Comparative Study on the Asset Liability Perspective and the Revenue and Expense Perspective - Also Discussing the Conceptual Choice of Accounting Standards Formulation in China

Author: Li Yong
Publisher:
Publish Date: 2006-12-01
Features: This book conducts a systematic comparative study of these two concepts from three perspectives: a horizontal analysis based on theoretical connotations, a longitudinal analysis based on historical changes, and a specific analysis based on income tax accounting. It comprehensively employs various methods such as theoretical research, case studies, questionnaire surveys, and empirical statistical analysis. The book also examines and analyzes whether China has the environment for shifting its accounting standards-setting philosophy toward the asset-liability view, and subsequently provides policy recommendations for the selection of the accounting standards-setting philosophy in China. Throughout the book, it is well-structured, logically rigorous, rich and comprehensive in content, appropriate in research methods, clear in viewpoints, well-supported by evidence, convincing in arguments, and fluent in writing. The book specifically explores the following five aspects: 1. A comparative study of the theoretical connotations of the asset-liability view and the income-expense view; 2. A research and analysis of the historical changes of the asset-liability view and the income-expense view; 3. A comparative study of the differences between the asset-liability view and the income-expense view in specific accounting standards based on income tax accounting standards; 4. A study on the attitudes of Chinese accounting professionals toward the shift in accounting standards-setting philosophy toward the asset-liability view; 5. A study on the impact of the shift in Chinese accounting standards toward the asset-liability view on the quality of earnings.