Study On The Process And Effectiveness Of International Harmonization Of China Accounting Standards

With the advent of the era of economic globalization, international economic exchanges and cooperation have become increasingly frequent, particularly cross-border movement of capital is the scale and speed has been enhanced significantly. This is bound to reduce the differences in the accounting standards of every country, to strengthen the international comparability of financial information and the convergence. For this reason, this paper analyses the differences between the accounting standards of our country and the International Financial Reporting Standards (IFRS). In this paper, based on China's capital market information disclosure requirements, as well as the development of China's accounting reform process, the new accounting standards to the status of international coordination empirical study, selecting samples of the 2005-2007 AB shares of listed companies, and from the net profit variance analysis and accounting information content of the study comparing the two. This paper studies found are: implementation of the new accounting standards, the difference in the overall dual disclosure did not significantly lower, but the difference is relatively small to the execution result of the new accounting standards. International accounting standards and the information content does not significantly higher than that of China's accounting standards, new Guidelines formal coordination and no increase in the quality of accounting information. Through this study, new accounting standards can test the effectiveness of international coordination, international accounting standards for the practice of the process to provide empirical evidence.