Analysis of Problems and Countermeasures in the Implementation of the New Accounting Law

Yiming Xia ()
Additional contact information
Yiming Xia: Accounting institute, Guangzhou College of Commerce

A chapter in Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025), 2025, pp 64-71 from Springer

Abstract: Abstract Of the Chinese new Accounting Law implement is regulate Chinese accounting practices and promote the healthy and stable development of the accounting industry. But it still emerged many problems during the implementation process, this research thorough analysis these problems and propose countermeasures. Analysis reveals: For cross-border business have double accounting standards conflict and obvious differences in revenue recognition, asset measurement and other aspects, it will trigger tax disputes and other issues. It lacks hierarchical management, small and medium-sized enterprises have high compliance costs and are prone to excessive penalties. The accounting practitioner’s skill gap and the education system is backward, shortage of compound talents. Face these problems, the convergence and integration with international accounting standards should be accelerated to build a cooperation platform. Improve the legislative system, clear legal boundaries and implement hierarchical management. Innovate the skills education system and accounting professional title examination, cultivate compound talents. This research provides solutions to the problems found in the implementation of the new Chinese Accounting Law, provide inspiration for the revision of the Accounting Law, help the development of accounting industry.

Keywords: New Accounting Law; Accounting Standards; Hierarchical Management; Accounting Talent (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-874-5_10

Ordering information: This item can be ordered from
http://www.springer.com/9789464638745

DOI: 10.2991/978-94-6463-874-5_10

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().