Research Of The Financial Accounting Conceptual Framework

The objective of this paper is to make an overview of the study of the Conceptual Framework (CF) in China. Nowadays, the Ministry of Finance has established CF research groups to draft our own CF of financial accounting in Beijing, Shanghai and Xiamen. The Accounting Department expects the CF could be finished as soon as possible. Therefore, the research of this paper has significant and practical meanings .It can help the researchers to know clearly the returns of the CF research always existed in China. Then we can launch our research on the basis of these pressure returns and decide how to make our own further research.The importance of the CF research decides the importance of this overview. It is imperative for the Accounting Department to have the guidance of a series of integrated CF when they draft the Accounting Standards. And the CF can help the people who use the Accounting Standards to understand it.This paper systemically analyzed the developing process of the Chinese CF research in the past 25 years. It made conclusions on the returns agreed by most researchers until now and discussed the issues on which the researchers has not research an agreement.