Accounting Adjustment Of State Owned Enterprises Pformed Into Limited Liability Companies

In this paper, "state owned enterprise reform" means that the state pfers all or part of its share rights to the natural or non-public enterprises through competitive bidding. The pfer proceeds are collected by the competent financial department and the original enterprise is changed into a limited liability company, which is different from the concept of state-owned enterprise joint stock reorganization and merger and split up reform.

1. Accounting errors.

According to the accounting standards and the regulations of the system, the adjustment should be made according to the provisions of the tax law, and the tax revenue shall be calculated according to the provisions of the tax law. After the communication with the tax department, the taxable income of the previous year should be amended, the income tax expenses of the previous year can be adjusted or the number of losses can be made up. The second one is to strictly adjust the adjustment of income and expenditure after the restructuring date according to the requirements of the restructuring, such as the withholding of rent, water and electricity charges, and the adjustment of the income and expenditure before the date of the adjustment. Generally speaking, accounting errors fall into two types. The first one is the mistake that has occurred in the accounting process of enterprises which is not in accordance with the accounting system or related standards.

Two. Accounting treatment of restructuring expenses.

Restructuring costs usually include personnel costs, travel expenses, business entertainment fees, audit fees, paction fees and so on. Enterprises can deal with such expenses when they occur. However, the cost of pre tax deduction for personnel salaries, business entertainment fees and other tax laws should be included in the total amount of the year, and be deducted within the prescribed limits.

Three.

Accounting treatment

　　剥离资产主要分为两类，一是根据改制要求将土地使用权、固定资产等部分资产予以剥离，这种情况下企业应将剥离资产的账面价值调整为零，对应减少净资产，不涉及所得税问题;二是将原国有企业的职工分流费用(包括人员补偿金、社会保障费等)从净资产中剥离，财政部门有时会要求企业将这部分剥离费用列专项负债处理，但笔者认为这种情况下不应进行账务调整，原因有三：第一、剥离人员分流费用旨在从转让股权转让价格中扣除一块应由国家负担的费用，与企业的会计处理并无关系;第二、企业是持续经营的，在企业未进行清算前，预提职工分流费用减少净资产显然是不恰当的，这种做法不符合持续经营的假设前提及真实性原则，由于多数职工仍然会继续在改制后的企业中工作，这部分负债往往形成虚列;第三、税法规定，企业支付的各项统筹保险基金及

Personnel compensation can be deducted according to the prescribed tax deduction (taking the actual occurrence as the precondition). The above accounting treatment makes the accounting and tax law caliber inconsistent, causing the work to be cumbersome.

Four, adjust the book value of assets according to the results of asset appraisal.

Under such circumstances, there are three reasons why companies are keen on accounting adjustment: first, to promote state ownership.

Two, the new company will increase its registered capital after the reorganization of the enterprise, so as to improve the business qualification and popularity of the enterprise. After adjusting the value added part of the asset appraisal, the capital reserve can be pferred to the registered capital. Three, the new shareholders will be eager to recover the investment and adjust the profit distribution after the enterprise reform.

The author thinks that the results of asset appraisal provide the basis for formulating the price of equity pfer. The principle of historical cost requires that all assets of an enterprise should be measured according to actual cost when it is acquired. In addition to the provisions of laws, administrative regulations and the unified accounting system of the state, enterprises must not adjust their book value on their own.

Of course, the assets impairment factors involved in the evaluation report can be set down according to the relevant provisions. The situation of assets losses, damage, abandonment and other permanent or substantial damages occurring during the property inspection phase shall be dealt with by the relevant departments after approval.

If the accounting system is otherwise provided, the enterprise shall not adjust its book value on its own. "In a special case, when the original state-owned enterprise (sole proprietorship company) carries out joint stock reorganization or merger or split up, it shall adjust the book value according to the notice issued by the Ministry of Finance on the issuance of the Interim Provisions on the management and financial treatment of state-owned capital in the pformation of the company's corporate system". After converting into state-run shares, it shall be changed to (pfer to) a new company. According to the fiscal and taxation Document No. [1997]77, the assets appraisal and increment of the enterprise's shareholding system pformation shall be adjusted accordingly, and the value added of the fixed assets valuation can be depreciated, but the taxable income shall not be deducted when calculating the taxable income. But "in addition to laws, administrative regulations and national unity"

The specific accounting treatments are:

1. after adjusting the book value of assets and liabilities, if the net assets identified are greater than the original book net assets, the balance should be deducted from the future income tax to be included in capital reserves.

Borrowing: fixed assets

Raw material

Stock items, etc.

Loan: capital accumulation

Deferred tax

2. after adjusting the book value of assets and liabilities, if the net assets identified are less than the original book net assets, the undistributed profits and capital reserves should be reduced in sequence.

Borrowing: profit distribution

Capital surplus

Loans: fixed assets

Raw material

Stock items, etc.

If the enterprise has not written off the above method, if the original state-owned enterprise has not written off, it can continue to use the account books of the original enterprise to conduct the following accounting treatments:

Borrowing: paid up capital

Capital surplus

Profit distribution

Loans: paid up capital (capital stock)

Borrow: accumulated depreciation

Loans: fixed assets

You can also finish the old accounts and set up new accounts according to the number of assessment results.