A Study On Comparement Of New Chinese Accounting Standards And International Accounting Standards

In February 2006 China formally promulgated the new corporate accounting standards, the new corporate accounting standards applicable to listed companies from January 1, 2007. This is a milestone in the accounting profession, it will push China to a more modern economic model transition, and accounting information will help users make more informed decision-making. The Chinese government have long recognized that the global convergence of accounting standards of necessity, from the initial development of the guidelines,we keep close touch with the International Accounting Standards Board , the Ministry of Finance formulated the guidelines are based on a reference from the major international accounting , there is still a lot of difference between them. In this paper, making an objective analysis of the difference between national accounting standards with international accounting standards in some of the criteria.There is big difference in CAS and IAS for the Asset Devaluation Principle ,Corporation Consolidation Standards and Finacial Statement Report standards . The adoption of the difference and remaining controversial issues,we found: China Accounting Standards covers a smaller provision. It is not detailed enough and poor operation .Some of the new deal with these problem have not yet involved. Our existing accounting standards by the structure of the basic principles and specific criteria for the composition. We classified the conceptual framework and the contents to the basic accounting standards .The practices have more access to international practice. In addition, the implementation of China's accounting standards and accounting systems in parallel with the practice is different in most countriesOn the basis of the comparison of specific criteria, we used demonstration analysis toanalyze the impact that diffenrences between the criteria to profit. This paper takes a qualitative analysis and quantitative analysis method for the demonstration analysis and comes to the conclusion of the study's impact. Based on the analysis of the results , the paper analyze the reasons for differences in the criteria. Considering a subjective awareness, own building accounting standards and accounting standards in the external environment. The paper proposed some countermearsures and suggestions to the international accounting stardards convergence.