What do you think is the significance of economic law to the accounting profession?

Please answer clearly first: economic law is a constraint on economic behavior; Accounting's record of economic behavior; If you don't understand economic law, you can't guarantee the correctness of accounting records.

Explain the reason:

? Economic law is not a single law passed by the National People's Congress, but a legal system involving many economic activities, generally including: property law, contract law, partnership enterprise law, company law, securities law, enterprise bankruptcy law, bill and payment and settlement law and other laws and regulations; If you don't understand the property law, in accounting treatment, property management companies occupy public areas, such as elevators, corridors, bulletin boards and other advertising revenue. , can be fully recognized as the income of the property management company. In fact, in the absence of agreement with the owners, this part of the right to income belongs to all owners;

If you don't understand the contract law, it will easily lead to problems in judging the time of revenue recognition. For example, it is wrong to confirm the income directly according to the time when the goods are issued, because the contract risk has not been transferred to the customer at this time;

If you don't understand the partnership enterprise law, you will have no way to start when judging whether to include the third-party enterprise in the scope of merger. Most private equity funds are special general partnerships; Only by understanding the partnership enterprise law can we know the ultimate controlling party of private equity funds;

If you don't understand company law and securities law. I don't know whether the company meets the basic financial indicators of IPO; Areas that need to be improved in financial data;

If you don't know if there are any solutions to bills and payment settlement methods, it is likely to affect the correctness of your accounting treatment of bills receivable and bills payable;