Compare Chinese Accounting Standards With American Base On The Culture Factors

For the economic globalization, more and more governments and organization believe that the accounting standards for special country should become international convergence. At 2007 year, China has implemented new accounting standards, which is developed based on international accounting standards (IAS). The American accounting standards is different with other countries in the world, which also differ to IAS. The purpose of this article is that analysis the impact of the difference between Chinese and American culture on their accounting standards, base on the analysis of the relationship between culture and accounting. It finds that it is not only for economy but main culture factors that lead to the diversity between China and America. The difference is aroused by historic factors. It is false that do convergence for union. The development of accounting standards for a special country should rely on the local culture background, and recognize the difference.