International Comparison Of Accounting Standards Which Effect Equity Statement Most

In recent years, International Accounting Standards (IAS) and Chinese Accounting Standards are both increasing improvement and development. In 2001, International Accounting Standard Committee (IASC) reorganized into International Accounting Standard Board (IASB). It took IASB 2 years to get a series of reform in both procedure and content of IAS system. By February 15,2005 IASB had issued 13 final edition IASs and 6 International Financial Report Standard (IFRS). From 1997 to 2001, Minister of Finance People's Republic of China had issued 16 accounting standards. In 2005, 6 batches and total 22 exposure drafts had been issued. A whole Corporate Accounting Standard System is expected to be built in early 2006, which has 1 basic standard, 38 specific standards and relatively application guides. The orientation of Chinese Accounting Standards innovation is becoming close to IASs, so that the new demands of global economic will be meet. In this circumstance, it's essential to do a comparison research in IASs and Chinese Accounting Standards. Through the research, we can clear direction of Chinese Accounting Standards development and promote the agreement to IASs.The essay chooses stock B public issued companies as samples. The author investigates 87 companies' financial statements of 2004, also accounts, summarizes and analyzes differences between owner's equities under IASs and those under Chinese accounting standards. The author finds main subjects which cause the difference between owner's equities under IASs and those under Chinese accounting standards. The first 10 main subjects are: fixed assets, goodwill, investment, revenue, government subsidy, establishment charges, intangible assets, credit expenses, deferred tax, and minority stockholder's equity. Applying comparison research method and combining cases illustration, the assay analyses the differences from accounting standards aspect and compares IASs with Chinese accounting standards, and emphasizes on finding out the deep reasons of the differences. Though analysis and discussion on problems in Chinese accounting standards, the author try to search methods to coordinate Chinese accounting standard with IASs, and to give some advises upon standardize Chinese accounting standards.The essay consists of 4 parts:First part is the significance of research, the background of research, theobjection and the achievement of research. In this part, the author summarizes the reasons why choose this topic to research, the present situation of the research athome and abroad, the significance in theoretic side and practice side, the research objection and achievement etc.The second part is introduction of investigation on B stock issued companies' financial statements. In this part, the author shows the differences between owner's equities under IASs and those under Chinese accounting standards by lists.The third part is caparison of IASs and Chinese accounting standards, including comparisons of relative accounting standards of fixed assets, goodwill, investment and government subsidy.The forth part is conclusion part. In this part, the author summarizes comparison of IAS and Chinese accounting standard, and discusses the development direction of Chinese accounting standard.