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Topic: Chinese accounting standards

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	Chinese accounting standards (Site not responding. Last check: 2007-10-09)
		Chinese accounting standards are unique because they originated in a socialist period in which the state was the sole owner of industry.
		In contrast to a Western balance sheet, Chinese accounting standards do not include an accounting of the debt s that a corporation holds, and are less suitable for management control than for accounting for tax purposes.
		KASB(Korea Accounting Standards Board)/KAI(Korea Accounting Institute) KASB is a private sector organization in charge of establishing Korean accounting standards and KAI as a research center supports KASB in its activities.
	www.serebella.com /encyclopedia/article-Chinese_accounting_standards.html (690 words)

	Accounting (Site not responding. Last check: 2007-10-09)
		Chinese accounting standards Chinese accounting standards are the International Accounting Standards.
		International Accounting Standards Committee was founded in June 1973 and restructured to the International Accounting S...
		Standard accounting practice Publicly-traded banks and shareholders, for example, to prepare according to the rules.
	www.brainyencyclopedia.com /topics/accounting.html (355 words)

	Accounting Standards in China by Ray Ball
		The ASBE were based on International Accounting Standards (IAS) and adapted to local conditions.
		Staff in many of these firms were formerly internal accountants in the companies they now are required to audit, and in the Chinese context their relationships with and obligations to former colleagues who now are managers in their client companies are likely to persist.
		Accounting standards interact closely with the institutional environment, including the development of an independent judicial system, the reform of the management and governance of state-owned enterprises, the implementation of bankruptcy law, and the reform of the financial and tax systems.
	www.worldbank.org /html/prddr/trans/octnovdec01/pgs19-20.htm (782 words)

	Chinese - Hutchinson encyclopedia article about Chinese (Site not responding. Last check: 2007-10-09)
		The Chinese comprise more than 25% of the world's population, and the Chinese language (Mandarin) is the largest member of the Sino-Tibetan family.
		The majority of Chinese are engaged in agriculture, cultivating irrigated rice fields in the south, and growing millet and wheat in the north.
		Descendants of Chinese migrants are found throughout Southeast Asia, the Pacific, Australia, North and South America, and Europe.
	encyclopedia.farlex.com /Chinese (390 words)

	International Accounting Standards
		Accordingly, while the accounting standards used must be high quality, they also must be supported by an infrastructure that ensures that the standards are rigorously interpreted and applied, and that issues and problematic practices are identified and resolved in a timely fashion.
		However, other jurisdictions accepting IASC standards may develop conflicting interpretations or may accept applications of IASC standards that would not be acceptable in the United States and other jurisdictions, in part, because of lack of expertise, resources, or even the authority to question a company's application of accounting standards.
		Under IASC standards, the impact of a change in depreciation or amortization method is recognized as an adjustment to depreciation or amortization expense in current and prospective periods affected by the change.
	www.sec.gov /rules/concept/34-42430.htm (16944 words)

	IBT Paper (Site not responding. Last check: 2007-10-09)
		Thus, accounting standards must be uniformly applied by enterprises in the same industry in order for the reported numbers to be meaningful to investors.
		Although the passage of the ASBE is a watershed moment in history for Chinese accounting, two fundamental differences between international standards remain.
		First, ASBE standards require fixed costs to be stated at cost while the IASC (International Accounting Standards Committee) requires costs to be stated at a historical cost or revalued amount.
	www.jeffreychow.com /IBT.htm (6140 words)

	AEI - Events
		So they are operating in an unprecedented environment, by Chinese standards, and 3.6 percentage points is also very, very high, certainly by the standard of developed-market economies, where most banks have had their margins competed down to practically nothing.
		Somehow I think the Chinese would be different than the Japanese, and I don't know why, but you know the Japanese keep all of their money in their insolvent banks, and they seem to carry on for long periods of time, most of the 1990s, I guess.
		We hand in the international accounting standard balance sheet to the People's Bank, and they look at it with great interest, and they are aware of the difference, but it's not publicized, and they congratulate us for doing it, but it doesn't lead to any change in any policies.
	www.aei.org /events/filter.foreign,eventID.382/transcript.asp (11208 words)

	A-Z of National Standards & Setters arranged by country (Site not responding. Last check: 2007-10-09)
		Chinese Accounting and Auditing Standards (Hua-Ander) - unofficial source of Chinese Accounting and Auditing Standards from Hua-Ander, a firm of Certified Public Accountants based in Beijing.
		Accounting Standards Board, India (ASB) - listing and full text of the standards, alongside a table providing the 'Status of the Accounting Standards' and other useful documents such as 'Preface to the Statements on Accounting Standards' and 'About the Accounting Standards Board'.
		Financial Accounting Standards Foundation - Accounting Standards Board (Japan) - established in July 2001, the ASB is the body expected to have responsibility for the development of accounting standards in Japan, whilst the FASF is expected to assume an oversight role regarding ASB activities
	www.icaew.co.uk /librarylinks/index.cfm?AUB=TB2I_25631 (1052 words)

	Accounting, law and taxation in China (Site not responding. Last check: 2007-10-09)
		A seperate english lanuage website for the Institute is available giving an overview or the organisation including details of the membership, the Institute's mission, main power and responsibilities, organizational structure, divisions of the secretariat and their main duties.
		Shanghai National Accounting Institute (SNAI) - English language website of the professional accountancy body founded in September 2000 by the Central Committee of the Communist Party and the State Council to raise the knowledge and abilities of Certified Public Accountants and senior financial managers.
		Chinese Accounting Standards — the Process of International Harmonization - published in October 2002.
	www.icaew.co.uk /library/index.cfm?AUB=TB2I_65371,MNXI_65371 (1328 words)

	IAS Plus - China Accounting Standards Overview (Site not responding. Last check: 2007-10-09)
		In November 1992, the first accounting standard, the Accounting Standard for Business Enterprises (the 'Basic Standard'), which is regarded as the conceptual framework of China's accounting, was promulgated by the MOF and became operative from 1 July 1993.
		Accounting Guideline for Trust Activities is applicable to all parties engaged in trust activities (include the trustor, trustee and beneficiary) and the implementation of trust arrangements.
		The accounting principles followed in the ED are generally consistent with the derecognition provisions of IAS 39, including a continuing involvement approach to derecognition if a financial institution has neither transferred nor retained substantially all the risks and rewards of the ownership of the financial assets.
	www.iasplus.com /china/overview.htm (3288 words)

	[No title] (Site not responding. Last check: 2007-10-09)
		Project benefits and target population: To the Chinese authorities, the importance of this project lies in part in that it will have substantial spillover effects on increasing the probability of success of economic and structural reform efforts, and on improving the methods of general project management.
		The Construction Accounting Standard issued by Accounting Department, MOF for construction oriented projects dictates the format of financial statements, chart of accounts and related instructions which will therefore affect project accounting and reporting requirements.
		Project accounting responsibilities are to be handled at the central level by the Financial and Statistics Division: 3 operational staff (Accounting Manager with 2 staff: Accountant/Disbursement Officer and a Cashier).
	www-wds.worldbank.org /servlet/WDSContentServer/WDSP/IB/1999/09/17/000094946_99051205332944/Rendered/INDEX/multi_page.txt (9741 words)

	Accounting Practice (Site not responding. Last check: 2007-10-09)
		International Accounting Standards (international) The lack of transparent accounting standards in some nations has been cited as increasing the difficulty of doing business in them.
		Giant firms in some Asian countries were able to take advantage of their ill devised accounting standards to cover up horribly huge debts and losses which yielded a collective effect that eventually led the whole region into financial crisis.
		Hong Kong and Singapore were hit hard despite have good accounting standards, while Mainland China was relatively immune despite have a mess in accounting.
	www.wwwtln.com /finance/2/accounting-practice.html (1253 words)

	Standard accounting practice (Site not responding. Last check: 2007-10-09)
		Publicly-traded companies are required to follow certain accounting rules to prepare financial statements so that the readers of the statements can easily compare different companies.
		The lack of transparent accounting standards in some nations has been cited as increasing the difficulty of doing business in them.
		The accounting scandals of the early 21st century which affected companies such as Worldcom and Enron however have shown the limits of accounting standards in the United States.
	www.enlightenweb.net /s/st/standard_accounting_practice.html (177 words)

	tax table (Site not responding. Last check: 2007-10-09)
		Proposed changes to pension fund accounting in the US are likely to prompt a shift of investment away from equities and into bonds while speeding the demise of defined-benefit plans, according to investment experts.
		At its meeting in Toronto on October 27-28, 2005, the Accounting Standards Oversight Council (AcSOC) was briefed on, and discussed, the views of respondents to the Accounting Standards Board's (AcSB) Draft Strategic Plan for the period 2006-2011....
		The Canadian Accounting Standards Board (AcSB) has produced a special edition of FYI, summarizing pronouncements of the AcSB and EIC that should be considered in financial statement preparation for 2005 and 2006 fiscal years has been posted....
	www.troupalapalooza.com /tax/1/tax-table.html (720 words)

	Temp (Site not responding. Last check: 2007-10-09)
		However, significant differences still exist between Chinese accounting standards and IASC: Chinese accounting standards require that fixed assets be stated at cost, unlike the IASC historical cost or revalued amount, and a general provision against stock is forbidden.
		Similarly, under Chinese accounting standards, inventories are stated at cost, whereas the IASC standard is the lower of cost or net realizable value.
		However, Chinese accounting standards in theory differ from practice, which presents a continuing problem as to the accuracy of Chinese financial reports.
	www.eastlaw.net /research/SecChangSummary.htm (1944 words)

	Finance & Development, September 1999 - The Chinese State as Corporate Shareholder
		China's accounting rules deviate from international accounting standards in several respects: on the policy basis of the framework, the intended audience, and the definition of terms.
		Recently issued Chinese accounting standards are more precise and comprehensive than the earlier general principles.
		But even with the issuance of improved accounting standards, many of the managers will need to be trained to prepare such accounts.
	www.imf.org /external/pubs/ft/fandd/1999/09/broadman.htm (2526 words)

	International Accounting Forum - Fall 1999 Newsletter
		Specifically the study determines how current Chinese accounting standards are different from IAS, whether these differences are systematically biased toward under or overstated earnings, and which items from the financial statements contributed most to these differences.
		The objectives are to examine these studies for their convergence or otherwise with respect to the state of the understanding of cultural effects on MCS design, and to analyze their theoretical and methodological strengths and weaknesses to guide future research.
		Worldwide shipping is confronted with a dilemma when a new international accounting standard on leases is introduced containing a transitional provision allowing firms to defer implementation for four years.
	www.cba.uc.edu /cbainfo/ias/ForumFall99/art02.htm (1467 words)

	Global Agenda (Site not responding. Last check: 2007-10-09)
		The authorities are acting to improve standards and practices in two key areas of business infrastructure: accountability and corporate governance.
		As investors continue to pursue new avenues into China, Chinese authorities are showing a keen understanding of the many dimensions of the concept of accountability.
		The ministry of finance and CICPA continue to contribute to the global discussion on accounting standards, and the CICPA is undertaking a thorough comparative review of regulatory schemes for CPAs in over a dozen countries.
	www.globalagendamagazine.com /2004/billparrett.asp (1701 words)

	[No title]
		"Chinese and American Business Students Differ in Their Ethical Beliefs" with Paul Mihalek and Carl Smith, presented at the 1st China Accounting and Finance Review conference in Hong Kong, June 1999.
		"A Comparison of the Conceptual Frameworks of China, the U.S. and the International Accounting Standards Committee" with Li Dianfu, Yang Youhong, and Wang Bing presented at the November 1994 at the Sixth Annual Asian Pacific Accounting Conference in Taiwan.
		Participated in discussions with Ministry of Finance concerning accounting standards in November 1995 in Beijing.
	faculty.quinnipiac.edu /business/accounting/rich.asp (783 words)

	Open Directory - Business: Accounting (Site not responding. Last check: 2007-10-09)
		Accounting: A Virtual History - An illustrated, annotated history of the accounting profession, from the professional organization which represents the interests of chartered accountants working in the United States.
		Financial Accounting Standards Board - The designated private sector organization in the U.S. that establishes financial accounting and reporting standards.
		Governmental Accounting Standards Board - Working to establish and improve standards of US state and local governmental accounting and financial reporting that will result in useful information for users of financial reports.
	dmoz.org /Business/Accounting (428 words)

	News (Site not responding. Last check: 2007-10-09)
		Representatives of the China Accounting Standards Committee (CASC) of the People’s Republic of China and the International Accounting Standards Board (IASB) met in Beijing for two days on 7 and 8 November 2005 to discuss a range of issues relating to the convergence of Chinese Accounting Standards (CASs) with International Financial Reporting Standards (IFRSs).
		The International Accounting Standards Committee (IASC) Foundation published today a user’s guide through the official text of the standards on financial instruments issued by the International Accounting Standards Board (IASB).
		The International Accounting Standards Board (IASB) published today a Discussion Paper Management Commentary that assesses the role the IASB could play in improving the quality of the management commentary that accompanies financial statements.
	www.iasb.org /news/index.asp (344 words)

	AICPA International (Site not responding. Last check: 2007-10-09)
		The IASC said representatives from China will be observers—they will have the full right to express their views during deliberations on developing international accounting standards, but they will not have a vote.
		Governments traditionally have used the cash basis of accounting in their financial reports.
		According to the report, this has put a demand on governments to use private-sector-type accounting methods such as accrual-based reporting that measure assets and liabilities.
	www.aicpa.org /pubs/jofa/aug97/inter.htm (304 words)

	China Eastern Swings Back To Profit
		Earnings compiled under Chinese accounting standards can sometimes vary from international standards by a wide margin.
		Chinese airlines were battered by an outbreak of SARS, which peaked in the second quarter of last year and kept passengers away and aircraft grounded.
		It made a loss of 358.27 million yuan (USD$43.3 million) in 2004 under international accounting standards, but it made an 872 million yuan (USD$105.3 million) net profit in the second half of 2003.
	news.airwise.com /stories/2004/04/1083150850.html (286 words)

	eBearing news - Xibei Third Quarter 2002 Profit Overshadowed by Irregularities
		NOTE: figures are unaudited representations of management, and are compiled under Chinese accounting standards.
		However, the company also reported that its Board of Directors and Board of Supervisors were notified of serious problems in an audit report by the China Securities Regulatory Commission (CSRC).
		Situated in Yinchuran, the capital of the Ningxia Hui Autonomous Region, Xibei Bearing Group (XBG) is a major Chinese manufacturing conglomerate, all in one location.
	www.ebearing.com /news2002/102902.htm (380 words)

	blogs from beijing (Site not responding. Last check: 2007-10-09)
		First impression was that David looked the part of what you want in a finance guy: A not too fashionable suit, a wedding ring, not a full-head of hair, and neither too fat or too thin, nor too old or too young.
		He will, when the time is right, train my accountant to keep two sets of books: one that follows Chinese regulations, and another that follows International GAAP (Generally Accepted Accounting Principles).
		He explained that it's important to keep two sets because Chinese accounting standards mismatch International standards in certain ways.
	www.petermcd.com (1059 words)

	Find in a Library: Harmonization of Chinese accounting standards with international accounting standards : necessity, ...
		Find in a Library: Harmonization of Chinese accounting standards with international accounting standards : necessity, progress and effectiveness
		Harmonization of Chinese accounting standards with international accounting standards : necessity, progress and effectiveness
		WorldCat is provided by OCLC Online Computer Library Center, Inc. on behalf of its member libraries.
	worldcatlibraries.org /wcpa/ow/1c3cbf126b93a5c4a19afeb4da09e526.html (101 words)

	IASB Homepage
		The Trustees have published their report on the Review.
		The IASB and FASB have begun a new project to revisit their conceptual frameworks for financial accounting and reporting.
		Copyright © International Accounting Standards Committee Foundation
	www.iasb.org (179 words)

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