On the Construction of China’s Accounting Standard System with International Convergence in Accounting Standards

Hongman Zhang, Xianfeng Liu

Abstract


With the international convergence of accounting standards becoming an irresistible trend, China’s new business
accounting standards have reached substantive convergence with International Financial Report Standards
(IFRS). However, due to some factors including economy, law and culture, there is still a narrow gap between
china’s accounting standards and IFRS. In order to further keep up with IFRS, China should attach greater
importance to learning from it to establish or implement its accounting standards.

Full Text: PDF DOI: 10.5539/ijbm.v5n4p200

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.