Think Of Construction Of China's Financial Accounting Conceptual Framework

U.S. accounting standards setting body (FASB) has released seven notices of financial accounting concept from 1976, and as a more advanced financial accounting conceptual framework system, has aroused wide-ranging implications in the international community. Currently, FASB and IASB cooperate on the formulation a single set of financial accounting conceptual framework in order to promote international accounting, and continue to make an effort on the research of financial accounting conceptual framework.This article holds that China need to build its own financial accounting conceptual structure. First of all the international convergence and national construction of the ideas was dialectically analyzed and the international convergence in the process of how to take two steps was put forward. The United States enacted the FASB conceptual framework for financial accounting representatives of domestic and foreign financial accounting conceptual framework of a comparative analysis of the status quo comparison. And with the environmental features of our country, our country's financial accounting conceptual framework of the content and structure were discussed, including the accounting objectives, accounting assumptions, the quality of accounting information requirements, accounting factor, accounting recognizition and measurement, accounting reports, and so on. Finally, the principle of construction, position, the development of procedures and other related issues of Chinese financial accounting conceptual framework were analyzed.