The Study On The Rights Of Making Accounting Rules

People usually understand accounting system from the point of management system or information system. But the idea is changing; accounting researchers gradually realize the importance of studying modern accounting system under a more widely economic background.Based on the economic benefit underlying the accounting system, the article tries to discover the economic relationships behind the accounting system, and constitute analysis framework that harmonize the stakeholders' economic relationships so as to improve economic welfare. The article analyses the shortcoming of traditional accounting theory, then the author propose the concept of accounting rules and the right of making them. From this point, the author discuss the meaning of the rights of making accounting rules, and how to arrange them through constituting contracts. Also the author considers the enforcement of the contracts about the rights of making accounting rules.The results of the study are following: Firstly, the rights of making accounting rules lie between residual claims and residual control of firm and take great effects on the corporate governance. Secondly, all kinds of enforcement mechanism of the rights of making accounting rules form a united system. Finally, the historic factors play important roles in the constituting and enforcing of the contracts of making accounting rules.With the results of the above, the author analyzes problem of the constituting and enforcing of the contracts of making accounting rules of state-owned company in China and gives the responding suggestions.