Accounting For the Chinese Context: A Comparative Analysis of International and chinese Accounting Standards Focusing on Business Combination

Yuri Biondi and Quisheng Zhang

Post-Print from HAL

Abstract: This paper aims at understanding the recent evolution of Chinese accounting standards while focusing on the accounting for business combinations as case of reference. A comprehensive comparative analysis between International Accounting Standards Board's and Chinese accounting standards is provided, based upon a dualistic approach opposing two perspectives of accounting, static (fair value) or dynamic (matching based). The comparison casts doubts on the ultimate convergence of China towards international accounting standards. Main differences remain and are explained by taking into account: (i) the special Chinese context, (ii) the massive industrial development experienced by business enterprises in China and (iii) the dynamic accounting perspective that leading accounting theorists and Chinese regulatory authorities agree with and wish to encourage.

Keywords: accounting; corporate finance; China; international standards; business combinations (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Published in Socio-Economic Review, 2007, 5, pp.695-724

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:hal:journl:halshs-00203358

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().