China's previous fiscal and taxation model was "separation of fiscal and taxation", and the future should be "integration of fiscal and taxation". In some specific financial accounting treatment methods, China's accounting development model obviously overlaps with other models, such as:
1. The accelerated depreciation method can only be used in accounting treatment if it is approved by the national tax department. Emphasizing that accounting treatment methods obey the requirements of tax law is an overlap with macroeconomic models.
2. Cancel the bad debt rate of accounts receivable stipulated by the industry, and allow enterprises to independently determine the bad debt rate of different age groups according to historical experience and credit policies. This is an overlap with microeconomic models.
3. The idea and attempt to formulate the conceptual framework of financial accounting overlap with the trend model of independent category.
The evolution of accounting development model;
Since 1997, after the implementation of the enterprise accounting standards system and the industry accounting system, due to the different financial statements in different industries, it has brought inconvenience to the information disclosure, enterprise merger and consolidated financial statements of listed companies.
In order to enhance the comparability of financial information and standardize the disclosure of financial information, it is necessary to establish a set of enterprise accounting standards system suitable for different industries.
At this stage, we should not only formulate more than 30 specific accounting standards for enterprises (including general business standards, special business standards, special industry standards and accounting statement standards), but also formulate accounting standards that are compatible with the accounting standards for enterprises. This stage is marked by the publication of Accounting Standards for Business Enterprises-Disclosure of Related Party Relations and Transactions.