In China In Coordination With The International Accounting Standards And Research, Compare A Number Of Issues

In past decade, fast development of globalization improves the forming of integrationof world capital market. As a kind of general business language, the quality of accountinginformation directly affects width and depth of capital flow worldwide. Furthermore,influence economic development cross the world.In this paper, I firstly analyze definition of Accounting Principle and harmonization ofaccounting principle. That will give a reasonable start point for argument, therefore tomaster the importance of harmonization of accounting principle. As for importance ofharmonization, I argue it by mentioning globalization and global capital market. Secondly,I have looked back the course of development in term of IAS and China GeneralAccounting Principle. Actually, as a kind of superstructure, Accounting Principle hadalways met economic development and change of development model. I also make somecomparison to find some difference between IAS and China accounting principle. Lastlyaccording to analysis above, I bring forward my opinions based on three topics:relationship between rule basis and principle basis, reaction of accounting principle toeconomic development, systemic concept.There are two purpose of this paper: one is that through studying key differencebetween China GAAP and IAS, so as to improve my practical capability in financial area.The other is to explore the orientation of harmonization and assimilation between ChinaGAAP and IAS.