Publicação
IFRS adoption in China and its implication: the case of Chinese listed companies
| Resumo: | This thesis investigates how the International Financial Reporting Standard (IFRS) is adopted in China and its implications. The main studied questions are: How had the accounting industry changed in China due to IFRS? What are the reasons for China’s convergence of IFRS? What are the new accounting standards for China? What is the difference between the new Chinese Accounting Standards (CAS) and IFRS? Most representative listed companies in China were selected for analyzing their relationship with CAS in different factors. Such as political environmental factors, motivation of the reform, challenges during the implementation, ect. In light of the development of the global accounting unification. To minimize the impact of difference between the environmental and culture, the Chinese government had to choose to adopt part of IFRS and implement the new CAS to take part in the economic globalization. Thus, minor differences between the new CAS and IFRS still exist. From 2007 onwards, all listed companies in China are required to implement the new CAS. Facing with the new accounting standards and practice, the lack of professional accountants with international vision became a major stumbling block of China's accounting reformation. |
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| Autores principais: | Zhao Qiutong |
| Assunto: | IFRS adopted in China Accounting industry Difference between IFRS and new CAS Convergence Gestão de empresas IFRS International financial reporting standards Contabilidade Critério de convergência Norma contabilística Trabalho de projeto China |
| Ano: | 2019 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | ISCTE |
| Idioma: | inglês |
| Origem: | Repositório ISCTE |
| Resumo: | This thesis investigates how the International Financial Reporting Standard (IFRS) is adopted in China and its implications. The main studied questions are: How had the accounting industry changed in China due to IFRS? What are the reasons for China’s convergence of IFRS? What are the new accounting standards for China? What is the difference between the new Chinese Accounting Standards (CAS) and IFRS? Most representative listed companies in China were selected for analyzing their relationship with CAS in different factors. Such as political environmental factors, motivation of the reform, challenges during the implementation, ect. In light of the development of the global accounting unification. To minimize the impact of difference between the environmental and culture, the Chinese government had to choose to adopt part of IFRS and implement the new CAS to take part in the economic globalization. Thus, minor differences between the new CAS and IFRS still exist. From 2007 onwards, all listed companies in China are required to implement the new CAS. Facing with the new accounting standards and practice, the lack of professional accountants with international vision became a major stumbling block of China's accounting reformation. |
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