1, different implementation scope
In addition to financial enterprises (referring to other enterprises), state-owned and state-controlled enterprises with legal personality shall implement the General Principles of Enterprise Finance.
At present, the accounting standards for business enterprises are only implemented in listed companies, and it will take two to three years for all enterprises to implement them.
Step 2 focus on different content
Enterprise financial management focuses on financial elements such as enterprise fund raising, asset operation, cost control, income distribution, information management and financial supervision, and provides financial behavior norms for enterprises. Enterprise financial management needs to use accounting information, focus on the early decision-making and process constraints of financial behavior, control the business risks of enterprises, and evaluate the business results of enterprises. On the one hand, the General Principles entrust the original accounting and taxation contents to relevant systems for standardization, on the other hand, it strengthens the expression of related issues involving finance and accounting, and focuses on guiding the establishment of enterprise financial management systems.
Accounting standards for business enterprises mainly regulate the confirmation, measurement and reporting of business accounting to ensure the quality of accounting information. The main contents refer to international accounting standards, including 1 basic standards and 38 specific accounting standards. It is to confirm, measure and report accounting elements such as assets, liabilities, rights and interests, income, costs and profits, and provide decision-making basis for relevant parties. Accounting provides the foundation for enterprise financial management, focusing on the process accounting and result reflection of financial behavior and guiding the establishment of enterprise accounting system.