The catering industry can use enterprise accounting standards, small enterprise accounting standards and enterprise accounting system.

The Enterprise Accounting System is applicable to all qualified large and medium-sized enterprises except financial and insurance enterprises. The enterprise accounting system focuses on the operability of recording and reporting accounting elements, and the contents of confirmation and measurement are only organically reflected in accounting subjects and instructions for use, focusing on practice.

Accounting standards for small enterprises are applicable to small enterprises, especially those established in People's Republic of China (PRC) according to law, and their business scale conforms to the classification standards for small and medium-sized enterprises issued by the State Council.

The accounting standards for small enterprises simplify the accounting recognition, measurement and reporting of small enterprises on the premise of following the Accounting Standards for Business Enterprises-Basic Standards.

What is the difference between accounting standards and accounting systems?

To put it simply: standards and systems are issued to regulate accounting behavior, so there is no substantive difference between them in content, but the concept of system formulation is different. The former is principle-oriented and the latter is rule-oriented. In fact, there is a complete choice between the two, and the reason why China has both standards and systems is precisely because we didn't decide which concept to adopt to formulate our system.

Therefore, the Ministry of Finance adopted the principle-oriented "standards" to realize the international convergence of accounting, rather than the rule-oriented "system", which is also a great reform in itself.

For accountants, the main difference between the two is that the implementation of the standards will require accountants to make more professional judgments.