Actively promote international coordination of accounting and improve China's accounting standards system

Author: Accounting Standards Office of the Ministry of Finance
Publisher:
Publish Date: 2004-07-01
Features: To further promote the international coordination of Chinese accounting, strengthen exchanges and cooperation between the Chinese accounting community and the international community, and accelerate the development of China's accounting standards, the Ministry of Finance held the "International Symposium on the Reform and Development of Chinese Accounting" in Dali, Yunnan, from December 15 to 16, 2000. Experts from the International Accounting Standards Board (IASB) and accounting standards-setting organizations from countries or regions such as the United Kingdom, the United States, Australia, South Korea, and Hong Kong, China participated in the meeting. The attending experts delivered speeches on topics such as International Financial Reporting Standards (IFRS), international accounting coordination, government accounting, and accounting education and training. Ms. Feng Shuping, Deputy Minister of the Ministry of Finance, Secretary-General of the Accounting Standards Committee of the Ministry of Finance, and Consultant to the IASB, represented the Chinese accounting standards-setting organization and delivered a keynote speech, proposing basic principles to guide the development of Chinese accounting standards and promote international accounting coordination. This symposium covered a wealth of content, with experts delivering insightful speeches on the hot issues their respective countries faced in international accounting coordination. In-depth discussions were held on the background, reasons, and existing problems of accounting standards-setting and international accounting coordination. This book is published in both Chinese and English, arranged in the order of the conference agenda, and includes the Q&A sessions from the meeting to authentically recreate the expert presentations for the readers.
Table of Contents:
Part 1: The Development of Chinese Accounting Standards and Their International Coordination
Ms. Feng Shuping, Deputy Minister of the Ministry of Finance
Part 2: The International Accounting Standards Board and 2005 Coordination
Tatsuki Yamada, IASB Member
Part 3: The Development Process, Future Prospects, and Coordination of Hong Kong Financial Reporting Standards with International Accounting Standards
Louis Loo, President of the Hong Kong Institute of Certified Public Accountants
Part 4: The Current Status and Future of Accounting Standards—Lessons from the United Kingdom
Andrew Leonard, Executive Director of the Accounting Standards Board, United Kingdom
Part 5: Australia's Adoption of International Accounting Standards
Angus Thomson, Technical Director of the Australian Accounting Standards Board
Part 6: South Korea's Accounting Reform: Global Coordination in Accounting Standards Development
Kim Jeong-ho, Vice Chairman of the South Korean Accounting Standards Committee
Part 7: The Application of International Financial Reporting Standards in Russia
Larisa V. Gorbataova, IASB Standards Advisory Committee Member
Part 8: How U.S. Accounting Standards Are Developed
Robert N. Reed, Assistant Deputy Under Secretary of the Treasury, United States
Part 9: The Impact of International Accounting Standards on Professional Qualifications, Accounting Training, and Continuing Education
Brian Zipkin, Chief Economist of the Institute of Chartered Accountants in England and Wales and Executive Director of the Education and Training Department