Accounting for the Chinese Context: A Comparative Analysis of International and Chinese Accounting Standards Focusing on Business Combinations

Socio Economic Review, Vol. 5, 2007

Posted: 26 Aug 2007

See all articles by Yuri Biondi

Yuri Biondi

French National Center for Scientific Research (CNRS)

Quisheng Zhang

Beijing Jiaotong University

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Abstract

This paper aims at understanding the recent evolution of Chinese accounting standards while focusing on the accounting for business combinations as case of reference. A comprehensive comparative analysis between International Accounting Standards Board's and Chinese accounting standards is provided, based upon a dualistic approach opposing two perspectives of accounting, static (fair value) or dynamic (matching based). The comparison casts doubts on the ultimate convergence of China towards international accounting standards. Main differences remain and are explained by taking into account: (i) the special Chinese context, (ii) the massive industrial development experienced by business enterprises in China and (iii) the dynamic accounting perspective that leading accounting theorists and Chinese regulatory authorities agree with and wish to encourage.

Keywords: accounting, corporate finance, China, international standards, business combinations

JEL Classification: G34, M41, M44, M47, O16

Suggested Citation

Biondi, Yuri and Zhang, Quisheng, Accounting for the Chinese Context: A Comparative Analysis of International and Chinese Accounting Standards Focusing on Business Combinations. Socio Economic Review, Vol. 5, 2007. Available at SSRN: https://ssrn.com/abstract=1009824

Yuri Biondi (Contact Author)

French National Center for Scientific Research (CNRS) ( email )

IRISSO - University Paris Dauphine PSL
Place Marechal Lattre Tassigny
75016 Paris
France

HOME PAGE: http://yuri.biondi.free.fr/

Quisheng Zhang

Beijing Jiaotong University

No.3 of Shangyuan Residence Haidian District
Beijing, 100089
China

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