Counting Every "First" Of Accounting Since The Founding Of The People'S Republic Of China

Since the founding of the people's Republic of China, many "first" accounting activities have reflected the accounting of all stages of this historical period.

The first accounting regulations

In March 3, 1950, the CAS promulgated the central treasury regulations, which is the first administrative rule promulgated by new China in the accounting system.

First unified accounting

In March 9, 1950, the China Finance Commission issued the instructions on the drafting of a unified accounting system, which means that the accounting system in enterprises is very confusing, requiring the Ministry of finance to set up a unified review of specialized agencies.

In April 25th, the Ministry of Finance set up an accounting system review committee according to the requirements of the order.

A month later, the Ministry of heavy industry first formulated the unified accounting system for enterprises and economic structure of the central Ministry of heavy industry, and came into effect in July 1st.

This is the first accounting system in New China.

First registration of assets and capital verification

In June 1, 1951, the finance and economics of government offices

First implementation of double entry bookkeeping

In 1964, our country initiated and implemented the double entry bookkeeping method.

The increase or decrease of double entry bookkeeping is one of accounting methods.

In accounting, we use "increase" and "decrease" as accounting symbols to indicate changes in assets, liabilities, owners' equity, income and expenses.

The first accounting law

The accounting law of the People's Republic of China was adopted at the ninth session of the Standing Committee of the Sixth National People's Congress in January 21, 1985.

This is the first accounting law in China.

The first concrete accounting criterion: disclosure of related party relations and pactions.

In recent years, with the rapid development of China's securities market and the rising of shareholding system reform, the public's demand for accounting information of listed companies is much higher than that of non-listed company accounting information.

Therefore, improving the quality of accounting information, ensuring the reliability of accounting information and improving the pparency of accounting information naturally mention the agenda.

Especially after the occurrence of the Qiong Mingyuan incident, the public and the securities regulatory authorities put forward higher requirements for accounting and information disclosure.

To this end, the Ministry of Finance issued the first specific accounting rule, "disclosure of related party relations and pactions" in 1997, which aims to standardize the disclosure of related party pactions and increase the pparency of related party pactions.

The release of this criterion has opened a prelude to a series of specific guidelines.

The first country's highest accounting authority.

In December 12, 1949, the Central People's government set up an accounting system in the Ministry of finance, and in September 1950, it changed the Department to the accounting system department, which assumed the task of establishing a unified national accounting and accounting reporting system.

This is the first time that China has established the highest accounting management institution in China.

For the first time, the general accountant system and accountants' professional title system are stipulated.

On the basis of the revision of the regulations on the trial of Accountants' functions and powers in 1963, the State Council promulgated the regulations on the functions and powers of Accountants in September 12, 1978.

The Ordinance provides for the first time the system of chief accountant and the technical titles of accountants.

The first accounting professional qualification examination

In March 21, 1992, the Ministry of Finance and the Ministry of personnel jointly promulgated the Provisional Regulations on accounting professional and technical qualification examination and implementation measures, and implemented the examination system for accounting professional and technical qualifications, and organized the national unified examination for the first time in November of that year.

1 million 520 thousand accounting personnel took part in the examination.

This is the first time since the founding of new China that the professional qualification of Accountants is determined by examinations.

The first national monthly magazine

New accounting is the first national accounting monthly in China. It was founded and edited by Yang Jiwan, an accountant, and was first published in January 1951.

Wang Shaoao, Vice Minister of finance, wrote the title for the monthly magazine.

The first accounting history

The first draft of accounting history in China is compiled by Professor Guo Daoyang, "China accounting history draft" (published by China financial and Economic Publishing House in November 8, 1982).

Guo Daoyang, Professor of Zhongnan University of Economics.

In 1994, he was approved as a doctoral supervisor of accounting profession. He enjoyed the special allowance of the State Council in the same year. He is currently executive director of the Chinese Accounting Association, vice president of Chinese Accounting Association, vice president of Hubei Accounting Association, academic committee of International Association of accountants, and editorial board of American Accounting Advisory magazine.

The history of China's accounting is divided into three volumes and more than eight hundred thirty thousand words. It examines the development of accounting in ancient China from ancient times to the present. Its contents are detailed and comprehensive. It is praised by domestic and foreign peers as a monographs to fill the gap.

The book has participated in the international book fair many times. In 1995, it was awarded the first prize of outstanding achievements in Humanities and Social Sciences in Colleges and universities.

The first monograph on cost management

In October 30, 1983, the Social Science Press published the book "Cost Management Handbook", which is the first monograph on cost management in China.

The first accounting theory document

The excerpt of China's accounting research literature is the first accounting theory document published by Dongbei University of Finance and Economics press in 2002, which was proposed by the Chinese accounting society. It fills the gap of our accounting theory monograph.

This book collects and extracts from six fields, including accounting basic theory, financial accounting, financial management, cost and management accounting, auditing, special business accounting and accounting innovation. It contains all the basic contents of accounting theory.

A professional newspaper in the field of first finance: the Financial Times

The accounting times is founded by the national organization of CFO, the leading leader of the financial accounting work, China General Accountants Association.

The newspaper was first published in February 2003 and is the first professional newspaper for financial accounting professionals in print media in China.

The first Accounting Society

The Shanghai Institute of accounting was founded by Pan Xulun, who was praised as the "father of accounting" by foreign accounting circles.

In 1924, when Pan Xulun returned from the United States, he served as Dean and treasurer of the Shanghai Business University, and Dean and professor of the Business School of Shanghai national Jinan University. He founded the Pan Xulun accounting office in 1927.

After the reform and opening up, Pan Xulun actively promoted the accounting work and set up the first Accounting Association of China, the Shanghai Accounting Association.

The Shanghai Institute of accountancy is now an important organization in the accounting field of Shanghai. Many accountants are directors of the Shanghai Institute of accounting.

The first accounting school in China

The "Li Xin accounting school", founded in 20s by a well-known accountant, Shanghai, is the first accounting school in China.

The Accounting School of the first finance and Economics University

The predecessor of the Accounting School of Dongbei University of Finance and Economics was the accounting department. It was first established in 1952 and restored to department level in 1981. In 1995 12, the approval of the Ministry of Finance became more famous, becoming the first accounting school in the country's first financial and Economic University.

In 1981, the College received the first degree of granting the right of master's degree, and the doctoral point was set up in 1993.

The first national accounting research base

In September 2000, the accounting and Financial Research Institute of Shanghai University of Finance and Economics was selected to the second batch of key research bases of Humanities and Social Sciences in ordinary universities and colleges.

This is the first national accounting research base in China. It is also one of the only two national accounting research bases in the country (the other is the accounting development research center of Xiamen University).

The first accounting firm: Shanghai accounting firm

The predecessor of Shanghai accounting firm was established in January 1981 for the purpose of adapting to the new situation of reform and opening up, approved by the Shanghai Municipal Finance Bureau. Its founder was Pan Xulun, a leading accountant in China.

Since the founding of the people's Republic of China, the first accounting firm approved by the Ministry of finance has independently undertaken the business of certified public accountants.

At the end of 1998, according to the requirements of the Ministry of Finance and the China Securities Regulatory Commission, the institution was officially renamed as "Shanghai accounting firm".

The first CPA Association

In November 15, 1988, the Chinese Institute of certified public accountants was established in Beijing.

At that time, Yang Jiwan served as president, Gu Shuzhen as vice president, Xie Ming as honorary president, Li Wenjie, Lou and Gu Fugu as advisers.

The first CPA qualifying examination

In December 7, 1991, under the auspices of the CPA Examination Committee, the first CPAs qualification examination was held in China.

The first batch of Sino foreign joint venture accounting firms

In July 1992, with the approval of the Ministry of finance, three Sino foreign cooperative accounting firms, including Andersen Huaqiang, KPMG Huazhen, and Ernst & young, were set up.

The first accounting postdoctoral student

Wang Guangyuan was born in Handan, Hebei in 1962. He graduated from the Hebei Institute of Geology (Shijiazhuang University Of Economics) in 1983. He earned his master's and master's degree in economics from Zhongnan University of Economics in 1987 and 1993 respectively.

In August 1993, he was admitted as the first liberal arts postdoctoral scholar in China and became the first accounting postdoctoral student in China.

The first accounting doctorate

Lin Zhijun received his first doctorate in accounting in Xiamen University in 1986 from the accounting department of Xiamen University.

Lin Zhijun is currently a professor at Hong Kong Baptist University and vice president of the Hongkong International Accounting Association.

The first female accounting doctorate

Qu Xiaohui graduated from the accounting department of Xiamen University in 1989 and received his doctorate in accounting.

She is currently the key research base of the Ministry of education, director of accounting development research center of Xiamen University, member of academic degree assessment committee, member of Academic Committee, academic member and director of China Accounting Association, executive director of Chinese Accounting Association, executive director of China cost research association, member of American Accounting Association, National Social Science Fund Project judge, Ministry of finance, accounting standards committee, accounting standards consultation expert, and expert expert of accounting degree of the State Council Degree Committee.

First doctoral student in auditing

Professor Li Ruoshan, vice president of Fudan University School of management and director of the accounting department and doctoral tutor, received his doctorate in auditing in 1989. He is the first doctor of audit to train himself since the founding of new China.

The first Chinese to win the CIA global champion.

In the 2001 International CIA (International Registration internal auditor) examination, Ms. Li Yanhua won the highest prize of the William Smith prize, the highest gold medal in the world, and became the first Chinese to win the award since 1974's CIA.

The first person to be president of the global professional accounting body is ACCA, President of Huang Jingan.

At the annual meeting of the the association of Chartered Certified Accountants (referred to as ACCA) Council in May 2003, Huang Jingan, a Chinese born in Hongkong, was elected ACCA global president.

He is the first non European president since the establishment of ACCA in 1904. He is also the first Chinese president to serve as the president of a global professional accounting body.

He will lead ACCA, the world's largest and fastest growing international professional accountancy organization, from November this year.

The first scholarship in the accounting field

In February 10, 2002, the first scholarship in China's accounting field, "Yang Jiwan scholarship", was set up in Beijing.