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Essay

Comparison of GAAP and PRC GAAP

Essay specific features

 

Issue:

Business

 

Written by:

Ryan C

 

Date added:

August 25, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 634

 

Was viewed:

2208 times

 

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Essay content:

The law sets out general principles of accounting for all enterprises and also empowers the Ministry of Finance to administer accounting affairs and to establish uniform accounting regulations and systems. Under the mandate of Accounting Law the Minister of Finance has issued various accounting regulations that apply to different categories of enterprises...
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China is increasing its transparency in its financial reporting. In addition, it is undergoing a dual transition from a centrally planned economy to a socialist market economy, and from an emerging economy to an industrialized economy in which the business environment is in constant change (Zhang, Lei and Shira, 2007)...
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