Research On Accounting Standard Setting Model Of China

High-quality accounting information is the fundamental foundation of the effective operating market economy. As is known,the formation of the external accounting information relies on a serious of strict accounting standards system. High-quality accounting information is based on high-quality accounting standards,and different accounting standard setting models have vital importance on accounting standards quality. Therefore,it has a great theoretic and realistic significance to probe into the accounting standard setting models. It is also based on this point that I made out the current topic. The objective of this paper is to analyze the advantage and disadvantage of different standard setting models. We mainly employ the approach of comparative research and normative research. Furthermore,we probe into the issues of standard setting in our country today and put forward several propositions.Base on the foundation of some Interrelated theoretic concepts,the paper analyzes many essential factors of accounting standard setting model: the basis of accounting standard-setting,the bodies of accounting standard-setting,the processes of accounting standard-setting.After a series of the practicing accounting fraud case breaking out, U.S.A begins to reexamine its accounting standards'setting rule oriented which has been followed closely for a long time. And carry out the transition to adopt the accounting standards'setting on the principle foundation. Our accounting standards'setting also faces the similar puzzle in fact. We analyze the objective environment we are faced, and argue that the translation of the basis of accounting standard of U.S.A should not affect the basis of accounting standard of China. The paper discusses the bodies of accounting standard-setting .At first we define models of setting body. After synthesizing former research, we analyze the environmental characters, advantage and disadvantage of models of government as standards setter and nongovernmental body as standards setter. We argue that due to the specificity of Chinese transitional economy, it is rational to adopt the model of government as standards setter.We discuss the processes of accounting standard setting. We compare and refer the setting processes of accounting standards in china and foreign country, summarize the setting processes of accounting standards in our country and the major existent problems.Finally, reviewing from the development condition of the setting model of accounting standards in china, the article puts forward the basic thinking of countermeasure to perfect the setting model of accounting standards in china.