The Study On The Objective And Evolution Of Macroscopical Accounting Policy Based On The Framework Of Corporate Governance

Since FASB come to cooperation with IASB, The IFRS has been accepted by more than one hundred countries all over the world. "The Harmonization of International Accounting" and "The Uniformity of International Accounting" have became the popular language of accounting field, which are speeding into the uniform global macroscopical accounting policy. Treasury Department of P.R.C issued the new corporate accounting standard in Feb 2006, accordingly the thought, custom and language of accounting have transformed enormously. There must be the same indispensable factors to drive the revolution into reality as other countries. Corporate governance is becoming the focus of the field of economics and management along with a series of failing of operation and finance in the western world, which is mostly related with the problems of accounting.There is no any scholar to study the evolution path of macroscopical accounting policy based on the framework of corporate governance though some scholar did some study on the relativity of them. The compositions on corporate governance and accounting policy have respectively come to truth.,but the combination of them still is strange for both the domestic and the foreign scholars.In fact,this study has been driven by current situations of world.Now, the current framework of corporate governance in individual countries are attributed to different models,the corresponding macroscopical accounting policies are various.In addition to it, the degree of their matching is inconsistent among many countries. Based on it,this dissertation did a study to answer these questions as follows,which are around the framework of corporate governance from the objective of corporate governance to the evolution of model of corporate governance, vice versa.What is the optimal path of evolution of corporate governance under the different objective of corporate governance? How did the objective of macroscopical accounting policy vary with the corporate governance? What is a optimal evolution path of macroscopical accounting policy under different objective-orient.In order to correctly answer those questions,this dissertation refered to the large number of international and domestic academic literatures. This dissertation employed the international comparative analysis and histeric evolutive analysis of the corporate governance and macroscopical accounting policy, then extracted the general rules, which widened the research field of this topic with the viewpoint of development and the attitude of respecting the difference.The following ideas were brought forward with: (1) The evolutive manner of corporate governance is derivational and gradual both in the countries representative by U.K and U.S and those representative by Japan and Germany. As for those countries located in South-East Asia and economies in transition, the manner mainly is compulsive and jumping. Depending on their excellent external and internal governance, the countries of UK-US model and German-Japan model contributed to the prosperity of world economy. The derivational and gradual evolution mode may be the optimal choice for the former. As for the latter, the compulsive and jumping mode is the optimal choice. (2) In an ideal situation, the objective of corporate governance and corporate governance model is of mutual adaptation. As for no matter what kind of objective of corporate governance,there is a set of optimal corresponding corporate governance model.Instead, in an ideal corporate governance model, we will achieve the objectives of corporate governance. (3) Advanced the broad-sense concept of accounting policies and defined the scope of the accounting policy. With the economic viewpoint of transaction cost and games for distribution, this dissertaion interpreted the birth of macroscopical and microcosmic accounting policy. (4) Corporate governance set a basic framework for macroscopical accounting policy. Corporate governance decides the accounting policy, instead, the suitable accounting policy optimized corporate governance. (5) Showed the evolution path of macroscopical accounting policy of different countries and found that the jumping-mode was adopted by the German and Japan in the international accounting policy harmony and the other advanced countries representative by UK and US dopted the gradual mode. But for the South-Eest families-ruled economy, the path is uncertain. (6) Analysed and compared the objective of the different countries' macroscopical accounting policy and found that those kind of countries leaded by the external governance set the decision-making objective as a major objective and another kinds of countries like German and Japan prefer to responsibility-entrusted objective. But for China, the objective is inconstant. (7) The process from corporate governance objective to evolution of macroscopical accounting policy is ordinal transfer going with every tache mild adjustment. Contrarily macroscopical accounting policy evolution will support the corporate governance evolution and objective inverted which become a circle. Every circle is a advance and advancement to promote the objective of corporate governance and macroscopical accounting policy to being more perfect.This dissertation based on resolving the problems of P.R.C. Brought forward optimal evolution path of corporate governance according to current different corporate governance model in P.R.C and the optimized evolution path of macroscopical accounting policy. The example about the reform of equity division of China (one of the ways of optimization of corporate governance) examined the viewpoints in this dissertation. The authors put forward a few suggestions: Firstly, set different evolution path of corporate governance for the different corporations under the various corporate governance model, then choose the fitful objective of macroscopical accounting policy, so that establish the optimal macroscopical accounting policy system. Secondly, request different evolution manner of macroscopical accounting policy, combines the jumping mode with external regulation and gradual with internal one. As for the government-leaded corporate goverance, the first phase of evolution is gradual and second phase is jumping. But it is contrary for families-ruled corporate goverance. Thirdly, consideration should be given to the different needs of different models. Regular a shared macroscopical accounting policy for two kinds of module and give the choice right to them in order to support different evolution path. Fourth, Employ the encourage and preferential policy of the obeyance of the macroscopical accounting policy to back up the evolution of corporate goverance of various companies.