Accounting with Chinese characteristics on the construction of the International

Abstract: Internationalization is a general trend of accounting, financial accounting is the future direction of development, China must be involved in the process of harmonization of accounting internationalization in the past, but also to build a line with China's development with Chinese characteristics, accounting internationalization.

Paper Keywords: international coordination, accounting, international accounting environment and accounting standards
Accounting Internationalization is a process of international coordination, in the future other countries to participate in the coordination process in the past, it is not only developing countries, economic problems facing countries in transition, but also for all the world, including developed countries face and should be of concern. Accounting international coordination is driven by economic interests, the accounting is essentially an international coordination of national interests, so that all countries should participate in this coordination, the Chinese but also to participate in the coordination in the past, and to embark on a development suited to China's national conditions and accounting internationalization.

1 is a general trend of internationalization of accounting
The rapid development of world trade and the rapid flow of global capital markets, economic globalization trend is the rapid development of the economic development of countries in the world to be integrated into the international economic trends, any world trade if they are to out of market and capital market to seek their own higher level of development is difficult to achieve, as China became a member of the World Trade Organization WTO, will show the world China's economic open door. International trade, so that our economy with the world economy in the greater interdependence and promote each other, so that the economy beyond national borders, as a necessary requirement for common business language of accounting, there must be a unified "text" and "specifications" to eliminate the language barrier for international economic exchanges and to facilitate international trade.

With the rapid progress of scientific and technological revolution, information technology, particularly the rapid popularization of the Internet and role of accounting information with a profound impact on the entire process. We can say that it is only because of the information technology revolution and international development of accounting provides a strong technical support. increasingly globalized world economy, international or regional organizations in international co-ordination is playing an increasingly important role, it has become to promote the internationalization of accounting as an important force.

2 from reality, to establish the correct attitude towards international accounting
China should adopt a positive attitude to participate in international accounting harmonization. Cujin accounting internationalization. China is a developing country, national development needs funds to promote China's economic development, China began to attract foreign investment work. Attracting foreign investment requires a corresponding investment environment can reasonably protect the legitimate interests of foreign investors, and our traditional accounting system is built on the traditional highly centralized planned economy based on foreign investors is difficult to understand financial statements at that time (three sections of balanced funds balance table), to a certain extent, to hinder the investment of foreign investors in China, this, China must take the international road.

Although China is currently no fully adopt international financial reporting standards, but China actually IFRS users and beneficiaries, for which China has been a very positive attitude to participate in international accounting harmonization, and to support the International Accounting Standards Board ( including the former International Accounting Standards Board) accounting standards in the promotion of global coordination and convergence of efforts. particularly in the construction of accounting reform and accounting standards, we recognize that to promote international harmonization of accounting for the improvement of investment environment, improve information transparency, attract foreign investment and promote the important role of China's economic development. In based on our national conditions, based on our current accounting environment, we should actively coordinate with the international accounting practice, unless the relevant international accounting practices and our legal regulations do not meet the conflict or apparent reality of our country. At present, we need to continue to focus on the latest International Accounting Standards for foreign development, we must pay close attention to international accounting standards and international accounting harmonization pace of international accounting standards and international accounting harmonization of key issues followed by China's economic development process and the demand for accounting information, and with China's closely integrated real, full use of international accounting resources to solve practical problems in China, but also promote the internationalization of the accounting process.

3 out of one of their own road of international accounting
Period of economic transition in our country, we should not passively accept the negative results of other national coordination, and should be actively involved in the process of internationalization of accounting, the use of international accounting resources to solve practical problems. On the one hand, we need to pay close attention to the development of international accounting harmonization and trends, learn from and absorb the full benefit of the technology and experience but also from China's actual conditions, not simply copy the international accounting standards, on the other hand, we want to actively participate in the coordination of international accounting process, exert our influence so that international accounting standards can I solve our country faces a number of temporary special accounting problems.

The development of the market itself, China's market economy is still in the developmental stage, transactions between enterprises is not very standardized, market competition is not adequate, fair value difficult to form. In particular, transactions between state-owned enterprises are more and more related transactions generally, the transaction price was loss of "fair" a great possibility, but also gloss over the financial statements of listed companies have a chance. And on this, our non-monetary transactions had to be revised criteria, from China reality, requires companies of all non-monetary transactions are treated as non-monetary transactions of similar treatment, while debt restructuring of such transactions on the accounting rules, there is a similar situation.

Corporate governance and performance evaluation from the view, according to China's relevant Laws and regulations, supervision and evaluation of the company's main target is profit rather than the future cash flows, the emphasis is past accounting information. Our current accounting standards tend to focus on more emphasis on the income statement profit targets, and Precise's international financial reporting focuses on the balance sheet, according to the accounting information provided by companies focusing on forecasting future cash flows. China's current emphasis on standardized income statement accounting standards with international accounting standards, concerned about the balance sheet are two different points of view, the accounting principles followed are not the same, which makes China's accounting standards in the accounting elements of the recognition, measurement, disclosure and so difficult to achieve with the international financial reporting standards fully consistent.

From the legal system, China's legal system is a continental system. The content of the legal provisions must be followed, accordingly, our country also in the development of accounting standards embodied in relevant national Laws related to the content. For example, China (Company Law> after-tax corporate profits should be provided by a certain percentage of the statutory public welfare fund and provident fund, etc., which must be written into our Laws and system of accounting standards, accounting by enterprises outside the corporate financial reports provided to prompt.

From the perspective of users of accounting information in China, mostly state-controlled enterprises, the state is the largest corporate shareholders, the public and other investors are minority shareholders of some of the more discrete, less institutional investors, listed companies in Western countries there is a clear difference.

To this end, our only realistic option is to absorb the inevitable draw on international accounting standards, possible coordination with the International Financial Reporting Standards, but not simply copy the international accounting standards, the reality of China's accounting development from reality, rather than take the initiative to coordinate passive acceptance. Therefore, in our process of internationalization of accounting from the content, form, and many reflect the Chinese characteristics, not only to examine its technical feasibility, but also to the environmental investigation of their background, should pay attention not only to adapt to current environment nature, but also pay attention to its forward-looking, and major changes in the environment of accounting when the accounting may be made of the new international requirements. reposted elsewhere in the Research Papers Download http://www.hi138.com Although the general trend of internationalization of accounting, But more importantly, from the actual conditions in China, focus on solving practical problems in China, otherwise, not only can not solve the problem, and may cause confusion or loss of control of accounting information, which largely affect the health of the economy conducted, and the resulting costs and risks of reform are enormous. of national accounting should have a process of internationalization, not rigid require States to directly use existing international accounting standards, but full respect for the environment, to study the existence of special issues, and constantly adjusting to improve, and improve international standards to suit the actual situation in various countries. China's accounting environment with international accounting standards for the developed market economy is clearly there are differences, and thus China's accounting standards and relevant international accounting standards that exist inconsistencies is subject to the reality of environmental constraints in China is bound to exist. Therefore, we should actively international accounting standard-setting bodies need to reflect our present problems. I believe that with China's socialist market economy continues to improve and development, we will be more broadly maintain coordination with the international accounting standards.

Fully learn from developed countries such as Britain's accounting process of the international collaborative ways, and quickly the power of accounting internationalization in China, causes and consequences, in-depth exploration of the specific steps the international accounting and treatment, will promote the process of internationalization of accounting rather helpful. First, in the process of international accounting standards, the most basic is reached with the International Accounting Standards should be basically the same conceptual framework. In accounting terminology and content are quite accurate and consistent, all the specific criteria can be formulated in dependence frame, equivalent to the common goals and specific criteria based on the coordination process, one from an accounting point of view, this will undoubtedly reduce the co-ordination in the run-in and accelerate the process of coordination, the ultimate international accounting standards of China laid a good basis and starting point. Secondly, international accounting standards to speed up the development process to meet the needs of rapid economic internationalization. formulation of accounting standards and international accounting standards convergence process table, in-depth analysis of international background, causes and consequences. and to proceed with a detailed analysis of criteria and differences between the comparison, so we embarked on international accounting systematic, substantive agenda. Third, the internationalization of Chinese accounting, including international accounting standards and accounting practices of two aspects of international, Therefore, in addition seeks to promote the internationalization of accounting standards away. How and to improve the quality of accounting practice, accounting practice to achieve international standards of accounting operations is another major international challenge.

We will fully and correctly understand the international accounting standards-setting bodies, and how the new International Accounting Standards Committee under the framework of our role to play. So that more of both the International Accounting Standards, including my own situation and needs of developing countries, which before us is a major challenge. On the one hand, we should be more comprehensive, extensive participation in the formulation of international accounting standards, including positive comments on the draft, etc., on the other hand, actively participate in international harmonization of accounting at the same time , reflecting the special circumstances of our country as much as possible to put us in the international coordination of the impact of international accounting standards in order to develop a new pattern of organization to play a greater role.

We should actively with economic background similar to a considerable level of economic development of countries with similar characteristics interregional communication, dialogue and cooperation to improve the coordination of the international accounting impact. At this point, China should strengthen cooperation with Asian countries more Accounting inter-agency communication and cooperation, the International Accounting Standards and International Accounting Standards Board suggestions and requirements, you can expand the Asian countries in the international accounting standard-setting effect, so that more Asian countries reflects the situation and needs. and to establish accounting development in China in the Asian countries in an important position.

The accounting reform, to achieve international harmonization of accounting. Requires corresponding accounting personnel for protection. The one hand: the quality of the accounting staff can not meet the accounting reform and the need for international coordination, good training in accounting At present it is particularly important, because not only accountants need to learn, the person in charge should also be able to understand some accounting knowledge, as well as supervision, inspection and other departments also need to accept the new accounting knowledge. On the other hand: the face of the growing internationalization of China's Accounting , the domestic accounting personnel do not have only emphasis on domestic, and to look further ahead in the world, the knowledge itself and the trend of international integration of accounting, so as to better facilitate the process of internationalization of accounting, and gradually improve our accounting practitioners operational level personnel.

Internationalization of accounting is not just an accounting efforts in the field can be done, and it needs some other related fields to participate in and promote each other, the only way to form a coordinated whole, the development pace of the formation and development of a unified, makes our accounting in international road has more support in terms of strength, but also more conducive to China's rapid economic and healthy development, on the contrary, if only the accounting development "a single show," it is not the development of accounting there is a broader arena. In short, the international accounting is a growing world economy, performance, and economic development needs in the area have more, for the economy to be stable, fast to develop, needs all joint efforts and progress.

4 accounting internationalization will be a difficult and lengthy process
We should be a clear understanding that China's economic development is taking the path of gradual, which determines the internationalization of Chinese accounting can only take the gradual path of reform. Moreover, during this long process will be a variety differences, such as: ① the composition of users of accounting information in China and concerned about the extent of the accounting information needs of countries with developed market economies there are still gaps, ②, the current Chinese Laws, the regulatory environment and the application of International Financial Reporting Standards, there are some environmental requirements inconsistent, ③ competitive and equitable trading environment is still to establish and perfect the process, transactions between enterprises and sometimes quite irregular, ④ China's market economy is still in development stage, to be further improved in many ways, ⑤ China Accounting Standards Executive mechanism is not perfect. led to the accounting practice from the requirements of International Financial Reporting Standards and so there is a gap, those gaps are harbingers of the internationalization of Chinese accounting challenges and hardships facing the end, to achieve the internationalization of China's accounting will is a very difficult, complex, long way to go task. Links http://www.hi138.com Research Papers Download