On The Internationalization Of Chinese Accounting Standards

With the globalization of the economy, internationalization of the capital market and prosperity of the multinational companies, accounting is urged to stride across the borders of different counties so as to act better as a business language. Accounting standards internationalization has become the big trend of the world. Since China is trying to enter the door of the global economy system, she is inevitably confronted with the issue of the accounting standards internationalization. Therefore, how to think about the issue and how to react become the focus of this study.There are five chapters in this thesis:In chapter 1, it discusses the meaning of the accounting standards internationalization and the angle used to study the issue. It points out that, as for china, accounting standards internationalization is defined as the tendency-to-similarity of the Chinese Accounting standards (CAS) and International Accounting Standards/International Financial Reporting Standards (IAS/IFRS). And it will study from the angle of the Economic Consequences.In chapter 2, it analysis the essence of the IAS/IFRS and points out it is not flawless. What is behind the drawing up of IAS/IFRS is the interest conflict among the developed counties. Furthermore, the quality of IAS/IFRS is still to be improved.In chapter 3, it compares CAS and IAS/IFRS. Although CAS is similar to IAS/IFRS, there are quite a few differences between each other.In chapter 4, it lists the positive economic consequences and the negative economic consequences resulted from the tendency-to-similarity of the CAS and IAS/IFRS, then analysis them two together.In chapter 5, it put forward some suggestions to improve accounting standards internationalization of our counties separately on the drawing up and carrying out of the accounting standards.