Change Characteristics Of Accounting System And Its Economic Consequences Of Reality:Evidence From China (1912-2013)

The development of accounting is reactive(Chatfield,1989).The accounting research based on the long-term development characteristics of accounting system and related factors is an effective way to study the accounting issues.The study of accounting history has always been an important part of accounting research.The accounting system can regulate and assign the economic benefits among the enterprises,government,investors and creditors,and even monetize the social responsibility of enterprises and individuals through the calculation and confirmation of property rights and income distribution.In fact it's a result of negotiations of major social interest groups,and therefore it have a natural economic consequences.At the same time,as an integral part of the economic system,accounting system and the economic system has natural similarities and interdependencies,could be mutual reference and explanation for each other.The new institutional economics theory is an effective method and angle to explain the reasons and consequences of accounting system change.This is the theoretical background of this thesis.Although the research of Chinese accounting system has long been focused on the standard period of the advanced stage of accounting system development,but we do know that any kind of institutional selection and development are spiral of repeated and rising,rather than overnight.China's modern accounting system was begun and development from the National Government in 1912,some of the accounting system model for the subsequent development of far-reaching and even stretches so far.That's the reason why I think my study of modern Chinese accounting system should start from the initial stage of China's modern accounting system,and analyzes the characteristics of development from the causes and manifestations of institutional change.The main issue of this paper is to summarize and analyze the general characteristics of China's accounting system on the basis of reviewing the change path of accounting system in China in the past one hundred years.Through analyzing some Chinese accounting systems from economic consequence angle,Accounting system with the economic consequences of this issue to demonstrate.The content of this paper is arranged as follows: The first chapter is the introduction,will introduce the background,purpose,methods and significance of the study;The second chapter is the theoretical basis and the literature review,elaborates and analyzes the theory of institutional change,the economic consequence theory and the interest groups that influence the change of Chinese accounting system;The third chapter is the historical evidence of the change of China's modern accounting system,According to China's political and economic history,there are four steps in china: the period of the Republic of China(initial development),the socialist planned economy period(industry unified accounting system),planned commodity economy(transitional accounting system)and the socialist market economy(accounting standards);Chapter four analyzes the main characteristics of China's accounting system changes.I summarize the general characteristics of China's accounting system changes in the past 100 years and analyze the influence of internal inducement factors,international factors and property rights diversity factors on China's accounting system changes.Chapter V is about the Economic Consequences of the Changes of Modern Accounting System in China.This part studies the economic consequences of the accounting system in China,including disposal costs,intangible assets,share-based payments,fair value disposal methods and major changes in the process of internationalization of China's accounting system to promote the internationalization of China's economy.The conclusions of this paper include the summary of the main characteristics of the changes of Chinese accounting system and the economic consequences of the accounting system.Transition characteristics as follow: the first one is the normative content,the general trend of the development of China's accounting system is from the budget accounting system to the enterprise accounting system and budget accounting system.The second one is,the change of accounting system in China is a kind of government forced coffer under the induced change.The third one is,China's accounting system,including corporate accounting system,changes in the performance of the path-dependent characteristics of the obvious.The fourth,the change of China's accounting system has obvious international characteristics,but at different periods the specific form of internationalization is not the same.The fifth,the change of Chinese enterprise accounting system has the characteristics of jumping development.The sixth,the accounting system of Chinese enterprises has the characteristics of long-term multi-track parallelism.The conclusions of this paper on economic consequences as follow: Based on the evidence of economic consequences arising from the disposal costs,equity incentive,disposal of R & D expenditure on intangible assets and use of fair value in the current accounting standards,it is concluded that the innovation of enterprise accounting system is important to promote the healthy development of economy,Influence enterprise decision-making effectiveness,help enterprise Improve efficiency investment Strategy.In addition,through the evidence of the change of the internationalization of the accounting system and the international economic interaction,it proves that the change of the accounting system of the enterprise plays a role in driving the international economic integration.Of course,it is undeniable that the economic consequences of the accounting system have not only positive parts.No system in this world can solve all of the problems.This is a technical problem;both come from institutional executives and the system itself.That's the common objective of the shortcomings of the decision.These problems and shortcomings,are also the impetus and direction to promote changes our accounting system.Based on the above research,this paper presents the following recommendations: the first,the establishment of enterprise accounting system should be forward-looking planning,to avoid the temporary steps.Of course,we cannot deny that due to human cognitive capacity and knowledge of the shortcomings of reserves,social development and the interaction of various factors,the unpredictability of the interaction,system developers cannot guarantee the perfect system to solve all problems,but should have the overall vision,social and historical sense of responsibility.Both to ensure that the current needs,but also to avoid excessive transitional measures appear,so as to avoid excessive consumption of social costs.The second,we should be further strengthened with the international scope of enterprise accounting system collaboration.We should be sure to make our accounting system become an important tool for international communication.The third,the establishment and innovation of the accounting system should encourage the participation of the business community,to ensure the system be more enforceable and operational,more representative.Enterprise accounting system is a kind of operation specification,and it should be considered on the basis of sufficient theoretical argumentation.