Understand Chinese Financial Statements

Author: Zhuang Liming
Publisher:
Publish Date: 2004-05-01
Features: Understanding China's Financial Statements is co-authored by Professor Wang Songnian, former Vice President of Shanghai University of Finance and Economics and an international accounting expert, and Dr. Zhuang Liming, a Hong Kong Chartered Accountant, in English. For foreign investors willing to establish businesses in mainland China, as well as those investing, financing, or implementing mergers and acquisitions and restructuring in Chinese listed companies, this book helps them accurately understand the financial statements of Chinese companies and their corresponding accounting standards and systems, thereby providing a comprehensive overview and evaluation of the financial condition, operating results, and cash flows of Chinese companies, especially listed ones. The book aims to offer foreign investors, creditors, and readers interested in the accounting systems, standards, and corporate establishment of Chinese enterprises, particularly listed ones, a thorough, real, and practical understanding. It includes the full disclosure materials of Panda Electronics, a listed Chinese company, to provide a real-world case study and explain the balance sheet, income statement, and cash flow statement step by step. Written entirely in standard English with meticulous attention to every detail of the English expression, this book is one of the most valuable selections of financial statement interpretations currently provided to foreign investors in China. It also holds significant value for domestic accounting students and teachers, especially in graduate education.