The Research About The Convergence Between Chinese Accounting Standards And International Financial Report Standards

Since the outbreak of the international financial crisis in2008, the global activelypromote international financial reform of the regulatory framework, and the leadersof the Group of Twenty (G20) summit several initiatives to establish a unified globalhigh-quality accounting standards, and setter IASB to improve IFRS. At home andabroad to set off a wave of convergence to the IFRS, IASB also speed up the processof standards projects and has released a series of exposure draft.IFRS is undergoingmajor changes.The process of international convergence of accounting standards ofthe major economies have been some new situation.In2006, China issued a newcorporate accounting standards system, to achieve real convergence with the IFRS,and in April2010was released continued convergence roadmap, and said it wouldmaintain sustainable convergence.Under this background, the dynamics ofinternational convergence of global accounting standards might be have a significantimpact on our country, and we should study and determine initiatives andstrategies.China’s accounting standards-setting bodies should actively participate inthe formulation of the IFRS project, give full play to the positive role of China in theIFRS construction, and actively eliminate differences with IFRS, and actively promote the establishment of a unified global high-quality accounting standards.The paper is divided into six chapters. The first chapter introduces the researchbackground, significance and necessity of domestic and foreign literature review. Thesecond chapter discusses the international coordination of accounting standards,international convergence and the equivalent;from the adoption mode of IFRS,withIFRS differences, perform and carry out the differences as well as tax and politicalsystem of four factors analyze the influencing factors. The third chapter introducesthe development history and recent developments of international convergence ofaccounting standards of the United States, Japan, India and other countries.On thebasis of a review of the development of the international convergence of accountingstandards and from the goal, path, and trade-offs, as well as restrictions, the fourthchapter analyzes the strategic choice of the international convergence of accountingstandards in China. The fifth Chapter propose that China should through thedevelopment of a clear plan of action and specific programs to the internationalconvergence of accounting standards to achieve this goal.The sixth Chapter is the textdemonstrable results.The paper innovations: through the analysis of the system of the United States, Japan, India and other international convergence of national accounting standardsdevelopment process and recent developments,the text sums up the successfulexperience of the international convergence of accounting standards of variouscountries and provide forward-looking recommendations for China. Proposed:1,China Accounting Standards for International Convergence of the overall goal is thesame, but the national conditions judged to be scientifically accurate.2, In order tomaintain the process of international convergence of accounting standards of China,we need to give up part of the formulation of the right criteria.The paper inadequacies: despite the strenuous efforts made in the thesis writingprocess, but due to the limitations of the level of knowledge and sources ofinformation. the argument is not profound.