The argument to the asset impairment accounting under background of new Accounting Standards for Business Enterprises
Abstract
Under new accounting standards, the introduction of " Accounting Standards for Business Enterprises No. 8 - Asset impairment", along with China's rapid economic development and international needs, treated improving the quality of accounting information as the core activities, strengthening providing investors and communities the public decision-making concept of useful accounting information, constructing economic framework associated with China's socialist market economy firstly. The provisions of impairment of assets was not specific and perfect enough in the old guidelines , not only lacking of feasibility , but providing a circuitous space for enterprises to take advantage of impairment of this means of manipulating accounting information . Therefore, to study the existing requirements of long-term assets impairment, and to learn from international practices and to improve criteria of our asset impairment, it is of positive significance for improving the quality of accounting information.
This essay will mainly present the impact that application of asset impairment has laid on the enterprises and accounting staff by arguing some concepts about impairment of assets and identifying and measuring loss of assets in the group dealt with impairment, analyzing goodwill impairment testing and treatment of specific issues of the enterprises. Addressing thought of new guidelines under the new situation .Other than that, it is necessary for accounting staff to strengthen the training of professional judgment, strengthening financial and other knowledge, continuing to accumulating and training constantly, being a professional management staff with a higher theoretical level cultivation and high-quality .Their aims are to provide information to corporate investors, helping them make right decisions.
