelines), with effect from January 1, 2007 onwards implemented within the scope of listed companies to encourage other corporate executives. New guidelines from the scope of its jurisdiction, recognition, measurement, disclosure and other aspects of inventory recognition, measurement and reporting of the disclosure are described and regulations. This article on the new inventory guidelines and the Ministry of Finance on November 9, 2001 release of “Enterprise Accounting Standards - Inventories” (hereinafter referred to as the old criteria) to be a difference between the changes in the specific comparison, at the same time on the new inventory rules and international accounting standards and other several countries on the stock to do the relevant provisions of the international comparative analysis. Keywords: Inventory; inventory criteria; Comparison A comparative analysis of old and new criteria (A) Overall assessment of A structural level, a more concise and clear. Originally belonged to measure the scope of the content (including: the initial measurement, procurement costs, processing costs, etc.) into a separate “Measuring” one chapter set out, compared to the old guidelines, the relationship between the various parts of the new guidelines is more compact and clear. And in which it emphasized the fundamental basis for standard-setting inventory guidelines, highlights the central position of the basic norms. . 2 content reflects a high degree of international convergence of accounting standards. This includes the revised definition of inventory (inventory “for sale” This feature has been strengthened), no longer separate the cost of inventories of commercial enterprises, reform of the issue of stock valua