In order to meet the needs of reform and economic development, establish an independent accounting standard system for enterprises suitable for China, and fully integrate with international financial reports covering various financial activities of enterprises, the Ministry of Finance issued a new accounting standard system, including a general standard and 38 specific accounting standards. Accounting Standards for Business Enterprises No.65438-Inventory is one of the 39 accounting standards issued by the Ministry of Finance on February 6, 2006, and it is also the revision of Accounting Standards for Business Enterprises-Inventory issued on 1 1 September 9, 2006. After the implementation of the new inventory standards, listed companies have different reactions. Some people think that the new standards are successful in promoting business development, while others think that the new standards are not conducive to the development of companies, and some provisions of the new standards need to be further improved. In addition, some domestic experts and scholars have different opinions on the specific content of the new standard. They think that many contents need further consideration and improvement.

Through the analysis of the specific provisions of the new inventory standards, on the one hand, it analyzes the differences between the old and new standards, on the other hand, it analyzes the influence of the new inventory standards on enterprises. On this basis, several problems existing in the implementation of the new inventory standards are found, and through the analysis of these problems, reasonable solutions are put forward.