The Benefit Problem Study On The Formulation And Application Of The IFRS

With the constant development of the global capital market and the constant enhancement of the economic integration trend of the world, it has already become the common understanding to advance the development of the accounting internationalization. Through the constant development, International Accounting Standard Committee establishes it's leading status progressively. The International Financial Reporting Standards (IFRS) issued by it has acted as the international basis accounting standard, and has become the template for other country to make. The accounting standard, as a kind of social system, can defines party's rights and obligation, can produces economy influence. That is to say, it has economic consequence, different accounting standards mean different pattern of distribution of benefit. For the IFRS, it influences the disposition of economic resource in the whole world, and causes international transformation of social wealth directly. So the formulation and the application of the IFRS is not merely a technological question, the more important is the choice and weigh of the national benefit.On one hand, the developed countries such as European Union, U.S.A.,etc. competed fiercely for the formulation right of the IFRS; on the other hand they hold the prudent attitude in the adopting of it. It is proceed from the angle of maximize their national benefits. After entering the WTO, China is facing the impact of the global economic integration tide and the accounting internationalization is our country's inevitable choice of development. But as a developing country, economic environment of our country is very different from the economic background that the IFRS is based on. How to carry on the international development of our country's accounting and safeguard the benefit of our country will be a great difficult problem in front of us.From economic consequence of the accounting standard, the article discusses the national benefit question of probing into the IFRS while formulating and applicating, and analyzes the western main developed countries'accounting behavior. Based on practical conditions of our country, the article put forward my own imagination to safeguard our country's benefits in the process of accounting internationalization.