Comparison Of Chinese And Russian Accounting Principles

China's accounting reform has gone through 20 years, due to the impact of the international convergence of accounting standards, the Ministry of Finance of P.R.C has promulgated a new set of accounting standards for enterprises, including basic rules and another thirty-eight specific standards in 2006, February; and it has been put into practice in the scope of listed companies, which marked the formation of our accounting system. In this context, worldwide institutions and scholars have invested a lot of manpower and material resources to study our accounting standards international convergence. Although we have obtained a big step forward, but our accounting standards research have not pay enough attention to the countries which have the same experiences, such as Russia. Russia's experience in the building of accounting standards has certain reference significance to the building and improvement of our accounting standards.This paper mainly uses a comparative approach. The comparison is between our accounting standards and Russian accounting standards. The writer first gives an overview of Sino-Russian accounting standards, and then through the comparison of the development course of Russian accounting standards, and the general and specific aspects (the general aspects include:the comparison between the Sino-Russia setting model and the system of accounting standards. The specific aspects include:the comparison between the Sino-Russia fixed assets, intangible assets and revenue standards), the writer tries to draw on the successful aspects of the making process of the Russian Accounting Standards, learn the lessons of its failure, develop and improve our accounting system, and provide some reference for the formulation and improvement of our accounting standards, so that we will have more mature accounting standards. With the improved accounting standards to regulate the accounting work behavior and order, we will improve the overall quality of accounting information, and satisfy the accounting information need of investors, creditors, government and some other stakeholders. What is more, it will bring the economic and trade relations between the two countries steadily forward.