china's international accounting rules

Essay specific features

 

Issue:

Business

 

Written by:

Susan P

 

Date added:

May 30, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 355

 

Was viewed:

9421 times

 

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Essay content:

The potential of the Chinese market plus the mild taxation system can be seen as an alluring factor to attract many overseas investors put more money in this goldmine to take back the bigger profit. China culminated the first stage of its accounting reforms by issuing a conceptual framework titled Accounting Standards for Business Enterprises (ASBE) in November 1992...
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Accounting journals and other Chinese publications already provide several overviews of China's conceptual framework for accounting and the underlying rationale for its publication. The financial statements published by Chinese companies typically include a balance sheet, an income statement, a cash flow statement, notes to financial statements, and other supporting schedules...
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