Chinese Accounting System Economic Research

Author: Song Yinghui
Publisher:
Publish Date: 2006-09-01
Features: This book studies the issues of China's accounting system from an economic perspective. It provides a comparative systematic analysis of China's accounting system issues, grounded in the relationship between economic and accounting development. It elaborates on the relationship between Marxist economics, Western economics, and accounting, as well as the relationship between China's economic system reform and the evolution of accounting systems, and the relationship between modern property rights systems and corporate accounting standards. The corporate accounting standards formulated and implemented in China reflect the property rights relationships of modern enterprises, protect the interests of owners' equity, and also safeguard the interests of other property rights holders. It discusses the relationship between China's corporate governance model and the positioning of accounting objectives. In state-capital-controlled companies in China, due to the dominant role of state-owned shares, an internal monitoring corporate governance model should be adopted, and correspondingly, the accountability-based accounting objective should be recognized.