Analysis on China's equipment manufacturing security issues based on industrial control

Abstract: New accounting standards require listed companies using balance sheet liability method to account for income tax expense. Balance sheet liability method is done by calculating the temporary differences，then confirming deferred income tax to get the current corporate income tax expense. Income tax expense will reduce current net income. Therefore，the existence of temporary differences has an impact on net income，thereby affecting the profitability of companies. We analyse the impacts of new accounting standards on listed companies 'profitability by statistical analysis． Key words: New accounting standards Temporary differences Profitabilit