Comparison Between International Accountancy Norm And Domestic Accountancy Norm

It is the heat point problem that facing one international accountancy norm among the whole world. How to achieve the target that our country accountancy norm together with international norm as far as possible, is the problem that our country accountancy circle have to be faced. To our country the first pace should be to analyse the difference and the reason making objectively between the domestic accountancy norm and the international accountancy norm.The follow research angle is to see the difference against the domestic accountancy norm of international accountancy norm through the corporation financial reports. Through the example of the case, we find that the effect to the cash flow of different accountancy norm is unobvious. This illustrates that two kinds of disparities at this aspect were little. It seems yet on total, most aspects of financial report form which being living on the basis of two kinds of norm have difference, moreover financial report which made according to domestic accountancy norm express better than that according to the international norm. And pay attention to this kind of appearance, we find that it has the universality in many companies' report form. The reason of Creating this kind of appearance, except for accountancy norm divergence, still have that the particular policy, audit profession deciding divergence, audit grasp trade quality and the divergence understanding to financial report significance. With the certain accountancy data among 1994-1999, we can conclude that the correlation of the accountancy profit in according to the international norm (international accountancy norm) with stock return is not higher than that of the domestic norms.