What is the relationship and difference between accounting standards IAS, IFRS, and US GAAP? The biggest difference between IFRS and GAAP is their different development histories

IFRS comes from Europe? European companies There are two major characteristics: 1. There are regional differences in financial reports; 2. Financing is mainly based on bank loans

In this way, they have developed a principle-based standard form. Simply put, they will give you a rough range. Rigid rules. In this way, you only need to abide by the principles between different countries. The remaining part can be adjusted according to the needs of the country. Companies generally do not need equity financing (from the perspective of development history, of course it is different now, which is why IFRS is gradually moving closer to GAAP. The reason is to go public and make money).

GAAP comes from the main characteristics of American company financing: going public?

Because going public means that financial reports need to follow certain requirements and formats, and everyone must do the same thing. Comparability can lead to better financing. At the same time, they are all from the same country. The country needs the standardization of statements, so GAAP is mainly based on Rules.

Accounting standards are a set of documents that standardize accounting accounting and accounting reports. Their purpose is to establish accounting treatments on a fair and reasonable basis and to make accounting practices between different periods and entities more consistent. Comparison of results becomes possible. According to the business nature of the units they use, accounting standards can be divided into accounting standards for profit-making organizations and accounting standards for non-profit organizations.

What are the relationships and differences between PTA, PX and PET?

PTA is the English abbreviation of Pure Terephthalic Acid

PX is paraxylene

PET is polyethylene terephthalate Ester

The application of PTA is relatively concentrated. More than 90% of the PTA in the world is used to produce polyethylene terephthalate (PET, polyester for short), and the rest is used as polyethylene terephthalate. Raw materials for propylene glycol ester (PTT) and polybutylene terephthalate (PBT) and other products. The PTA production process can be divided into two parts: the oxidation unit and the hydrorefining unit. The raw material PX uses acetic acid as the solvent and is oxidized by air under the action of a catalyst into crude terephthalic acid, which is then crystallized, filtered, and dried into crude product; the crude terephthalic acid is hydrogenated to remove impurities, and then crystallized and centrifuged. , dried into finished PTA product. What is the relationship and difference between UPS power supply and PDU?

UPS power supply is an uninterruptible power supply;

PDU is installed on the cabinet. After the mains power supplies power to the UPS host, The UPS then outputs power to the UPS distribution box, which distributes power to each cabinet PDU, and then the PDU supplies power to the equipment. What is the difference between every one of us and each of us

Every?one of us means "everyone, we all" emphasizing the overall concept. ?each of us refers to "every one of us" emphasizing the individual.

Every one of us seems to refer to "everyone", but in fact it emphasizes "we all". The second floor has already been mentioned, emphasizing the overall concept.

each of us? I think each one of us means "each one of us", which means everyone is treated equally. At this time, there is no need to explain one by one, so just describe "one person". Therefore, it actually refers to individual behavior.

For example, Every one of us appreciates your presentation. We all appreciate your presentation tonight.

Each one of us can get a gift tonight. Everyone can get a gift tonight.

For reference only! The relationship between the 38 specific standards and the basic accounting standards

The basic standards summarize the basic premise and basic requirements for organizing accounting work. They explain the guiding ideology, basic basis, main rules and general rules for accounting work. program. The accounting procedures and methods of corporate accounting must comply with the requirements of the basic standards. Basic accounting standards are also the main basis and guiding principles for formulating specific standards. Specific standards involve specific accounting businesses, and they must reflect the requirements of basic standards to ensure the coordination, rigor and scientificity of each specific standard.

Specific accounting standards are specific provisions for various economic businesses in accordance with the content requirements of the basic standards. It is characterized by strong operability, and the accounting of the business can be directly organized based on it.

What is the relationship and difference between edy/drama/musical

edy noun means: comedy/comedy event/comedy work/comedy factor. It focuses on comedy drama noun means: a play/ Script/drama edy is a category of drama. Drama also includes tragedy, tragedy, etc. It focuses on drama musical adj. Musical, melodious musical comedy. It focuses on the connection between the three words of music. edy is comedy, and drama includes edy. Musical is a musical comedy, and the three words are all related to drama and opera. What is the relationship and difference between cells, molecules and genes

Cells are the basic unit of structure and function of organisms. They are composed of many molecules, organic, inorganic, macromolecules and small molecules

Genes are DNA fragments with genetic effects. They are biological macromolecules and are composed of many molecules. The monomer is deoxyribonucleotide

Genes in eukaryotic cells exist in the nucleus and chloroplasts. , Mitochondria

The genes of prokaryotic cells exist in the cytoplasm

The concept of molecules is too broad, let alone what is the difference between "IFRS" and "IAS"?

IFRS is an international standard, and IAS is an old clause in international standards.

Introduction to IFRS:

It is the abbreviation of International Financial Reporting Standards, that is, International Financial Reporting Standards. It is a standard accounting system promulgated by the International Accounting Standards Board (IASB) that is easy for countries to implement in cross-border economic transactions. IFRS is a globally unified financial rule and a financial management principle that operates in accordance with international standards. It is used to standardize the accounting operations of enterprises or other economic organizations around the world, so that the economic interests of all countries can be protected on one standard, and unnecessary economic losses will not be caused by different calculation methods caused by different standards. loss. The IASB also entrusts professional accounting groups such as the Association of International Accountants (AIA) to train professional senior accountants.

Basic overview:

Standards system: Section A The context of Financial Reporting, IFRS is a globally unified financial rule and a financial management standard that operates in accordance with international standards. It is used to standardize the accounting operations of enterprises or other economic organizations around the world, so that the economic interests of all countries can be protected based on one standard, and unnecessary economic losses will not be caused by different calculation methods caused by different standards. loss. The content is divided into six parts.

The specific content of generally accepted accounting principles:

It roughly includes three levels:

First, it is the basic premise and accounting principles of accounting, that is, the accounting principles Basic principles. It refers to a summary of the basic guiding ideas and constraints commonly used in accounting practice, and is a principled specification that embodies accounting laws and basic characteristics. Such as accounting entities, going concern, accounting installments, monetary measurement, accrual basis, etc.;

Second, it is methodological guidance and specific standards or criteria for practical accounting issues. It usually consists of a series of provisions and examples that are only suitable for certain work links or a certain type of issues, such as the recognition, measurement and reporting principles of financial accounting elements;

3. It is the method and procedure of accounting treatment. That is, specific operating procedures and technical essentials belong to the category of technical specifications. They usually specify a certain step or some overall operating method, so there is little room for free choice. Such as accounting rules, error correction rules, etc.

Generally accepted accounting principles can be formulated by official organizations or private organizations. In the United States, generally accepted accounting principles refer to those accounting principles supported and recognized by authoritative groups such as the American Institute of Certified Public Accountants, the Financial Accounting Standards Board and the Securities and Exchange Commission. They mainly include the "Financial Accounting Standards Statement" formulated by the Financial Accounting Standards Board (including the previous accounting standards). "Accounting Principles Opinion" developed and issued by the Program Committee) and some generally accepted accounting practices. In the UK, generally accepted accounting principles refer to the "Notice of Standard Accounting Practices" jointly formulated and issued by six accounting professional groups including the Institute of Chartered Accountants in England and Wales. Japan's generally accepted accounting principles mainly refer to the standard system. The main contents of my country's basic accounting standards for enterprises are equivalent to those recognized at the other two levels, which can be found in the enterprise accounting system, specific accounting standards and other relevant regulations.

Analysis of generally accepted accounting principles:

The term generally accepted accounting principles first appeared in the United States in the 1930s. It was first used by the American Institute of Accountants at its annual meeting in 1939 and is generally applicable. It has considerable authoritative support for its "recognized" essential provisions and basic characteristics. This kind of "recognition" usually needs to be voted by an authorized national accounting professional group, or the relevant government departments directly organize the corresponding specialized agencies to formulate, review and promulgate it according to certain procedures.

The emergence of generally accepted accounting principles follows two basic paths: "accounting practice → accounting conventions → accounting principles → generally accepted accounting principles" and "accounting principles → accounting principles → generally accepted accounting principles", and gradually changes from the former to the latter. Transformation (especially in countries with underdeveloped accounting standards systems that want to integrate with the international accounting standards system, which is mainly influenced by the US GAAP system) and internationalization. Generally Accepted Accounting Principles is actually a general term for accounting standards that are inherited from accounting laws and followed from corporate accounting (Western countries more often use the term "accounting policies"). They have different names, structures, contents and characteristics in different countries. effect.