CONSIDERATIONS ON CHINA’S ACCOUNTING SYSTEM – A RISING COUNTRY TRYING TO BECOME AN EXAMPLE OF SUSTAINABLE DEVELOPMENT
China, a country with an economy and population whose values exceeded all expectations over the last century, still makes considerable efforts to answer several calls from policy makers to develop responsibly in terms of industrialization, used resources and their reuse, economic restructuring,...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2014-05-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2014_Special/82_Breahna%CC%86%20Preva%CC%86t%20Ionela.pdf |
| Summary: | China, a country with an economy and population whose values exceeded all expectations over the last
century, still makes considerable efforts to answer several calls from policy makers to develop responsibly in terms of
industrialization, used resources and their reuse, economic restructuring, environmental protection and health etc. The
major goal of China, the fact that its economy could become leader until 2030, its direct involvement in The Global
Markets Project, and other items, make the study of national particularities of the accounting system of this country to
be a topic of great interest.
The fact that China has become a key pawn in the economy and world politics, reflected it in the accounts
also. Development of cross-border transactions, capital markets, tax, multiple ownership of economic entities, all of
these and not only, lead to the need for convergence with international accounting standards.
Therefore, we try by means of this paper, to approach a series of issues related to past, present and likely
future of the Chinese accounting system, how the system will influence and will be influenced by the social, economic
and political environment |
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| ISSN: | 1844-7007 1844-7007 |