Regulations on Financial Accounting Reporting for Enterprises

Chapter I: General Provisions

Article 1 These Regulations are formulated in accordance with the Accounting Law of the People's Republic of China in order to standardize the financial accounting reports of enterprises and ensure the authenticity and completeness of the financial accounting reports.

Article 2 Enterprises (including companies, the same below) shall comply with these Regulations in preparing and providing financial accounting reports to the outside world.

For the purposes of these Regulations, the term "financial accounting report" refers to the documents provided by an enterprise to the outside world that reflect the financial position of the enterprise on a specific date and the operating results and cash flow of an enterprise in a certain accounting period.

Article 3 An enterprise shall not prepare or provide false financial accounting reports or conceal important facts.

The person in charge of the enterprise shall be responsible for the authenticity and completeness of the financial accounting report of the enterprise.

Article 4 No organization or individual shall instruct, instigate or compel an enterprise to prepare or provide false financial accounting reports or conceal important facts.

Article 5 Certified public accountants and accounting firms shall audit the financial and accounting reports of enterprises in accordance with the provisions of relevant laws, administrative regulations and the practice rules of certified public accountants, and shall be responsible for the audit reports issued.

Chapter II Composition of Financial Accounting Reports

Article 6 Financial accounting reports are divided into annual, semi-annual, quarterly and monthly financial accounting reports.

Article 7 The annual and semi-annual financial accounting reports shall include:

(1) Accounting statements;

(2) Notes to the accounting statements;

(3) Financial fact sheet.

Accounting statements should include balance sheets, income statements, cash flow statements and related schedules.

Article 8 Quarterly and monthly financial accounting reports usually refer only to accounting statements, and accounting statements should at least include balance sheets and income statements. If the national unified accounting system stipulates that quarterly and monthly financial accounting reports need to prepare notes to accounting statements, such provisions shall prevail.

Article 9 The balance sheet is a statement that reflects the financial position of an enterprise on a specific date. The balance sheet shall be classified and itemized according to assets, liabilities and owners' equity (or shareholders' equity, the same below). Among them, the definition and presentation of assets, liabilities and owners' equity shall comply with the following provisions:

(1) "Assets" refers to the resources formed by past transactions and events and owned or controlled by the enterprise, which are expected to bring economic benefits to the enterprise. On the balance sheet, assets should be itemized according to their liquidity classification, including current assets, long-term investments, fixed assets, intangible assets and other assets. Where the assets of banks, insurance companies, and non-bank financial institutions are of a special nature, they are listed separately according to their nature.

(2) Liabilities refer to the current obligations formed by past transactions and events, and the performance of such obligations is expected to lead to the outflow of economic benefits from the enterprise. On the balance sheet, liabilities should be itemized according to their liquidity classification, including current liabilities, long-term liabilities, etc. Where the liabilities of banks, insurance companies and non-bank financial institutions are of a special nature, they are listed separately according to their nature.

(3) Owner's equity refers to the economic interests enjoyed by the owner in the assets of the enterprise, the amount of which is the balance of the assets minus the liabilities. On the balance sheet, the owner's equity should be itemized according to the paid-in capital (or share capital), capital reserve, surplus reserve, undistributed profits, etc.

Article 10 The income statement is a statement that reflects the operating results of an enterprise in a certain accounting period. The income statement shall be itemized according to the categories of income, expenses and items constituting profits. Among them, the definition and presentation of income, expenses and profits shall comply with the following provisions:

(1) Income refers to the total inflow of economic benefits formed by an enterprise in its daily activities such as selling goods, providing labor services, and transferring the right to use assets. Revenue does not include payments collected on behalf of third parties or customers. On the income statement, income should be itemized according to its importance.

(2) "Expenses" refers to the outflow of economic benefits incurred by enterprises in their daily activities such as selling goods and providing labor services. On the income statement, the expenses should be itemized according to their nature.

(3) Profit refers to the operating results of an enterprise in a certain accounting period. On the income statement, the profit shall be listed separately according to the composition of the profit, such as operating profit, total profit and net profit.

Article 11 The cash flow statement is a statement that reflects the inflow and outflow of cash and cash equivalents (hereinafter referred to as cash) in a certain accounting period of an enterprise. The cash flow statement shall be classified and itemized according to the cash flow of operating activities, investment activities and financing activities. Among them, the definition and listing of business activities, investment activities and fund-raising activities shall comply with the following provisions:

(1) Business activities refer to all transactions and matters other than investment activities and fund-raising activities of enterprises. On the cash flow statement, the cash flow from operating activities should be itemized according to the nature of the cash inflow and outflow from operating activities; The business activities of banks, insurance companies and non-bank financial institutions are itemized according to the characteristics of their business activities.

(2) Investment activities refer to the purchase and construction of long-term assets of enterprises, investment and disposal activities not included in the scope of cash equivalents. On the cash flow statement, the cash flows from investing activities should be itemized according to the nature of the cash inflows and outflows from the investing activities.

(3) Fund-raising activities refer to activities that lead to changes in the scale and composition of the enterprise's capital and debt. On the cash flow statement, the cash flows from financing activities should be itemized according to the nature of the cash inflows and outflows from the financing activities.

Article 12 The relevant schedules are supplementary statements reflecting the financial status, operating results and cash flow of the enterprise, mainly including the profit distribution statement and other schedules stipulated by the national unified accounting system.

The profit distribution statement is a statement that reflects the distribution of the realized net profit and the undistributed profit of the previous year or the compensation of losses in a certain accounting period. The profit distribution statement shall be listed separately according to the classification of each item of profit distribution.

Article 13 The annual and semi-annual accounting statements shall reflect at least the comparative data of the two years or the relevant two periods.

Article 14 The notes to the accounting statements are the explanations of the basis, basis, principles and methods of preparation of accounting statements and the main items for the purpose of facilitating the users of accounting statements to understand the contents of the accounting statements. The notes to the accounting statements shall include at least the following contents:

(1) Explanations that do not conform to the basic accounting assumptions;

(2) Important accounting policies and accounting estimates and their changes, the reasons for such changes and their impact on financial condition and operating results;

(3) a description of contingencies and events after the balance sheet date;

(4) A description of the relationship between related parties and their transactions;

(5) The transfer of important assets and their sale;

(6) Merger or division of enterprises;

(7) Major investment and financing activities;

(8) Detailed information of important items in accounting statements;

(9) Other matters that need to be explained to help understand and analyze the accounting statements.

Article 15 The financial statement shall at least explain the following information:

(1) The basic situation of the production and operation of the enterprise;

(2) the realization and distribution of profits;

(3) The increase or decrease of funds and the turnover of funds;

(4) Other matters that have a significant impact on the financial situation, operating results and cash flow of the enterprise.

Chapter III Preparation of Financial Accounting Reports

Article 16 An enterprise shall prepare an annual financial accounting report at the end of the year. Where the national unified accounting system stipulates that an enterprise shall prepare semi-annual, quarterly and monthly financial accounting reports, such provisions shall prevail.

Article 17 An enterprise shall prepare a financial accounting report on the basis of real transactions, events, complete and accurate account books and records, and in accordance with the basis, basis, principles and methods of preparation stipulated in the unified accounting system of the state.

Enterprises shall not violate these Regulations and the provisions of the national unified accounting system by arbitrarily changing the basis, basis, principles and methods for the preparation of financial accounting reports.

No organization or individual may instigate, instigate, or compel an enterprise to change the basis, basis, principles, and methods of compiling financial and accounting reports in violation of these Regulations and the provisions of the national unified accounting system.

Article 18 An enterprise shall, in accordance with these Regulations and the provisions of the national unified accounting system, reasonably confirm and measure the accounting elements in the accounting statements, and shall not arbitrarily change the recognition and measurement standards of the accounting elements.

Article 19 An enterprise shall settle accounts on the settlement date stipulated in the relevant laws, administrative regulations and these Regulations, and shall not advance or delay it. The annual closing date is December 31 of each calendar year; The semi-annual, quarterly, and monthly settlement dates are the last day of each semi-annual, quarterly, and monthly settlement of the Gregorian calendar year, respectively.

Article 20 Before preparing the annual financial and accounting report, an enterprise shall, in accordance with the following provisions, conduct a comprehensive inventory of assets and verify debts:

(1) Whether the settlement payment, including accounts receivable, payable, tax payable, etc., exists, and whether it is consistent with the corresponding debt and creditor's right amount of the debt;

(2) Whether the actual quantity of raw materials, work-in-progress, self-made semi-finished products, inventory commodities and other inventories is consistent with the book quantity, and whether there are scrap losses and backlog materials;

(3) Whether the investment exists, and whether the investment income is recognized and measured in accordance with the provisions of the national unified accounting system;

(4) Whether the actual quantity of fixed assets such as buildings, machinery and equipment, and means of transportation is consistent with the book quantity;

(5) Whether the actual amount of construction in progress is consistent with the book records;

(6) Other content that needs to be inventoried or verified.

Through the inventory and verification provided for in the preceding paragraph, the enterprise shall find out whether the actual quantity of property and materials is consistent with the book quantity, the arrears of various settlement payments and their reasons, the actual reserves of materials and materials, whether the investment has achieved the expected purpose, the use of fixed assets and their integrity, etc. After the enterprise has made an inventory and verification, it shall report the results of the inventory and verification and its handling methods to the board of directors or the corresponding institution of the enterprise, and shall carry out corresponding accounting treatment in accordance with the provisions of the national unified accounting system.

In the middle of the year, according to the specific circumstances, the enterprise shall conduct key spot checks, rotational inspections or regular inspections of various property, materials and settlement funds.

Article 21 Before preparing the financial accounting report, in addition to making a comprehensive inventory of assets and verifying debts, an enterprise shall also complete the following tasks:

(1) Check whether the contents and amounts of the accounting books and records are consistent with the accounting vouchers, and whether the direction of bookkeeping is consistent;

(2) Settle accounts on the closing date in accordance with the provisions of these Regulations, settle the balance and amount of the relevant accounting books, and check the balance between the accounting books;

(3) Check whether the relevant accounting is carried out in accordance with the provisions of the national unified accounting system;

(4) For transactions and matters that the national unified accounting system does not provide for a unified accounting method, check whether they are recognized and measured in accordance with the general principles of accounting and whether the relevant accounting treatment is reasonable;

(5) Check whether there are any relevant items in the previous period or the current period that need to be adjusted due to accounting errors, changes in accounting policies, etc.

Where problems are discovered in the work provided for in the preceding paragraph, they shall be handled in accordance with the provisions of the unified national accounting system.

Article 22 When preparing annual and semi-annual financial and accounting reports, if there are changes in assets and liabilities after verification, enterprises shall confirm and measure them in accordance with the standards for recognition and measurement of assets and liabilities, and carry out corresponding accounting treatment in accordance with the provisions of the unified accounting system of the state.

Article 23 An enterprise shall, in accordance with the format and content of the accounting statements stipulated in the unified accounting system of the state, prepare accounting statements based on the accounting books and records that are fully registered and checked and correct, and other relevant materials, so that the contents are complete, the figures are true, and the calculations are accurate, and no omissions or arbitrary trade-offs are allowed.

Article 24 The figures corresponding to each other between the accounting statements and the items in the accounting statements shall be consistent with each other; The relevant figures of the current period and the previous period in the accounting statements should be connected with each other.

Article 25 The notes to the accounting statements and the financial statements shall be in accordance with the provisions of these Regulations and the unified accounting system of the state, and the matters that need to be explained in the accounting statements shall be explained truthfully, completely and clearly.

Article 26 In the event of a merger or division of an enterprise, it shall prepare the corresponding financial accounting report in accordance with the provisions of the unified accounting system of the state.

Article 27 Where an enterprise terminates its business, it shall, at the time of termination, conduct a comprehensive inventory of assets, verify debts, settle accounts, and prepare a financial accounting report in accordance with the requirements of preparing an annual financial accounting report; During the liquidation period, the financial accounting report for the liquidation period shall be prepared in accordance with the provisions of the national unified accounting system.

Article 28 In accordance with the provisions of the unified accounting system of the state, the parent company of an enterprise group that needs to prepare consolidated accounting statements shall, in addition to preparing its individual accounting statements, also prepare the consolidated accounting statements of the enterprise group.

The consolidated accounting statements of an enterprise group refer to the accounting statements that reflect the overall financial position, operating results and cash flow of the enterprise group.

Chapter IV Provision of Financial Accounting Reports

Article 29 The accounting information reflected in the financial accounting report provided to the outside world shall be true and complete.

Article 30 An enterprise shall, in accordance with the provisions of laws, administrative regulations and the national unified accounting system on the time limit for providing financial accounting reports, provide financial accounting reports to the outside world in a timely manner.

Article 31 The financial and accounting reports provided by an enterprise to the outside world shall be compiled with a fixed number of pages, with a cover page, bound into a book, and stamped with an official seal. The cover shall indicate: the name of the enterprise, the unified code of the enterprise, the organizational form, the address, the year or month to which the statement belongs, and the date of issuance, and shall be signed and sealed by the person in charge of the enterprise, the person in charge of accounting work, and the person in charge of the accounting institution (accounting supervisor); Enterprises that have a chief accountant shall also have the chief accountant sign and affix their seal.

Article 32 An enterprise shall, in accordance with the provisions of the articles of association, provide financial accounting reports to investors.

Key large state-owned enterprises and key state-owned financial institutions with boards of supervisors dispatched by the State Council, and state-owned enterprises with boards of supervisors dispatched by the people's governments of provinces, autonomous regions, and municipalities directly under the Central Government shall provide financial accounting reports to the board of supervisors on a regular basis in accordance with the law.

Article 33 Where a relevant department or institution requires an enterprise to provide part or all of its financial accounting report and its relevant data in accordance with laws, administrative regulations or the provisions of the State Council, it shall present the basis to the enterprise and shall not require the enterprise to change the accounting caliber of the relevant data in the financial accounting report.

Article 34 Except in accordance with laws, administrative regulations or the provisions of the State Council, no organization or individual may require an enterprise to provide part or all of its financial accounting reports and related data.

Where an enterprise violates the provisions of these Regulations and requires an enterprise to provide part or all of its financial accounting reports and related data, the enterprise has the right to refuse.

Article 35 A state-owned enterprise, a state-controlled enterprise or a dominant enterprise shall, at least once a year, publish its financial and accounting report to the workers' congress of the enterprise, and give emphasis on the following matters:

(1) Information closely related to the interests of employees, including: the composition of management expenses, the salary, benefits of enterprise management personnel and the distribution, use and balance of employee wages and welfare expenses, the withdrawal and use of public welfare funds, the distribution of profits, and other information related to the interests of employees;

(2) Problems found in internal audit and their corrections;

(3) The audit of the certified public accountant;

(D) the State audit institutions found problems and corrections;

(5) Explanations of major investment, financing, and asset disposal decisions and their causes;

(6) Other important matters that need to be explained.

Article 36 The financial accounting reports provided by an enterprise to the parties concerned in accordance with the provisions of these Regulations shall be consistent in the basis, basis, principles and methods of preparation, and shall not provide financial accounting reports with different basis, basis, principles and methods of preparation.

Article 37 Where the financial accounting report shall be audited by a certified public accountant, the enterprise shall provide the audit report issued by the certified public accountant and its accounting firm together with the financial accounting report.

Article 38 The organization or individual that receives the financial accounting report of an enterprise shall keep the contents of the financial accounting report of the enterprise confidential before it is formally disclosed to the public.

Chapter V: Legal Responsibility

Article 39 Anyone who violates the provisions of these Regulations by committing any of the following acts shall be ordered by the financial department of the people's government at or above the county level to make corrections within a time limit, and may impose a fine of not less than 3,000 yuan but not more than 50,000 yuan on the enterprise; The directly responsible managers and other directly responsible personnel may be fined between 2,000 and 20,000 yuan; and where they are state employees, they are to be given administrative sanctions or disciplinary sanctions in accordance with law:

(1) arbitrarily changing the recognition and measurement standards of accounting elements;

(2) arbitrarily changing the basis, basis, principles and methods of preparing financial and accounting reports;

(3) Settle the account in advance or late on the settlement date;

(4) Failing to conduct a comprehensive inventory of assets and verify debts in accordance with the provisions of these Regulations before preparing the annual financial and accounting report;

(E) refuse the financial sector and other relevant departments to supervise and inspect the financial accounting report in accordance with the law, or do not truthfully provide relevant information.

If an accountant commits any of the acts listed in the preceding paragraph, and the circumstances are serious, the financial department of the people's government at or above the county level shall revoke the accounting qualification certificate.

Article 40 Where an enterprise prepares or provides a false financial accounting report or conceals important facts, and it constitutes a crime, it shall be investigated for criminal responsibility in accordance with law.

If the conduct in the preceding paragraph does not constitute a crime, the financial department of the people's government at or above the county level shall notify it, and the enterprise may be fined between 5,000 and 100,000 yuan; The directly responsible managers and other directly responsible personnel may be fined between 3,000 and 50,000 yuan; where they are state employees, they are to be given administrative sanctions or disciplinary sanctions ranging from removal to dismissal in accordance with law; For the accounting personnel, if the circumstances are serious, the financial department of the people's government at or above the county level shall revoke the accounting qualification certificate.

Article 41 Where an accounting institution, accountant or other personnel is instigated, instigated, or compelled to prepare or provide a false financial accounting report or conceal important facts, or conceal or intentionally destroy a financial accounting report that shall be kept in accordance with law, and a crime is constituted, criminal responsibility shall be pursued in accordance with law; where a crime is not constituted, a fine of between 5,000 and 50,000 RMB may be imposed; and where they are state employees, they are to be given administrative sanctions of demotion, removal, or dismissal or disciplinary sanctions in accordance with law.

Article 42 Where an enterprise violates the provisions of these Regulations by requiring it to provide part or all of its financial accounting reports and related data, the people's government at or above the county level shall order it to make corrections.

Article 43: Where the provisions of these Regulations are violated and other laws or administrative regulations are violated at the same time, the relevant departments are to give punishments in accordance with law within the scope of their respective authority.

Chapter VI: Supplementary Provisions

Article 44 The financial department of the State Council may, in accordance with the provisions of these Regulations, formulate specific measures for the preparation and presentation of financial and accounting reports.

Article 45 The measures for preparing and providing financial accounting reports to enterprises that do not raise funds externally or operate on a small scale shall be separately formulated by the financial department of the State Council in accordance with the principles of these Regulations.

Article 46 These Regulations shall come into force on January 1, 2001.