Accounting Law of the People's Republic of China (Amended in 1993)
Accounting Law of the People's Republic of China (Amended in 1993)
Accounting Law of the People's Republic of China (Amended in 1993)
Order of the President [1993] No.17
December 29, 1993
(Adopted at the 6th Standing Committee of the Ninth National People's Congress on January 21, 1985, and amended by the Decision of the Standing Committee of the National People's Congress on Amending the Accounting Law of the People's Republic of China passed at the 5th Standing Committee of the Eighth National People's Congress on December 29, 1993)
Chapter I General Provisions
Article 1 This law is formulated in order to standardize and improve accounting work, ensure that accountants will function in accordance with law, and bring into play the role of accounting in safeguarding the order of the socialist market economy, strengthening economic administration and improving economic efficiency.
Article 2 State bodies, public organizations, enterprises, institutions, self-employed industrialists and businessmen and other organizations shall execute their accounting matters in accordance with this law.
Article 3 The accountancy body and personnel must observe the laws and decrees set down in this Law and abide by them when carrying on the business of accounting and performing accountancy supervision.
Article 4 The leader of a unit shall supervise the accountant departments, accountants and other personnel in implementing this law; make sure that accounting data are lawful, truthful, accurate and complete; and ensure that the functions and powers of accountants are not infringed upon. No one is allowed to retaliate against an accountant.
Accountants who carry out this Law conscientiously, devote themselves to their duties and achieve remarkable success in their work will be rewarded appropriately.
Article 5 The financial department of the State Council shall administer the work of national accountancy.
The financial department of the local people's government at various levels shall administer accountancy in their region.
Article 6 The national unified accounting system is formulated by the financial department of the State Council in line with this Law.
Financial departments of the provinces, autonomous regions and municipalities, competent departments of the State Council and the General Logistics Department of the People's Liberation Army may, under the precondition of not contravening this law and uniform state accounting systems, formulate specific procedures or supplementary provisions for implementing uniform state accounting systems and submit them to the financial authorities for approval or for the record.
Chapter II Business Accounting
Article 7 The following matters should go through accounting procedures and business accounting:
1.
......
Order of the President [1993] No.17
December 29, 1993
(Adopted at the 6th Standing Committee of the Ninth National People's Congress on January 21, 1985, and amended by the Decision of the Standing Committee of the National People's Congress on Amending the Accounting Law of the People's Republic of China passed at the 5th Standing Committee of the Eighth National People's Congress on December 29, 1993)
Chapter I General Provisions
Article 1 This law is formulated in order to standardize and improve accounting work, ensure that accountants will function in accordance with law, and bring into play the role of accounting in safeguarding the order of the socialist market economy, strengthening economic administration and improving economic efficiency.
Article 2 State bodies, public organizations, enterprises, institutions, self-employed industrialists and businessmen and other organizations shall execute their accounting matters in accordance with this law.
Article 3 The accountancy body and personnel must observe the laws and decrees set down in this Law and abide by them when carrying on the business of accounting and performing accountancy supervision.
Article 4 The leader of a unit shall supervise the accountant departments, accountants and other personnel in implementing this law; make sure that accounting data are lawful, truthful, accurate and complete; and ensure that the functions and powers of accountants are not infringed upon. No one is allowed to retaliate against an accountant.
Accountants who carry out this Law conscientiously, devote themselves to their duties and achieve remarkable success in their work will be rewarded appropriately.
Article 5 The financial department of the State Council shall administer the work of national accountancy.
The financial department of the local people's government at various levels shall administer accountancy in their region.
Article 6 The national unified accounting system is formulated by the financial department of the State Council in line with this Law.
Financial departments of the provinces, autonomous regions and municipalities, competent departments of the State Council and the General Logistics Department of the People's Liberation Army may, under the precondition of not contravening this law and uniform state accounting systems, formulate specific procedures or supplementary provisions for implementing uniform state accounting systems and submit them to the financial authorities for approval or for the record.
Chapter II Business Accounting
Article 7 The following matters should go through accounting procedures and business accounting:
1.
......