Comparative Study Between Chinese Accounting Standards And International Accounting Standards Based On The Culture Factors

In the world today, along with the economic globalization and the acceleration of the revolution in information technology, the rapid development of world trade and international capital flow bring the world economy fast into the era of globalization. In this era, any country separating itself from the world trade market and capital market to seek its own development is very difficult. Accounting as the universal language of business, in the economic globalization process played a more and more important role; market participants are also putting forward more and more high demand. With the world growing economic integration process and capital globalization, internationalization of accounting standards is becoming an objective reality that the world must face and unable to avoid. After restructuring, the international accounting standards board attaches great importance to the international convergence of the accounting standards, and our country also actively participating in international convergence activities of Chinese accounting standards. In February 2006, the issuing of the enterprise accounting standards (2006) was an important achievement of accounting reform in our country, but there are many cultural differences between China and western countries, and culture has a very important impact on accounting regulation, contents and implementation, so our accounting standards only can draw close to international accounting standards, learn experiences from international accounting standards, but cannot resemble the international accounting standards, cannot completely copy international accounting standards; in our accounting standards, there will be some of the unique accounting concept and accounting methods with Chinese characteristics that are depended on Chinese cultural tradition.The paper uses contrast and comparative method, systematically analyzes the cultural differences between China and western countries, and differences between Chinese accounting standards and international accounting standards, discusses the relationship between culture and accounting standards, and through empirical research based on the profit prepared according to different accounting standards in the 2005-2010 annual reports of the companies simultaneously listed in A-share and H-share markets, and puts forward reference opinions on the future direction of Chinese accounting standards, in addition, the paper also presents some suggestions on the developing high quality Chinese accounting standards with Chinese characteristics.