International Economic Relations and the Application of Fair Value Accounting in China
This paper examines the linkage between international economic relations and the accounting reform that has taken place covering transformation from a planned economy to a market-oriented one in China. In general, characteristics of accounting reforms and the tightening and relaxing interchangeable regulatory pattern related to the application of fair value accounting in China exhibited that the countrys accounting system convergence with international accounting practices was mainly a political process. Such a convergence was jointly influ enced by the countrys economic policies on international trade and foreign investment attraction for the purpose of fulfilling its political objectives and pursuing Market Economic Status. Our analysis demonstrates that changes of international economic relations drove the application of fair value accounting to some extent at every period of Chinas accounting reform.
Accounting Reform Fair Value Accounting International Economic Relations Market Economic Status
Wenjing LI Xiaoyan LU Minghai WEI
School of Management Jinan University (Guangzhou),China School of Business Sun Yat-Sen University,China
国际会议
南京
英文
310-319
2008-06-06（万方平台首次上网日期，不代表论文的发表时间）