The Comparative Study Of Financial Reports Between China And Cambodia

The political,economic and cultural exchanges between China and Cambodia are frequent.China and Cambodia have deep friendships.Following the development of economic,accounting become more important.Accounting is an important medium for economic exchanges.International cooperation is bound to bring about global accounting convergence.However,due to historical reasons and the level of economic development,China and Cambodia,there are significant differences in accounting standards.However,as a summary of China and Cambodia business accounting annual operating standards-what is the difference on the financial reporting between China and Cambodia.This is what we should be concerned about.However,the existing literature rarely compares and analyzes the financial reporting system between China and Cambodia.Sometimes on the Internet can only find some very few comments from abroad.This situation makes China's understanding of the Cambodian financial reporting system very little,is not conducive to business between the two countries,but also caused the Cambodian accounting standards and financial reporting system bottlenecks.Based on the above background,the paper will study the similarities and differences between China and Cambodia's financial report in the light of their own experience and major studies.First,the paper studies the literature on financial research.Secondly,the paper studies the concept,definition,system and content of financial report theoretically.And the paper did a detailed comparison on financial report similarities and differences between China and Cambodia.It is found that China's financial report is not timely delivery,the content is not comprehensive and other issues;the financial report of Cambodia is not comprehensive,the accounting laws are not sound,the accounting standards are not exhaustive,the accounting objectives are not clear,the financial reporting standards are not uniform and so on.The reasons for the differences on financial reporting between China and Cambodia are analyzed from both accounting environment and accounting objectives.Finally,according to the analysis of differences,the paper puts forward the limitations and suggestions of financial report both China and Cambodia.