What is the significance of accounting staging hypothesis?

The significance of accounting staging hypothesis lies in dividing accounting periods, closing accounts by stages and preparing financial reports on schedule, so as to provide accounting information reflecting financial status and operating results to interested parties in time and meet their needs.

Theoretically speaking, in the case of continuous operation, only after all the production and operation activities of the enterprise are completed, the financial status and operating results of the enterprise need to be reflected, and then the accurate calculation can be made through the collection and comparison of income and expenses, but the accounting information provided at that time has lost its due role, so this process must be artificially divided into shorter accounting periods.

Accounting staging hypothesis is a concrete division of accounting work time range, mainly to determine the accounting year. The fiscal year adopted at home and abroad is generally the same as that adopted at home. In China, the calendar year is the fiscal year, that is, from 65438+ 10 to 65438+February 3 1. After the accounting year is determined, the accounting semi-year, accounting quarter and accounting month are generally determined according to the calendar. Among them, any reporting period shorter than a complete fiscal year is called interim period.

The accounting staging hypothesis is of great significance. With accounting by stages, there is a difference between current and non-current, resulting in the requirements of cash basis and accrual basis, as well as the division and proportion of income expenditure and capital expenditure. Only by correctly dividing the accounting period can we accurately provide the information of financial status and operating results and compare accounting information.