Researches On Chinese Accounting Standards Internationalization

Along with the acceleration of information technology and Economy globalization, as a universal business language, accounting shows a more prominent function in boosting international trade, international capital flow and international economic communications. Speeding the march for accounting internationalization becomes an pressuring task. At the same time, International Accounting Standards Board (IASB) considered the situation and finished its strategic reengineering, and brought Setting International Financial Reporting Standards which is exclusive, high quality and universally applied into its strategic objectives. Based on that, this article made an comparison between Chinese Accounting Standards and International Accounting Standards, and found: the International Accounting standards' contents range is far larger than the Chinese one's, reflecting the former's global consideration; major contents of the former are reorganization, measurement, and disclosure, and the former emphasizes on the consistency on the selection of accounting policy, while Chinese one emphasizes on the uniformity of account, income and expense's classifying caliber, and relaxes on ruling on selection of accounting policy.At one time, from another point of view, the differences of accounting standards reflect some diversities of the factors such as various economic system, social environment, jurisprudence, culture background. Well then, should accounting standards internationalization enslaved to environmental factors? In previous researches, many researchers have found a large amount causations may had resulted in the discrepancy between varied countries' accounting standards. English accounting masters Christopher Nobes and Robert Parker believed in their International Accounting Comparison that the reason for the differences came from exterior environment, jurisprudence, capital provider, etc. It is deemed by many people that the differences between all countries' accounting standards may be the result of the differences of the countries' specific environment.Therefore, based on the comparison between Chinese Accounting Standards and International Accounting Standards and the analyses on the influence various accounting supporting environment applied on accounting standards, this article shows it was social environment, esp. the economic environment that led to the differences among varied accounting standards and influenced the development of accounting standards internationalization. On the ground of some foreign former researches, weselected six factors, including capital market, jurisprudence, taxation system, accounting profession, culture environment and contingency, and analyzed Chinese accounting supporting environment and compared it to the international environment, we find that, people often take object or fundamental hypothesis as logic start point during accounting researches, and both accounting object and hypothesis come from social environment. The particularity of Chinese economic environment, in some degree, brought to the particularity of accounting standards:(l)security market is less developed, and hence some standards are vacant;(2) weak rely on security market lead to not so strong need for public accounting information;(3)continent jurisprudence leads to lack of agility of accounting standard; (4)accounting profession's status directly influences CPA's independence; (5)that state-owned stocks have big shares makes accounting information lean to serve the major investor-government;(6)the separate of accounting laws and tax laws makes prudence principle better applied;(7) the Chinese traditional collectivism determines that accounting standards have higher authority.We can see from foregoing analyses that different environment factors have different grade influence on accounting standard. Accounting is a subject of social science, and will unavoidably affected by political, economical, legal, educational, culture etc. factors. Accounting researches of different countries have their own viable n...