中华人民共和国法律法规/企业会计准则

Article 2 These Criteria shall be applicable to all enterprises established within the territory of the People's Republic of China.

Chinese invested enterprises eslablished outside the territory of the People's Republic of China (hereinafier referred to as enterprises abroad) shall be required to prepare and disclose their financial reports to the relevant domestic departments in accordance with these Criteria.

Article 3 Accounting systems of enterprises shall be formulated in compliance with these Criteria.

Article 4 An enterprise shall accurately account for all its business transactions actually taken place, and record in reliable reports all the business activities of the enterprises itself.

Article 5 Accounting and financial reports shall be based on the presumption that the enterprise shall carry on its operation in a continuous and regular manner into the foreseeable future.

Accounting periods may be a fiscal year, a quarter, or a month, commencing on the first days thereof according to the Gregorian calendar.

Accounting periods may be a fiscal year, a quarter, or a month, commencing on the first days thereof according to the Gregorian calendar.

Article 7 The Renminbi shall be the bookkeeping base currency.

A foreign currency may be adopted as the bookkeeping base currency for enterprises which conduct business transactions mainly in foreign currency.

Enterprises abroad shall convert their foreign currency business transactions into Renminbi in preparing financial statements to the relevant domestic departments.

Article 8 The debit and credit double entry bookkeeping technique is to be adopted for recording all accounting transactions.

Article 9 Accounting records and financial reports shall be formulated in the Chinese language.

Article 10 The accounting records and financial reports shall be based on business transactions actually taken place, and truthfully reflect the financial position and operating results of an enterprise.

Article 11 Accounting information shall be designed to meet the requirements of national macro-economic control, to satisfy the needs of all concerned external users to understand an enterprise's financial position and operating results, as well as the needs of enterprises to strengthen internal management and administration.

Article 13 Accounting methods used shall be consistent from one period to the other and shall not be arbitrarily changed.

Where changes are absolutely necessary. the changes and reasons therefor and their impact on an enterprise's financial position and operating results, shall be indicated in the financial statements.

Article 16 The accrual basis of accounting shall be adopted in accounting records and financial reports.

Article 19 The values of all assets are to be recorded at historical costs at the time of acquisition.

The amount recorded in books of account shall not be adjusted even though a fluctuation in their value may occur, except otherwise stipulated by the State.

Expenditure shall be regarded as revenue expenditure where the benefit to the enterprise is only related to the current fiscal year; and as capital expenditure where the benefils to the enterprise last for several fiscal years.

Article 21 Financial statements shall reflect comprehensively the financial position and operating results of an enterprise.

Article 22 Assets are economic resources, which are measurable by money value, and which are owned or controlled by an enterprise, including all property, claims, and other rights.

Article 23 Assets shall normally be divided into current assets, long-term investments, fixed assets, intangible assets, deferred assets and other assets.

Article 25 Cash and all kinds of deposits shall he accounted for according to the actual amount of receipt and payment.