The definition of advanced financial accounting

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Part 1
Introduction to advanced financial
accounting
Disciplinary system of accounting
Junior
Intermediate
External reporting of
accounting
Intermediate Financial
Accounting
Basis of accounting
Accounting Principles
Advanced
Special Accounting
Advanced accounting
Internal accounting
controls
Cost Accounting
Forecast Decision
Accounting
Management
Accounting
Accounting Theory
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
fission
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
inflation.
 Trade and investment liberalization, universalization of transnational
business.
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Financial globalization, economic integration.
 Corporate mergers and acquisitions, bankruptcy trends sweeping the
globe.
Section 2 Advanced financial accounting emergence
and development
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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
accounting)
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
Accounting
assumptions
Advanced Financial Accounting's business
Accounting entity
Branch accounting, consolidated financial statements, segment reporting,
fund accounting
Continuing
operations
Business liquidation, bankruptcy and reorganization
Time period
principle
Special accounting period and the profit or loss items
Monetary unit
principle
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
accounting
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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
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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
information
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
contrary
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
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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
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Special subject of a special accounting business
accounting
Business combination accounting business
Consolidated financial statements of the accounting
business
Partner Accounting
Corporation and their respective branches of accounting
transactions
Special economic period of special accounting
Price changes of accounting
Bankruptcy liquidation accounting
Teaching content
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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
studies
3. The close integration of theory and practice,
focus on business analysis and examples of
presentation
4. More multi-faceted, adhere to the "foreign",
focusing on analysis of the practical problems
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