Research On The Building Up Conceptual Framework Of Financial Accounting With Chinese Characteristics

Following China's accession to the WTO, actively participated in international accounting standards has become a general trend. In order to improve the domestic investment environment, and reduce the cost of foreign investment enterprises, require our accounting, audit guidelines for further adjustment and reform. For this reason, closing around the "16th Party Congress Report" on the instructions, in reference to the conceptual framework and financial accounting on the basis of existing research results, how to link China's specific characteristics of the economic environment, to develop our own conceptual framework for the systematic study of the financial accounting, this will improve our country's accounting standards, rationalize our relationship system accounting standards, adjust accounting standards which do not conform to the contents of the reform and market economy in a timely manner .There is positive significance of coordinating domestic accounting standards with the international of accounting practices as soon as possible.This paper begins from the notion of financial accounting conceptual frame, through the United States, Britain conceptual framework of a financial accounting process and its analysis of the advantages and disadvantages, drawn to the concept of a financial accounting framework with Chinese characteristics and give us inspiration. In the context of current corporate accounting standards, point out that setting up the concept of financial accounting framework is the general trend. Finally, there have some detailed elaborations on the financial accounting principles, body and name, step, logical starting point, logic structure and the legal status to set up conceptual framework with Chinese characteristics.