RESEARCH ON APPLICATION OF EMPLOYEE BENEFITS PAYABLE UNDER THE NEW STANDARDS

Qianqian Wu, Xiuping Wang

ABSTRACT: Issued by ministry of finance in January 2014, the revised edition of Accounting Standard for Business Enterprise No.9——Employee Benefits introduced plenty of contents of International Accounting Standards No.19——Employee Benefits. Compared with the old standards, there exist great changes. Based on the domestic current level of economic development and specific situation of enterprises, to research the impact of these changes on financial statements, financial accounting and the future development, furthermore, to analyze enterprises how to apply the new standards, the innovations and the deficiencies by a case study ,so as to guide the practical operations of enterprises and provide opinions and suggestions.

Keywords: Employee benefits; Accounting standard for business enterprise; Financial accounting