Study On The Exploration For Constructing Accounting Standards Of SMEs In China In International Comparison Perspective

International Financial Reporting Standards (IFRS) and various countries' accounting standards aim mostly at the big enterprises and listed companies, and seldom consider accounting requirements and special questions of small and medium-sized enterprise. In fact, because the economic environment which locates is different, Accounting demand for SMEs are different from those of large enterprises and public company. If SMEs is forced to execute according to dominant accounting standards'criterion, which will be a heavy burden to the small and medium-sized enterprise and not conform to the cost-benefit principle. In recent years, various countries have introduced the differential reporting system gradually,and SMEs use to accounting standards that different from those of listed company.The International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs)is issued by the International Accounting Standards Board in July 2009. It has provided a path which SMEs can continue play a role in the global economic recovery as well as the future development. Under the environment which China's Accounting Standards for Business Enterprises have achieved convergence and equivalence with International Financial Reporting Standard,the research to suited for SMEs'accounting standards also have the realistic significance.Based on international background of IFRS for SMEs issued by IASB and directed at the current situation that there is no uniform financial reporting standards for SMEs at present,this study analyzes construction and application of SMEs in some developed countries (for example, ISAR,IASB,UK,France,USA,Australia and Canada) by comparison and reference.We benefit from these good experiences and practices, simultaneously combine with the accountancy present situation and necessity for constructing accounting standards of SMEs in China,finally,this article puts forward the basic ideas and methods on constructing accounting standards for SMEs in China.