A Study On The Economic Consequence Of Accounting Internationalization

Rapid development of world trade and fast flow of international capital have brought world economy to globalization process. Accounting, as a commercial language used by international society generally, plays a more and more important role in the process of economic globalization. Development of economic globalization and forming of global capital market will inevitably lead to accounting internationalization. Actually, the trend of accounting internationalization has been generally accepted.Accounting internationalization has been a focus discussed by accounting academics and practitioners. This issue aroused lots of discussion and disputes. More and more people believe that the essence of accounting internationalization lies in obtaining utmost interest for each nation involved. Many scholars have been studying such issue about interest which has brought in the process of accounting internationalization. The author believes that accounting internationalization will inevitably make the global resources reallocate and then affect the interest parties. This is the economic consequence of accounting internationalization. Only by understanding and studying this problem deeply, can we keep clear-headed and make advisable decisions to protect our country's interest. Therefore, focusing on the economic consequence of accounting internationalization, this dissertation analyzes the actions of nations and organizations that played leading roles in the process of accounting internationalization and aims to present a new approach for studies on accounting internationalization in China.This dissertation, which includes four parts, studies on accounting internationalization focusing on its economic consequence. Part One makes a brief introduction on economic consequence of accounting internationalization based on the discussion about economic consequence of accounting information and accounting standards at the international level. Part Two reviews the prior researches concerning economic consequence of accounting internationalization and points out the limits of those in China in order to present the author's design. Part Three mostlyusing the benefit–cost method, classifies and analyses the contents of the economic consequence of accounting internationalization in detail, and proves it by analyzing the actions of interest parties in the process of accounting internationalization. Part Four mainly studies the related problems of economic consequence that are met in the process of accounting internationalization in China, and provides some suggestions as a conclusion.