A Study On Accounting Standards Change Based On The Convergence And Accounting Standards Implementation

The in-depth and persistent internationalization developments of capital marketsneed eagerly the increase of accounting information comparability, while theprecondition of the increase of accounting information comparability is theharmonization even convergence of accounting standards. Presently nearly everycountry changes its native accounting standards to converge with IFRS. Whether theconvergence of accounting standards can realize the comparability of accountinginformation, the key is how accounting standards will be implemented. If accountingstandards can not be implemented strictly and consistently, the function of accountingstandards convergence would be weakened.This dissertation introduces convergence change processes of internationalaccounting standards, accounting standards in some main countries and in China, andanalyzes the connotation, motivation, paths and results of accounting standardschange; then defines conceptual contents of the implementation of accountingstandards, constructs its theoretical framework, infers some conclusions, and reviewsrelated researches; next studies issues emerging in the implementation of IFRS in EUand new accounting standards in China based on several survey reports; Finally doesempirical research on the implementation consistency of new accounting standards inChina and factors influencing the implementation, and discusses implementationresults.Main conclusions of this dissertation are as follows. Motives and path choices ofaccounting standards change will have effects on the implementation of accountingstandards, while the implementation of accounting standards will also have a effect onthe expected results of accounting standards change. During the initial stage after theconvergence change of accounting standards, implementation situations at home andabroad are good as a whole. However, path-dependence on old standards,incompleteness of new standards and related institutions, implementers' interestmotivation and other factors, lead to implementation inconsistency among enterprisesand countries. The implementation inconsistency among Chinese enterprises is morein "quantity" than in "quality", the implementation of accounting standards is notstrict, and the information disclosure is a "boilerplate". Primary factors influencingthe implementation of accounting standards for Chinese enterprises are types of theirauditors, their development abilities and sizes. In summary, the above research results suggest that the smooth transition iscarried out basically after the accounting standards change for the purpose ofconvergence in each country. However, issues emerging in the process ofimplementation should be solved by improving institutional environment,strengthening regulation, and revising standards, so that expected results andfundamental objectives of standards convergence can be received.