Research On The Construction Of Conceptual Framework In China

Under the influence of economic globalization, especially after China's accession to WTO, the international trend of accounting standards is inevitable. Due to this situation, China's accounting rules and auditing rules should be further improved, in order to reduce enterprises'costs for foreign investment and optimize the domestic environment for investment. Therefore, on the basis of using the research of domestic and international CF, how to make a CF that adjusts to the special economic environment in our country is of great significance. This CF should improve our country's accounting standards, rationalize accounting standards system, adjust the parts of accounting rules that could not meet the requirements of economic development, and help China's accounting rules catch up international rules as soon as possible. With analysis of construction for foreign CF, especially their advantage and disadvantage (most analysis for U.S. CF),we got many proposal for constructing our special CF, and got the idea that because of the drawbacks of the current accounting standards, building a conceptual framework of financial accounting is imminent. Meanwhile, this article elaborates when build a CF, which kind of principles should be followed, how the logical starting point, the logical structure, building process and legal positioning would be like.