Study Of The Essence Of China's Path Of International Convergence Of Accounting Standards

With the progress of science and technology, worldwide countries exchanges and cooperation, international intercourse becomes increasingly frequent international general practice, rules and the role played by more and more important. As a general business language, accounting is no longer confined to a country or a region, but in a wider range provides more accounting information and reflects international economic activities beyond borders. Under the influence of practice benefit of international investment and financial market, the international convergence of accounting standards is becoming the consensus of academic and business in many countries. In the world, the United States should no longer insist on adopting and promoting its own accounting standards (US GAAP), and should turn to cooperate with International Accounting Standards Board (IASB) to build a unified accounting standard with high quality. According to the data provided by the IASB, by the end of 2009, more than 150 countries and regions had adopted IAS/IFRS, and this number is still becoming larger.International convergence has become an irresistible trend; the one who goes with the trend will take the initiative. China has issued a new system of accounting standards, which includes a basic standard and 38 specific standards and application guidelines. The new standards have achieved the international convergence to a certain extent, but not completely consistent, any country and region should build their own standards according to their conditions to server their own economic system. Therefore, building an accounting standards system with Chinese characteristics is our goal.The empirical research shows that, as a criterion of providing accounting information, accounting standards is not merely technical means, is also a kind of system with economic consequences. Thus, any changes of accounting standards will influence the current distribution pattern of interest, and this will induce stakeholders to put pressure on policy-making institutions in order to take initiative. The game also exists in the process of international convergence of accounting standards. Based on the conversion of FASB's standpoint on accounting standards international convergence, this thesis makes an analysis.In view of the above situation, we should be actively involved in the process of accounting standards making of IFRS, in order to safeguard our own and developing countries'interest.Meanwhile, we should constantly improve the domestic accounting environment; win greater voice in the process of international convergence, in order to improve the position of our country, to ensure our interest and to promote the reform of accounting pattern.According to the characters of research object, this thesis mainly adopts standardized method, inductive reasoning method and deductive reasoning method of study. This thesis analyzes the reason of accounting standards conversion from two main kinds of accounting pattern to a unified pattern with high quality. Exampled by FASB's conversion, this thesis focuses on the competing and compromise of interest to make the argument more convincing.