The definition of advanced financial accounting

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					              Part 1
Introduction to advanced financial
        Disciplinary system of accounting
    Junior              Intermediate               Advanced
                         External reporting of    Special Accounting
                        Intermediate Financial   Advanced accounting

Basis of accounting     Internal accounting

Accounting Principles    Cost Accounting

                         Forecast Decision       Accounting Theory
                           Management            Accounting History
   Section I Advanced financial accounting theory

1、Advanced Financial Accounting emergence and development
  1.1 Led to the socio-economic development of modern accounting
  1.2 Fission difficult to cope with technological innovation of
  accounting resulting from the formation of a new corporate
  restructuring of the accounting issues
 Parent company to become a widespread social phenomenon.

 Major Western countries in the 1960s and 1970s general increase in
 Trade and investment liberalization, universalization of transnational
   Financial globalization, economic integration.
 Corporate mergers and acquisitions, bankruptcy trends sweeping the
    Section 2 Advanced financial accounting emergence
                    and development

   Infancy: the emergence of modern accounting to the 1940s
         First, the second wave of consolidation and the consolidated statements of wide
    application. Sustained, mild inflation and Sweeney "stable currenced accounting"
    published in 1936.
   Development period: the 1950s and 1960s
         Changes in the military industry to private industry and the production of lease
    accounting.The third wave of consolidation in the consolidated financial statements have
    been prepared.Persistent inflation and price changes accounting for the formation .The
    strengthening of the state income tax collection and the formation of accounting for
    income taxes.
   Maturity: the 1970s, especially after 80 years
         The formation of multinational corporations and foreign currency accounting
    business formation.The emergence and development of futures and futures accounting for
    the formation of increased inflation and price changes of accounting theory and model
    development and improvement.Fourth merger wave basic content and advanced financial
    accounting, process and methods of guiding the formation of the accounting profession
    and is widely recognized and accepted (now the era of knowledge economy, green
   The definition of advanced financial accounting

   Advanced Financial Accounting, with the social and economic
development, financial accounting for the original content to
supplement, extend and develop an accounting, that is inherent in
the use of financial accounting methods, financial accounting
does not include the existing business, as well as objective
changes in economic environment, some of the special business
to generate new ideas to reflect the accounting and supervision of
accounting. With accounting principles, intermediate financial
accounting complement each other, together form a complete
financial accounting system.
  Accounting assumptions and the formation of
               loose accounting
                                 Advanced Financial Accounting's business

                    Branch accounting, consolidated financial statements, segment reporting,
Accounting entity
                    fund accounting

                    Business liquidation, bankruptcy and reorganization

  Time period
                    Special accounting period and the profit or loss items

 Monetary unit
                    Foreign currency business accounting, accounting for price changes
   The definition of advanced financial accounting

    It is the use of traditional financial accounting theory and
methods, and new socio-economic conditions, development of
financial accounting theory and methods, new economic
conditions in general appear not to include the financial
accounting business or non-recurring special economic operations
of the accounting and monitoring, to have economic and business
stakeholders to provide useful financial accounting information in
decision-making and management activities.
     Objective economic changes in the environment
caused by the loosening of the accounting assumption
  is the basis for the formation of advanced financial

   loosening of the accounting entity assumption
   loosening of the going concern assumption
   loosening of the accounting period assumption
   loosening of monetary measurement assumptions
     Quality of accounting information required to
strengthen and extend the new accounting treatment
   with a fixed, thus contributing to the Advanced
    Financial Accounting into a separate section

   Related requirements
   Importance of the requirements
   Accurately reflect the requirements
   Comparability requirements
   Prudence demands
   Substance over form requirement
Quality of accounting information required to strengthen and extend
            its influence in accounting or business related
 Quality of accounting                 Transactionof advanced accounting
 Going concern principle   Users of financial statements assume that the records reflect
                           the business is going to continue its operations as opposed to
                           being closes or sold unless information is provided to the
 Monetary unit principle   Transactions are recorded based on a common currency and
                           not adjusted for changes in value
       Objectivity         Transactions must be recorded based on
                           independent ,unbiased, and verifiable evidence
  Time period principle    An entity’s activities are divided into specific time periods,
                           such as a year ,and reported on that basis.
   Matching principle      An amount may be ignored if its affect on the affect on the
                           financial statement is not important to its users
  Consistency principle    An entity must use the same accounting methods period after
                           period so that the financial statements of succeeding periods
                           will be comparable.
     Advanced Financial Accounting's research

   Enterprises of all types are possible special accounting
   Foreign currency translation accounting business
   Corporate income tax accounting business
   Special management industry specific accounting
   Lease accounting
   Oil and gas accounting services
   Insurance accounting
   Special subject of a special accounting business
   Business combination accounting business
   Consolidated financial statements of the accounting
   Partner Accounting
   Corporation and their respective branches of accounting
   Special economic period of special accounting
   Price changes of accounting
   Bankruptcy liquidation accounting
                      Teaching content
   1 Foreign currency translation accounting;
   2 contigent accounting matters;
   3 asset swap accounting;
   4 debt restructuring accounting;
   5 Borrowing costs accounting;
   6 Share-based payment accounting;
   7 to correct the accounting change;
   8 lease accounting;
   9 after accounting matters;
   10 business combination accounting;
   11 earnings per share;
   12. consolidated financial statements;
   13 income tax accounting;
   14 Accounting for Government Grants;
   15 partnership accounting;
   16 branches of accounting;
   17 price changes, accounting;
   18 bankruptcy liquidation accounting;
   19. Social responsibility accounting;
   20. Human resource accounting. Environmental accounting (green accounting)
 Section 3 Advanced financial accounting
               research methods
 1. The intermediate financial accounting as a
  starting point for in-depth study
  2. To all those who have the core characteristics
  of the accounting business, conduct special
  3. The close integration of theory and practice,
  focus on business analysis and examples of
  4. More multi-faceted, adhere to the "foreign",
  focusing on analysis of the practical problems

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