CCH
Loose-leaf and 4 updates
US$355
Description:
As a major step towards economic globalization and capital market, the Ministry of Finance of China promulgated a revised set of Accounting Standards for Business Enterprises - referred to as ASBE 2006 - implemented in February 2006, which comprises one Basic Standard and 38 Specific Standards and Implementation Guidelines, which were promulgated on 30 October 2006.
Listed enterprises in China are required to implement ASBE (2006) from 1 January 2007 onwards, and other enterprises are encouraged to apply them. ASBE requires enterprises to provide users of financial statements with more relevant, reliable and transparent information, and will have a significant impact on the financial position, operating results, cash flows, and accounting system of enterprises that implement it. ASBE will be broadly adopted by enterprises across China that expect to enhance the quality of financial reports and decision-making, even currently they are not obliged to do so.
This sequence of the China Accounting Preparation Series: Accounting for Particular Events and Special Transaction (CAPSST) explains the special accounting treatment in detail for particular events and special transaction such as First-time Adoption of ASBE, Leases, Share-based payment, Accounting for Financial instruments, Business Combinations based on accounting workflow. The book also provides guideline for the enterprise to evaluate its own operation and internal control proposed from the business units.
The product is expected to help professionals to solve problems originated from advanced accounting practice and can be used as an essential tool for advanced accountants and professionals who are required to handle such business units of enterprises. It also serves as useful information and reference for auditors and consultants who work with the Chinese Accounting Standards ("CAS").
Features & Benefits :
Detailed and systematic analysis on China GAAP in a plain and straightforward manner
Comprehensive commentary with practical worked examples, for easy understanding
Friendly use and practical reference
Well-structured index and legislation finding list
Up-to-date renewal to keep it effective all the time
Adherence to ASBE (2006), full coverage, and comprehensive illustration for key issues
Written by experienced and top professionals, including partner from associates and famous professors from university
Contents Include :
First-time Adoption of Accounting Standards for Business Enterprises
Changes in Accounting Policies and Estimates, and Corrections of Errors
Events after the Balance Sheet Date
Foreign Currency Translation
Share-based Payment
Accounting for Financial Instruments
Leases
Debt Restructuring
Exchange of Non-monetary Assets
Business Combinations
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