The Perfectionof Conceptual Framework For Chinese Financial Accounting

Financial accounting concept framework is composed of a series of financialaccounting and the composition of basic concepts of financial accounting application,mainly including financial report objective, qualitative characteristics of accountinginformation, accounting elements, accounting recognition, accounting measurementand accounting report, the quality of accounting information, accounting elements,accounting recognition, accounting measurement and accounting report. Theconceptual framework of financial accounting has play a decisive role position in thestudy of financial accounting theory, a set of coherent, close contact and logicallyconsistent conceptual framework of financial accounting conceptual framework cangive full play to the role of its, and also can promote financial accounting theory to thelongitudinal and far-reaching development. The economic globalization leads to theinternationalization of accounting, at present, most of the countries in the world haveexpressed willingness to join the process of international convergence of accountingstandards, therefore, how to perfect the financial accounting conceptual framework ofthe country has become the main problem which can not be ignored.This paper first explores the theoretical resources of financial accountingconceptual framework, including constitutional law, jurisprudence and internationallaw, they not only provide the theoretical support for the conceptual framework offinancial accounting, but also to promote the development of the conceptualframework of financial accounting; and then, to USA and Britain as representative,compare with the conceptual framework of financial accounting of USA, Britain andChina; then discusses FASB and IASB’s conceptual framework of financial accountingjoint project joint project, including the starting background of conceptual framework,the latest research and development and the enlightenment to China; again analysis thestatus quo of Chinese financial accounting conceptual framework; finally, based onthe four parts above, and after comparison and discussion, put forward general andspecific suggestions for the perfection of Chinese financial accounting concept framework from a personal perspective.