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Wysłany: Pią 15:28, 15 Kwi 2011
Temat postu: State-owned holding company of financial and accou
State-owned holding company of financial and accounting issues
Formation of state-owned holding company under the conditions of the socialist market economy reasonable position to explore the state-owned property rights and improve the operational efficiency of state-owned assets, the new ideas. Advancing the state-owned holding company in the property management system, adjust the industrial structure, optimize resources and improve overall operating efficiency of state-owned assets, and promote the fundamental transformation of economic growth has been made certain achievements. However, China's state-owned holding company, after all, in the exploration and development stage, research found that, regardless of bureau in charge of industry restructuring state-owned holding company reorganization of the administrative headquarters of state-owned holding company, or large enterprises or enterprise groups formed by the authorized management state-owned holding company, in their formation and operation of both exposed many problems. This paper focuses on the state-owned holding company formation and operation of the existence of financial and accounting issues of shallow. Chinese papers League finishing. First, capital of the confirmation and definition of the problem 1. State capital and the legal definition of capital. State capital and the legal definition of capital to state-owned holding company itself, the current reached a more consistent view: the state-owned holding company capital of the state capital. The problem is that state-owned holding companies to invest in state-owned assets under the company's value is owned by the company listed in the national capital or corporate capital. The view that: should be listed as the corporate capital-funded companies, because the state-owned holding companies to invest in the company's capital is not necessarily affiliated national capital, but also may include loan capital. Another view: state-owned holding company, the state capital of its subsidiary companies is in fact the sum of the capital, the capital of the state-owned holding company and its subsidiary companies to the sum of capital are equal in value, therefore, advocated owned company to be listed as the state capital. I believe that: Since the state funding of state-owned holding company, the lack of clearly defined policies, the state-owned holding company subsidiaries are classified as investments in corporate capital or state capital are inappropriate. If as a corporate capital, although considered the state-owned holding company debt financing may be, but ignores it as the characteristics of investors; if as a national capital, although state-owned holding company to consider the composition of capital properties, but ignored the possibility of financing it. Therefore, the more reasonable approach is, in the case of state-owned holding company subsidiary of the investment, financing companies owned by holding company to determine the proportion of the capital structure of corporate capital and the amount of the state capital. 2. Confirmation of the state capital. The restructuring of state-owned holding company from the current situation of state-owned holding company capital is usually confirmed by the following two methods: (1) according to the restructuring of state owned enterprises before the book recognize the total net assets; (2) by the restructuring of state-owned enterprises before the real book recognize the total paid-in capital. In terms of the restructuring of former state-owned enterprises recognize the total net assets of the book, then, when the respective interests of the business owner a change in state-owned holding company of the capital should change accordingly, so that the state-owned holding companies will inevitably lead to frequent changes in capital ; if owned enterprises when a change in ownership interest, capital of the state-owned holding companies do not adjust or change accordingly, so that they can not reflect the state-owned holding company, previously identified by their state-owned capital assets net book recognized principles. In addition, the holding company in the preparation of consolidated financial statements, consolidated balance sheet will appear in the paid-in capital is inconsistent with the original situation of the registered capital. Accordingly, the restructuring of state owned enterprises before the net book value of assets recognized method of operation is wrong. This paper argues that state-owned holding company-owned capital should be the restructuring of former state-owned enterprises recognize the total carrying amount of paid-in capital. This operation, as long as the amount of capital paid-owned enterprises is not a change, that is, enterprises do not place the property rights and other major changes in bankruptcy, the capital of the state-owned holding company does not appear to frequent changes, you can maintain the stability of capital should sex. Second, the integration of financial and accounting after state-owned holding company formation, legally speaking, the restructuring has been completed. However, for the newly formed holding company,
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, the most difficult and most difficult task has just begun. Reorganization, the holding company and its affiliated enterprises often exist between a , which can be described as financial and accounting integration starting point is a holding company and core integration. Integration of financial and accounting major issues: the choice of accounting system, the provision for depreciation of fixed assets and the preparation of consolidated financial statements and so on. 1. Accounting system choice. State-owned holding companies, especially the restructuring of the bureau in charge of industry state-owned holding company, the choice of accounting system set up there after the run-in period, during which, the holding company itself is often still a budget accounting system and subsidiary companies tend to perform corporate accounting system. Thus, a holding company, there were two cases parallel accounting system, it is clear that the operating contrary to the national unity of the , so that the holding company's consolidated financial information or summary accounting information inaccurate. Different state-owned holding company, accounting system choice run-in period be long or short, the survey found that: some state-owned holding company reorganization completed in two years, due to the restructuring of the former industry executives remaining in the bureau's budget, which part of the funds continue to enforce the budget accounting system, and completion of the restructuring of state-owned holding company has the implementation of enterprise accounting system, so that the internal state-owned holding company itself, there are two systems in parallel operation, the existence of this phenomenon is clearly unreasonable in a long time . Restructuring process of state-owned holding company, exists in the run-in period is normal, but the run-in period is too long, it will affect the comparability of accounting information during this period, reliability and authenticity, therefore, the restructuring after the end of the two systems as soon as possible parallel operation. The remaining budget funds or budget who still call, according to budget funds to enter the holding company for the purpose and destination of the adjustment, and in accordance with relevant accounting system implementation. 2. Provision for depreciation of fixed assets problem. Before the restructuring of state-owned holding company, industry executives and administrative head of the bureau of fixed assets not depreciated, but the fixed assets owned by a certain method of depreciation, so that when the restructuring of state-owned holding company and its fixed assets between affiliated enterprises The carrying value of differences. By the bureau in charge of industry, the restructuring of the administrative headquarters of state-owned holding company formed after the reorganization, the former executive is not depreciated fixed assets also should be in corporate finance, depreciation accounting system, thus creating a depreciation value of fixed assets and depreciation period of the confirmation. The survey found that some state-owned holding company of the original book value depreciation, the age range of the original useful life of fixed assets, the lower limit of confirmation; also some state-owned holding company depreciated book value of the original, but the estimated useful life of fixed assets is still useful life of confirmation. If the original book value of depreciation, then early in the restructuring of the holding company and its affiliated companies and between the carrying amount of fixed assets net book value of fixed assets, there are not comparable. This article believes that the restructuring of state-owned holding company after the reorganization should be confirmed by the assessment of the value of a recorded value of fixed assets and depreciation recorded value here, so as to maintain the holding company and its affiliated enterprises recognition and measurement of fixed assets, the consistency also to ensure provision for depreciation of fixed assets based on rationality.
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