China Accounting Experience In Evaluation Of International Coordination

Economic globalization and rapid development of transnational capital flow need international comparison of accounting information. IASB substitutes IASC to be the setter of international accounting standards in April, 2001, indicating the acceleration of international accounting harmonization in the world. The era of global accounting standards is coming. International accounting harmonization involves economic incentives, political incentives, and technical incentives. The dissertation aims at the technical incentives of international accounting harmonization. In order to evaluate if international accounting harmonization has improved the quality of accounting information in China, the author sets the emphasis of empirical evaluation on harmony measurement and examining the impact of harmonization on capital markets. There are six parts in the dissertation.The first part is'International accounting harmonization and evaluation of international accounting harmonization'. Firstly, the author describes the status quo of international accounting harmonization. Then, several important concepts are discriminated followed by cost-benefit analysis of international accounting harmonization from the viewpoint of economics. After that, the author designs the research framework of empirical evaluation of international accounting harmonization.The second part is'Measurement of international harmony of accounting standards'. The author selects CAS and IFRS as the subjects of research, and applies discriminant analysis and average distance method to measure the international harmony of accounting standards respectively. It is found that the discriminant analysis method has some deficiencies, and the average distance method that we put forward...