A Comparison Of Chinese Accounting Standards And International Financial Reporting Standards

Chen, Siqi

dc.contributor.advisor	Walters, Patricia Doran
dc.contributor.author	Chen, Siqi
dc.date	2015-12-01
dc.date.accessioned	2016-02-19T15:38:10Z
dc.date.available	2016-02-19T15:38:10Z
dc.date.issued	2015
dc.identifier.uri	https://repository.tcu.edu/handle/116099117/10292
dc.description.abstract	Twenty-five years ago, the Chinese accounting system was not like it is today. Globally recognized international accounting standards did not exist and, understanding there were problems with financial reporting in China, the Chinese government started issuing the first Chinese accounting standard since the 1970s. This standard was based on International Accounting Standards, the predecessor standards to International Financial Reporting Standards (IFRS). In 2005, China announced plans to converge its accounting standards with IFRS and expected all companies in China to adopt IFRS by 2011. On November 24, 2015, the Chinese Ministry of Finance and the IFRS Foundation announced the establishment of a working group to explore further the use of IFRS in China.
dc.subject	Accounting Standards
dc.subject	Adoption of IFRS
dc.subject	China
dc.subject	Culture
dc.subject	Convergence
dc.subject	Investor
dc.subject	Business
dc.subject	Guanxi
dc.title	A Comparison Of Chinese Accounting Standards And International Financial Reporting Standards
etd.degree.department	Accounting
local.college	Neeley School of Business
local.college	John V. Roach Honors College
local.department	Accounting