The Objectives and Concepts of Financial Statements

Author: Liu Gang Translated
Publisher:
Publish Date: 2002-07-01
Features: The elaboration on the objectives and concepts of financial statements will make the work of the expert working group more promising. Through a clear explanation of objectives and concepts, the expert working group can propose recommendations on accounting standards issues that are internally consistent and more aligned with user needs. We expect this report to serve as a guide for standard-setting work in developing countries. A clear explanation of objectives and concepts enables standard-setting bodies to determine whether the standards they develop meet their needs and are consistent with International Financial Reporting Standards. The papers collected in this anthology summarize, study, and argue the relationship between China's legal system construction and the World Trade Organization from various perspectives, and propose suggestions for improving the corresponding legal systems.