Maybe some Lao Tie thinks that there is nothing to learn, it is all some framework text descriptions, dry and meaningless, and after watching it again, they began to enter the study of specific guidelines in full swing.
In fact, the general theory is the core of accounting, and the core ideas of accounting are summarized here.
The basic assumptions of accounting, the fundamentals of accounting, and the requirements for the quality of accounting information .......
These can be called the "mother theory" of accounting, and they are the underlying rules of accounting.
The underlying rules are the power of everything.
The closer the description of a thing is to its essence, the more efficient the practice will be, and at the same time, it will be able to reach a higher realm.
In a word, a rule, a theory, pointing directly to the heart, a word is said, the clouds are clear, and the avenue is broken.
For example, Euclid discovered the "axioms of geometry", and with a few simple axioms, he explained the complicated and troublesome geometric knowledge clearly;
Darwin used the words "natural selection, survival of the fittest" to completely break down the ins and outs of the evolution of 8.7 million species on the earth.
In the same way, the general argument is the foundation of the edifice of accounting, on which skyscrapers can be built.
Take the article "substance over form" as an example, it can be seen everywhere in CPA accounting.
For example, in the new leasing guidelines, there is a section on "sale and leaseback" (see the article for the general logic of sale and leaseback: money always flows to those who are not short of money, and love is always given to those who are not short of love), and the textbook lists two situations:
1.The transfer of assets in a sale-leaseback transaction is not a sale;
2.The transfer of assets in a sale-leaseback transaction is a sale.
For example, you sell me equipment worth 36 million yuan for 24 million, and then rent it from me for 18 years, pay 2 million yuan per year, and then buy back the equipment for 100 yuan after the lease period ends.
Is this a sale? Is it considered a sale?
It seems to be sold, but it doesn't seem to be sold.
Let's say it's sold, you have rented it back for so long, and the total rent you paid is higher than the original selling price, and you can buy it back at a very low ** that is the anger of a person;
Say no, you and I did sign a sales contract, and ownership did transfer to me.
The lotus root is broken, pulled, pulled, and sticky.
Is it a sale or not?
Do you feel that you are scratching your ears and cheeks, helpless, helpless, and poor in donkey skills?
At this point, the role of the foundation comes out.
The general remarks tell us that substance is more important than form.
A sale is made when there is a transfer of control.
Acquisition of ownership does not mean that control is transferred.
Accounting is not a law, we don't care about the legal form, we care about the economic substance, and the legal form is just a reference when we explore the economic substance.
Most of the fixed assets are put into production and put into use to create economic benefits, so whoever can use the asset for a long time, use the asset for their own benefit, and bear the risk of asset damage, the control of the asset will be transferred to whom.
As for whose nominal ownership it is, don't care, don't care, it doesn't matter.
We don't look at the face, we only focus on the inside.
So the above example, is it for sale?
No. Because after the lease expires, you can continue to maintain the use of the asset in the form of a buyback, and the control is not transferred.
That is to say, although you have sold the asset, you still firmly control the right to use the asset through long-term lease + repurchase at maturity, from life to death.
If that's not control, what else is control?
Finally, a paragraph
"I am a manly man, how can I be afraid of my wife, but I am different. ”Here, who is the economic substance and who is the legal form?How is it different? ”
Normally, we are husband and wife, when we agree, she listens to me, and when we disagree, I listen to her.
You guess. 
February** Dynamic Incentive Program