美国会计准则 中国会计准则 中国企业所得税简明对比表 (英文版).doc
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2. Income Statement
3. Statement of Cash Flows
4. Statement of ShareholderEquity
5. Notes to Financial Statements
[Similar to US GAAP]
CAS 30.2
Annual CorporateIncome Tax Return
The presentation of financial statements of the current period shall atleast provide thecomparative dataof all items of theprevious comparativeperiod, as well as the explanations on the understanding of the financialstatements of the current period, unless it is otherwise provided for in otheraccounting standards.(CAS 30.8)
[Temporary difference]
An item of property, plant and equipment isdepreciated even if it is idle, butnot if it is held for sale.
Land isalsonot depreciated.
Straight line method
Declining balance method
Sum-of-the-years'-digits method
Depreciation based on use (activity)
[Similar to US GAAP](CAS 4.17)
Only deprecition computed bystraight line methodis deductible for CIT purpose. (CIT Law I/R 59)
No comparative information is required.
SEC rules explicitly require subtotals forcurrent assetsandcurrent liabilities(Regulation S-X, Rule 5-02)in balance sheet.
[Similar to US GAAP.The assets and liabilities shall be presented ascurrentandnon-currentassets and liabilities, respectively.] (CAS 30.12)
N/Aห้องสมุดไป่ตู้
Property,Plant andEquipment
(13 forms)
Related Party Transaction Forms
(9 Forms)
US GAAPdoes not requirecomparative information. However,SEC registrantsare required to presentbalance sheetsas of the end of thecurrent andprior reporting periodsand allother statementsfor thethree most recent reporting periods.
Landaccounted for as a fixed asset is not depreciated. (CIT Law 11)
Estimates of useful life and residual value, and the method of depreciation are reviewed only when events or changes in circumstancesindicatethatthe current estimates or depreciation method areno longer appropriate.
[Similar to US GAAP. Investment Property–Building is not depreciated (a HFS asset)]
(CAS 4.14)
Land is not depreciated. (CAS 4.14)
Idle fixed assets(other than buildings) and fixed assets that is not related to business are not depreciated.
Comparison between US GAAP, PRC GAAP and PRC Tax –Part I
March 20, 2012
US GAAP
PRC GAAP
PRC Tax
Form and Components of Financial Statements
1. Balance Sheet
Anychangesare accounted for prospectively as a change inestimate.
An enterprise shall,at least at the end of each year, have a check onthe useful life, expected netsalvage value, and the depreciation method of thefixed assets.(CAS 4.19)
Property, plant and equipment is recognized initially at cost.
[Similar to US GAAP](CAS 4.7)
[Similar to US GAAP](CIT Law I/R 56)
Property, plant and equipment is depreciated over its usful life.
3. Statement of Cash Flows
4. Statement of ShareholderEquity
5. Notes to Financial Statements
[Similar to US GAAP]
CAS 30.2
Annual CorporateIncome Tax Return
The presentation of financial statements of the current period shall atleast provide thecomparative dataof all items of theprevious comparativeperiod, as well as the explanations on the understanding of the financialstatements of the current period, unless it is otherwise provided for in otheraccounting standards.(CAS 30.8)
[Temporary difference]
An item of property, plant and equipment isdepreciated even if it is idle, butnot if it is held for sale.
Land isalsonot depreciated.
Straight line method
Declining balance method
Sum-of-the-years'-digits method
Depreciation based on use (activity)
[Similar to US GAAP](CAS 4.17)
Only deprecition computed bystraight line methodis deductible for CIT purpose. (CIT Law I/R 59)
No comparative information is required.
SEC rules explicitly require subtotals forcurrent assetsandcurrent liabilities(Regulation S-X, Rule 5-02)in balance sheet.
[Similar to US GAAP.The assets and liabilities shall be presented ascurrentandnon-currentassets and liabilities, respectively.] (CAS 30.12)
N/Aห้องสมุดไป่ตู้
Property,Plant andEquipment
(13 forms)
Related Party Transaction Forms
(9 Forms)
US GAAPdoes not requirecomparative information. However,SEC registrantsare required to presentbalance sheetsas of the end of thecurrent andprior reporting periodsand allother statementsfor thethree most recent reporting periods.
Landaccounted for as a fixed asset is not depreciated. (CIT Law 11)
Estimates of useful life and residual value, and the method of depreciation are reviewed only when events or changes in circumstancesindicatethatthe current estimates or depreciation method areno longer appropriate.
[Similar to US GAAP. Investment Property–Building is not depreciated (a HFS asset)]
(CAS 4.14)
Land is not depreciated. (CAS 4.14)
Idle fixed assets(other than buildings) and fixed assets that is not related to business are not depreciated.
Comparison between US GAAP, PRC GAAP and PRC Tax –Part I
March 20, 2012
US GAAP
PRC GAAP
PRC Tax
Form and Components of Financial Statements
1. Balance Sheet
Anychangesare accounted for prospectively as a change inestimate.
An enterprise shall,at least at the end of each year, have a check onthe useful life, expected netsalvage value, and the depreciation method of thefixed assets.(CAS 4.19)
Property, plant and equipment is recognized initially at cost.
[Similar to US GAAP](CAS 4.7)
[Similar to US GAAP](CIT Law I/R 56)
Property, plant and equipment is depreciated over its usful life.