The Research On The Improved Financial Statement Presentation Under The Background Of International Convergence

As a transmission means of accounting information, the financial report use financialstatements as the main means and other financial report as supplement to providedecision-useful information to users. After the outbreak of the economic and financialcrisis in2008, the convergence trend of financial report standards of every country becomemore obvious. In October2008, the two most influential global accounting standardsdesignated institutions, the International Accounting Standards Board (IASB) and theFinancial Accounting Standards Board (FASB) jointly issued the “preliminary views offinancial statements presentation (draft)”, and released the staff draft of "discussion draft".In order to achieve the convergence of our country’s accounting standards and internationalfinancial reporting standards, China Ministry of Finance positively responded to the G20initiative, and promulgated “the convergence route map between China enterprisesaccounting standards and international financial reporting standards” on April2,2010,which clear the direction and task of the new round accounting standards reform.Firstly, the international convergence condition and motivation of internationalcommunity and China financial statements presentation are introduced, aiming to illustratethe international convergence of financial statements presentation is the general trend, andthis process is also a process for all countries constantly to gambling the interests; and thenanalyzed the problems existing in China financial statements presentation, and adopt themethod of case analysis to make a financial analysis and evaluation to the modifiedfinancial statements presentation in the joint project of IASB and FASB, and meanwhilereveal the reference significance of modified financial statements presentation to ourcountry. Finally, in view of the existing problems mentioned above in China financialstatements presentation, this paper proposed the assumption of modified China financialstatements presentation under the background of international convergence.