| Up to this July, namely July 2003, it has been 10 years since the promulgation of the Basic Standard of Accounting Standard for Business Enterprises which marks the beginning of China's constituting the accounting standard. Throughout these years, Ministry of Finance has promulgated 16 specific standards and one Accounting System which carries the same function as a specific standard. Presently, there have been four specific standards at the final stage of requesting comments and will be finished within this year. The speed of making Chinese accounting standard is so fast and remarkable.Conclusion and planning share the same importance. No planning, no commence; no conclusion, no progress. 10 years ago, China targeted its institution of the accounting standard for the internationalization. China has gradually structured its accounting standard and formed initially the Chinese model. Is that model internationalization? Is the accounting standard internationalization? Has China achieved its original aims? It is vital to study comprehensively China's current accounting standard on the occasion of the 10th anniversary. It is also based on this point that I made out the currenf topic.The concept of accounting standard internationalization is different from that of accounting standard model internationalization. The former only restricts the enterprise accounting standard, is the final product of the whole accounting standard model system, and is merely the part of the accounting standard model-the most important part because the accounting standard has the direct restraint function of the enterprise accounting, it bears the function of allocation social resources. The accounting standard model is the description of accounting standard and of the general characteristic. In my opinion, except the description of the specific standard, at least it should compromise the introduction of the standard makers, grounds, methods and procedures of the relative matters.China has been aiming its constitution of accounting standard to theinternationalization. Does it mean the accounting standard model should follow the internationalization? We don't have the definite answer from the government authorities, accounting standard model has been developing on its own rule. This might result in: on the one hand, China's accounting standard is internationalization, on the other hand, China's accounting standard model is more and more characterized. It is for real? The answer could only be figured out through comparison and studies between China's accounting standard model and foreign countries'. In order to get the answer, four parts of my article make comparison and studies in full details. In each part, the method of my study is first make comparison between China and international current model and then find the discrepancy, analyze the reasons of such discrepancy, and point out the future trend by studying the relative theory.The first part makes the comparative study of the common and different parts of China's accounting standard making institution and the foreign current model. After comparison, we find it exists big difference between these two institutional models, In China, the model is typical governmental while the international model is folk. Through the analyzation of the reasons, I believe, the form of China's making institutions is inherent. It won't change on anyone' s intention and it complies with the China's situation, so it is reasonable to exist. It is not necessary that China follow the folk model to reform, but China's model is not perfect and needs further perfection thus improving the efficiency of the making institution.The second part studies the common and different methods between China and foreign countries. We learned from the studies that it differs a lot between these two models. Comparatively speaking, international model is mature and scientific. After studying the reasons of discrepancy, I think the formation of China's model is inherent but is influenced by personal opini...
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