Research On The International Convergence Of Enterprise Accounting Standards

International convergence of accounting standards has been a key issue for accounting academics, practitioners and regulators in recent years. With the rapid development of economic globalization and especially the growth of international capital markets, international harmonization of accounting standards has become the inevitable and realistic issue for countries worldwide.This dissertation explores the relevant issues from the standpoint of China's accounting standards development. As far as China is concerned, international convergence of accounting standards has been the main subject of accounting reform and it's also a goal of accounting standards internationalization. As a direct result of the convergence, it not only can improve the efficiency of international trade, but will also promote international capital market development and improve the management level of multinational companies, so finally access to the world accounting. Therefore, the study of international convergence on accounting standards has far-reaching implications on accounting reform and development in our country. Such current research evidences indicate that China's accounting standards do differ from IASs and IFRSs in many aspects. Accordingly, how to deal with the differences becomes a long-standing and crucial issue faced by China, which needs to be resolved as soon as possible. In the end accepting international accounting standards, or retaining Chinese characteristics, the paper's position is the latter. Furthermore, in the environment of IAS setting, we should note our accounting environment has differences with western nations and what problem has exist, then what position and development strategy of international convergence we should take in the future and so on, is the urgent need to address now. Consequently, the future of accounting standards will face two major tasks: coordination and development. In short, besides international convergence of accounting standards trend, or comprehensive, step in place of the international convergence of accounting standards strategy is inappropriate for us. In the ever-expanding scope and increasing extent, we should put profound understanding on the special accounting environment of our historical period, then put forward to the international convergence of accounting standards actively and steadily, which is the natural choice for us, and also a clear perspective.This paper from the convergence of accounting standards in our country and the western countries, using comparative research methods, trying to systematically compare and analyze the special accounting environment in our country, in order to research the obstacles and problems in international convergence of accounting standards, aware of the problem, on this basis, raise the position and overall strategy on international convergence of accounting Standards in the future.