Comparative Analysis Of Chinese And Foreign Accounting Standards In The Capital Market Environment

With accelerated pace of globalization of the Capital market, the voice for international unified accounting standards becomes louder and louder. This dissertation attempts to compare and analyze the Chinese and foreign accounting standards and to use foreign practical experience for reference. Author hopes the dissertation can have useful contribution to constitute and improve Chinese accounting standards. It contains four Chapters:Chapter 1: Accounting standard and capital marketBy reviewing the development of Chinese and international accounting standards in the capital market, author demonstrates that the accounting standards are developed on the basis of development of capital market.Chapter 2: Comparing and contrasting the frame of accounting concept between Chinese accounting standards and foreign accounting standardsBy comparing and contrasting purpose of the accounting reports, Quality feature of financial information, its elements, confirmation and measurement. We found that the frame of accounting concept both in China and other countries is similar.Chapter 3: Comparing and analyzing the Chinese and foreign accounting standards in information disclosure.In terms of listed categories in the* accounting reports, author analysis four aspects of accounting reports. They include the accounting reports of partial information, the accounting reports in reflecting the performance of social responsibilities, intangible assets measurement and disclosure and derived information disclosure offinancial tool.The author selected accounting standards, which have big influence on the information disclosure of Chinese capital market. The author also compared and contracted them with the foreign accounting standards and provided some suggestions of improvement.Chapter 4: Prospective reform in Chinese accounting standard after entry of the WTO.Joining the WTO influences many aspects of Chinese accounting industry. It makes the internationalization of accounting standards an urgent issue. We have to take measures to speed up the internationalization of our accounting standards.In this article, author attempts to combine the accounting theory and Chinese accounting practices. However, due to the limitation of both theory and experience, the article is far from perfect. Reader's comments and suggestions are appreciated.