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The authenticity of accounting information between research and asset impairment


Summary of the asset impairment accounting information theory and its impact on the proposed measures to improve the authenticity of accounting information. Keywords asset impairment accounting information authenticity in December 2000 the Ministry of Finance issued the preparation, its far-reaching. To further improve the business, should have realized the real meaning of an accurate grasp of the accounting treatment methods. And recognition of the difficulty and possible impairment of the negative impact of accounting information should have a clear understanding of, and active exploration and research. Chinese papers League finishing. 1 theory impairment of assets is an enterprise asset impairment loss of assets that may occur, their loss is expected to confirm in advance the amount of loss and the obligation. New . Impairment of assets, including inventory impairment, impairment of long-term investment, commissioned loan impairment, impairment of fixed assets, construction in progress of impaired assets and impairment of intangible assets, etc., covering all enterprises in addition to foreign currency funds assets. 1.1 reflects the provision for asset impairment accounting elements of the essential characteristics of assets transaction events and owned or controlled by an enterprise resource. The resource is expected to impose an economic benefit. The latest from the definition of assets, we can see, If an asset's economic benefits will flow to companies expected to occur impairment, the impairment of assets not meet the definition of some, if not as part of the value of assets in the enterprise an essential feature of the expression. 1.2 provision for asset impairment accounting conservatism reflected in the market economy principles enterprises to become independent economic entities, production and management in a highly competitive social market economy in the face of the inevitable existence of the law of value operational risks. Enterprises should be stable, sustainable development, in accordance with sound principles need to be accounted for. Decline in the value of corporate assets, the impairment loss is recognized, the amount to report a lower value of the assets, can enhance their ability to cope with risk. 1.3 reflects the provision for asset impairment accounting principle of objectivity through the provision for asset impairment, can be corporate assets in the and completely reflect the financial position, operating costs and cash flow, elimination of the economic development of the bubble, as investors,[link widoczny dla zalogowanych], creditors, regulators, and other accounting information users provide a reliable, convenient and useful information. 1.4 reflects the provision for asset impairment and further convergence of international accounting standards as a common worldwide accounting commercialization of economic language, as the world economic integration, which calls for States to produce accounting information to a more comparable. In addition China has joined WTO, enterprises to go abroad, to foreign capital markets in raising funds, the most important point is that accounting and financial reporting should follow the international practice. 2 Asset impairment and Accounting Information Theory and Its Relationship 2.1 provision for asset impairment can be more truly reflect the value of the assets and profits order to improve the quality of accounting information of enterprises, Enterprise Accounting System The current enterprise computing should be the amount of provision for impairment of assets have been if the provision for asset impairment than the book balance, the difference should make mention of their impairment; if less than the provision for asset impairment of the carrying amount of , the difference should be reversed any more impairment of assets, but offset against the impairment of assets is limited to the provision for impairment of the carrying amount of assets. Under this provision, an impairment loss has occurred should be provision for impairment of assets in financial statements prepared in accordance with the balance after deduction of impairment reflects the value of the assets, and impairment of assets through profit or loss as a loss, so can be more truly reflect the value of assets and profits, to improve the reliability of accounting information has a very important role. 2.2 for impairment of assets to improve the reliability of accounting information, but also to provide the opportunity manipulating corporate profits, and thus the quality of accounting information to the enterprise brought new problems provision for impairment of assets of the principle only provide for the accrual method, the proportion of provision determined by the enterprises themselves according to the specific circumstances of the case, the conditions for recognition of the impairment of assets, some also only made a general description, need accounting officer under the market price of assets, profitability, etc. to judge operability is not strong. When the provision for asset impairment, asset impairment measurement standards prevailing market price, the recoverable amount, net realizable value and so on. However, the current lack of activity in some areas of the market, the market price of certain assets is difficult to obtain, given the difficulties of measuring a certain extent. Because impairment in the presence of these uncertainties, and therefore provision for asset impairment on the one hand a large accounting staff to give the professional judgments of space, but also makes provision for the impairment of assets has a certain subjectivity and uncertainty, to provide a convenient manipulation of corporate profits. 2.3 from the long-term perspective, the provision for asset impairment and can not really reflect the sound principles of accounting information, there is no continuity robust provision for asset impairment on the impact of accounting information is not only an accounting period , but several accounting periods, that is, the accounting provision for asset impairment and disposal of assets of the accounting period. For this reason, whether the provision for asset impairment, such as envisaged in line with sound principles, it becomes questionable. Because the current provision for asset impairment, reducing the book value of current assets and current profits, and when the asset disposal, the disposal of assets or loss should be offset against the calculation of the provision for impairment of assets, will result in revenue increase, the result is the loss of current during the turn of the proceeds of the disposal of assets, that is the sound of the reflected, while the next is not reflected sound.