Study Of The Difference In Accounting Standards Internationalization Among Countries

As the international business activity is increasing dramatically through traditional exporting and importing of goods and services as well as foreign direct investment, capital markets are opening up and becoming more transparent and capital flows freely around the world at a quicker pace. No country can exist solely under this background. To the entities, only take themselves in the world economy scope can they get a sufficient and steady development. In the international economic activities, as an important indicator on a country's economic developmental level and developmental potential, accounting data can direct the limited economic resource to a more effective allocation. However, because of the difference of the historical, environmental, economic system, law system in the different countries, there are many kinds of accounting system across the world now, which make the comparability is low, the cost is rather high for the investor to understand the accounting information from other countries, all these are obstacles to the world capital's free flow. Recently, many countries'accounting manage department and the international accounting, economic organizations were set up to the research of the accounting global harmonization, try to set a standards accounting and reporting rule which can be used to all of the countries in the world. In this paper, America, EU and the member countries, Australia, Japan and China were picked out. Through the analysis of the countries'accounting model, the process of the standards-setting, the newly pulse of the accounting theory and practices in these countries, we can use for reference to our own country's accounting internationalization process, to achieve the goal of make our accounting standards'harmonization, and, how to protect our country's interest during this process.