The Study On Accounting Standard Setting

Accounting information is an indispensable product and resource to the high efficient operation of the market economy. The quality of the account information is essentially determined by the quality of the underlying accounting standards. The accounting standards bridges the accounting theory and the standardization of accounting practice. Further, the quality of the accounting standards is significantly affected by the models it builds on. With the ongoing systematic construction of accounting standard in our country, the study of certain issues of the accounting standards setting is practically important. The thesis studies the mode of the production of the accounting standard i.e. establishment of accounting bodies, foundations and procedures, and the internationalization of the accounting standards. Combined with the current status of the development of the accounting standards in our country, the study is to find out a more reasonable approach to establish the accounting standards in our country.Chapter one is the introduction. Issues are raised based the current status of the accounting standard setting in our country and other countries.In Chapter two, Starting from the extroversive characteristic of business behavior, it expatiates the motivation of the accounting standards setting based on the Coase law and the analysis of the cost benefit. It derives that the accounting standards setting is a policy arrangement that will reduce the expense of commodity exchange. When the benefits of the accounting standards setting is over the commodity cost, change of the principle becomes the driving force of the accounting standards setting.Chapter three clarifies a few confusing concepts and points out the logically initial point for the research of the accounting standards setting.Chapter four introduces the major setting mode of the accounting standard. It evaluates the principle mode of the government and of the non-government. The study agrees with the rationality of the government principle mode, but further points out a trend that the participant of non-government professional organization is to be...