Research On International Harmonization Of China Accounting Standards

With the development of economical globalization, the circulation of capital between countries emerges unceasing inflation. More and more foreign enterprises and capitals entered the China market. However, the conflict between these foreign countries' accounting system and China Accounting Standards also unceasingly comes out. Moreover, China also has more and more enterprises came into the market and collected capitals beyond the borders. In order to enable the investor understanding the company's financial and operating condition better, the China companies which come into the market abroad also have to adjust the enterprise's accounting statement according to the local accounting system, and this causes one enterprise has two set of accounting statement, then blurred the enterprise's financial condition and cannot make the accounting information to be more transparent. The appearance of this situation put forward a higher request on the international harmony about the accounting system. What situation of our country's international harmony about accounting system at present stage? Whether China new Accounting Standards (which decreed at 2006 and almost harmonize with the IAS) can harmonize with the IAS on statement data. Studies these all has the vital significance to our country's economy development as well as the internationalization of capital market.This study utilizes the illustration and qualitative analysis to make research. It contrasts the financial data in 2005 and 2006 which has been made according to China Accounting Standards and IAS respectively, and analyzes its harmonized situation. Through comparing specific items, we analyze the rectify of different items in the China new Accounting Standards. In addition, this study compares the difference of the shareholders' rights and interests under the China new Accounting Standards in 2006 as well as it under IAS, then analyzes its difference as well as the reason. Further, this study analyzes the essence of net assets data under China Accounting Standards, thus concludes the harmonized situation of China Accounting Standards and IAS. Finally, unifies the conclusion and enlightenment which obtained in research, to put forward relevant proposal on utilizes accounting statement data to carry on new accounting system's international harmony.