The Research On Coordination Between China Accounting Standard Of 2006 And International Accounting Standard

The direction of the revolution of China accounting system is the internationalization of accounting standard. Since 1992, consulting international accounting standard and international rule, aiming at the economic development in China and basing on the conception of the guidance and operationality. The Ministry of Finance has issued several editions of accounting rule, which constructs a series of accounting standard. On February 15^th 2006, the Ministry of Finance issued the newest accounting rule and auditing rule, which constituted the newest accounting standard. This paper, contrast the international accounting standard, makes the research on the coordination between China newest accounting standard and international accounting standard. Accounting coordination usually consists two main aspects: rule coordination and practice coordination. Concerning rule coordination, this paper, through the research from two different points of view, analyzes the differences between the items of the accounting rules and measures the distance according to the differences. The research of practice coordination continues the research of rule coordination. This paper uses an empirical study to find a conclusion. This paper constructs a model of hypothesis test, the data of which comes from the listed company. Making use of the knowledge of statistic, we can get the result about the model. Then through the logical relationship between sample and population, we can validate the practice coordination. The research of this paper gives the comparison basis for the perfect of China accounting standard, describes the direction of the future revolution of China accounting standard. Hope the research gives the help to China accounting internationalization.