Talk:Chinese accounting standards

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Business: Accounting

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The Chinese accounting system in the pre-reform era was typical for a planned economy: it was about matching sources to uses to monitor the spending of funds as the funder intended. It was not about matching revenues to expenditures to ensure that investments were profitable. See generally ALLEN HUANG & RONALD MA, ACCOUNTING IN CHINA IN TRANSITION: 1949-2000, at 25-28 (2001). And the design of current accounting rules often owes as much to the need to ensure tax revenues as to the need to match revenues with expenditures. See Charles J.P. Chen, Ferdinand A. Gui & Xijia Su, A Comparison of Reported Earnings Under Chinese GAAP vs. IAS: Evidence from the Shanghai Stock Exchange, 13 ACCOUNTING HORIZONS 91, 102 (1999) (citing CHI-WAN YANG & JILIANG YANG, HANDBOOK OF CHINESE ACCOUNTING (1999)).

Source: THE GEORGE WASHINGTON UNIVERSITY LAW SCHOOL. PUBLIC LAW AND LEGAL THEORY WORKING PAPER NO. 433 LEGAL STUDIES RESEARCH PAPER NO. 433. THE ECOLOGY OF CORPORATE GOVERNANCE IN CHINA. Donald C. Clarke. 2008. http://sssrn.com/abstract=1245803 —Preceding unsigned comment added by 24.211.242.80 (talk) 22:54, 27 October 2008 (UTC)[reply]