Study On Structuring Of China's Accounting Standards Frame System

Since reform and opening-up, especially in the past ten years, accounting standards reform has become deepen constantly in China. It has taken great paces during a short period and coordinated with the International Accounting Standards in many aspects, so it has won the high evaluation of the international accounting field. Among them, the Ministry of Finance has already issued and implemented many accounting standards and accounting system in enterprise accounting standards respect, which have made great contribution in standardizing enterprise's accounting behavior. In the budget accounting field, it has issued the Budget Accounting Regulation including Overall Finance Budget Accounting, Governmental Unit Accounting & Institutional Accounting and Accounting Standards for Non-profit Originations, etc, which have improved the whole management level of the budget accounting greatly in our country. However, with the improvement of socialist market economy system and the varying external economy environment in our country, various kinds of new economic business of enterprise are emerging constantly. At the same time, the paces of China's financial management system are being accelerated obviously, the budget accounting environment is changing rapidly, especially the transformation of governments' role requires the overall reform of the current budget accounting to meet the needs of development under the new situation. So it is necessary to consider practical situation of development of economy to promote accounting standards reform and further development in China. In this background, this paper attempts to structure a relatively complete accounting standards frame system in order to offer reference for the perfection of accounting standards and guide accounting standards reform & standardization of accounting practice in our country.This paper carries on the discussion of the accounting standards frame system from following respects. Firstly, it theoretically analyzes and distinguishes the related concepts of the accounting standards frame system, and explores it which containsenterprise accounting standards, government accounting standards and non-profit organization accounting standards. It also analyzes the nature and characteristic of the frame system. Secondly, based on such framework, this paper discusses China's current situation of the enterprise accounting standards, government accounting standards and non-profit organization accounting standards respectively and points out the main existing problem. Then this paper proposes Chinese accounting standards internationalization is basic development trend in future. It discusses the background, basis and the realistic meaning of it too. Finally, by drawing on accounting standards and the basic development trend of our country, this paper tries to propose several suggestions to perfect the accounting standards frame system in China. So it structures accounting standards frame system which is composed of three sub-systems including enterprise accounting standards, government accounting standards and non-profit organization accounting standards. This frame system also contains three layers of conceptual framework for financial accounting, accounting standards and guiding system of accounting professional judgment.The characteristics and contributions of this paper lie in the facts that it theoretically analyzes the concept of accounting standards frame system, which helps to get a better understanding for academic research, and it provides a relatively complete framework for the research on accounting standards. Therefore, this paper puts forward some advice for the improvement of accounting standards frame system in our country.