Western industry accounting system

Author: Shanghai University of Finance and Economics Press
Publisher:
Publish Date: 1998-12-01
Features: With the establishment of the socialist market economy system and the increase in international exchanges, the enterprise accounting management system in China has also undergone significant changes. The current structure is a coexistence of enterprise accounting standards and industry-specific accounting systems. However, with the further deepening of reform and opening-up, we have reason to believe that the currently implemented unified accounting systems for various industries will gradually transform into being guided by basic accounting standards and specific accounting standards.