Research On The Effect Of International Convergence Of Chinese Accounting Standards-Evidence From AH Stock Company

As the world recognized"the language of business",accounting has become an important tool for economic exchanges between domestic enterprises and foreign enterprises. With the acceleration of economic globalization, it needs adapted accounting standards to support capital flows during the world, which promotes the convergence of national accounting standards to international accounting standards objectively. As one of the world,s largest economy, China has made an unprecedented effort on internationalization of accounting standards, such as the "Enterprise accounting system" in 2000,the new "Enterprise Accounting Standards" in 2006,the "China Accounting Standards and International Financial Reporting Standards continued convergence roadmap"(referred to as the roadmap)implementation. These initiatives make between Chinese Accounting Standards and International Accounting Standards form the basic realization of the convergence criteria level. Howver, compared with the form of convergence, the convergence of information users are more concerned about the substance, because the real essence of convergence can represent between comparable financial reporting, accounting information can provide valuable economic decisions of investors. Therefore, the effect test of the convergence of accounting standards has great value.In order to test China,s accounting standards and international accounting standards convergence effect of the substance, the paper firstly sort important domestic or abroad theoretical literature, selecting financial data of AH shares dual-listed company announced on this basis which are regarded as large sample, and then the differences in accouting earnings and the differences in earnings quality, using the method of empirical analysis to test, take the result of international convergence of accounting standards in effect for all walks of life showed the overall situation. For a specific company in a specific industry as a breakthrough in our sample, taking microscopic evaluation of the effect for accounting standards convergence in real terms, this article then take Angang single case as single case, has an overall analysis of financial data and detailed analysis, the final results of the analysis in this case as foregoing empirical analysis further validation of the results. We can take the following conclusions by the above methods:(1) AH shares of dual-listed companies to disclose accounting earnings dual stage characterized by differences are more obvious, and the overall trend was narrow, (2) In earnings quality differences, differences in the value relevance of earnings and earnings conservatism differences although are not presented by the annual trend of narrowing, but in general showed a narrowing trend is still relatively clear. (3) With the progress of our accounting policy, the differences in any paper items of Angang has been left, and the result is clear.This shows that the effect of substantive convergence of accounting standards if significant, but there are still differences to be improved to some extent, so it finally gives three recommendations, provide a theoretical basis for the development of international accounting standards in China.