Chinese Accounting Standards
China, as the largest emerging economy in the world, began its accounting
reforms in the early 1990s. It is not known, however, whether its accounting
reforms, intended to harmonize with the International Accounting Standard
(IAS, now known as IFRS), have been successful and what the impact of the
reform on Chinese listed firms is. This book empirically assessed the status
and progress of the harmonization of Chinese GAAPs with IFRS, and whether
Chinese listed firms' accounting practices has been improved with the
harmonization of accounting standards. The findings of this study should
benefit international and national accounting standard setters, capital market
regulators, accounting researchers with interests in accounting standard
setting and implementation, as well as accounting practitioners with global
business especially business in China, by helping them understand some
fundamental harmonization issues relevant to China.