Research On The Quality Of Accounting Standards

Accounting standards is the criterion which rules the accounting information, and the accounting information could reflect the truth of enterprise's economic situation by abiding accounting standards. The quality of accounting standards affect directly the quality of accounting information, the information user's decision-making, and the validity of market's function of distribution of resources. The high quality accounting standards can result in accounting information's comparability, transparency and full disclosure, and can be advantageous to investor's investment decision-making and development of the capital market.The quality of accounting standards is a question which every country is faced with at present and should be solved urgently. In order to formulate high quality accounting standards and implement it effectively, we must study in a deep going way about the quality criterion, the basic theory, the formulation organization, the formulation procedure and the implementation system of the accounting standards. Firstly, this paper analyzes the background of the accounting standards quality and proposed my own view to the quality criterion of accounting standards combining with domestic and international research on the criterion. Secondly, based on the basic accounting theory, this paper researches deeply on the influence of financial accounting concept frame, formulation guidance of accounting standards and so on to the quality of accounting standards. Thirdly, the author analyzes that the formulation organization and the formulation procedure of the accounting standards can affect the quality of accounting standards, and then elaborates the factors which affect the implementation quality of accounting standards. Finally, in accordance with the status quo of China, the author carries on comprehensive and thorough discussion on the problem, the origin and the solutions of Chinese accounting standards, and then puts forward some proposals and the tentative ideas. This paper adopts many methods such as theoretical analysis, qualitative analysis and comparative analysis to research on the quality of accounting standards. The author wants to contribute to the theory development of accounting standards construction, and contribute to the establishment and consummation of Chinese accounting standards system.