Research On The Accouting Standards

Accounting Standards are the rules of accounting practice, which has already been proved by current accounting practice worldwide. From July 1st 1993, China Ministry of Finance started to Fundamental Accounting Standards, which symbolize that accounting in China has been put on the way of standardization.The purpose to select Accounting Standards to research is of the importance of the Accounting Standards in accounting work. The perfection of the Accounting Standards or the effect of implementing the Accounting Standards will directly relate the usefulness of the accounting balance and the investor's confidence to the capital market, then influence the development of a country's economy. This is the reason why I research on the Accounting Standards.The Chinese Accounting Standards are mainly divided into two levels. The first level is the Fundamental Accounting Standards and the second one is the Specific Accounting Standards. The article mainly discusses these two levels. On the other hand, with the development of global economy, the international coordination of Accounting Standards is becoming more and more important, so it also becomes the emphasis discussed in the article.