Research On New Accounting Standards And International Financial Reporting Standards Comparison

As the global economy is tending to a whole day by day, the accounting is also developed internationally necessarily. In the year 2006, the Ministry of Finance issued the new accounting standards which tend to the international financial reporting standards and fit the economic development of our country. Therefore, comparing and studying the new accounting standards and international financial reporting standards has very important practical meaning which can offer ideas for reference in implementing, developing and improving the new accounting standards continuously.The article starts from the offering and demanding relations of accounting standards, put forward that the offering and demanding relations is the basic factor for the establishment of the standards. Because the offering and demanding relations are different so the Chinese accounting standards and international financial reporting standards are necessarily different. Based on this point, the article compares the Chinese accounting standards and the related international financial reporting standards logically and historically, analyzes thoroughly and explains the reason which causes the difference and the related improving methods. In additional, the article analyzes and evaluates the improvement project and hot project of international financial reporting standards, in order to offer some ideas for reference in constructing the accounting standards of our country.