title: The development of a regulatory accounting system in China
metadata.name: dc.contributor.author
metadata.value: Amurskaya, Marina A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2020-09-09T12:48:14Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2020-09-09T12:48:14Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2019-06
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Amurskaya, Marina A. 2019. The development of a regulatory accounting system in China. Pravovedenie 63 (2): 209–227.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu25.2019.201
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/19362
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article reveals the development of a regulatory accounting system in China. National accounting standards are a system of regulations, enshrining the basic principles and rules of
  national accounting. The author illustrates the features of the traditional Chinese accounting
  system, the practice of first using Western accounting tools, the adoption of the Soviet model,
  the era of Maoism, reforms of Deng Xiaoping, the current state, and the difficulties of the transition to international standards. The author focuses on the factors that have shaped the national
  characteristics that distinguish the Chinese accounting system from others. These features
  should be leveled out by international accounting standards, harmonization with which China
  began in the 90s of the twentieth century in order to increase the transparency of financial reporting and reduce the cost of attracting foreign capital. The article emphasizes the fact that the
  Chinese accounting regulatory system for many centuries developed in its own way, fulfilling the
  tasks that were necessary for the state. The Chinese experience of borrowing elements from
  other legal models demonstrates the negative economic consequences that occur when China
  attempts to abandon their own traditional practices. The fact that reforms are led by the Ministry of Finance of the PRC, through “regulations” and “recommendations” rather than by the
  national professional accounting community, has a strong influence on the reform processes in
  China. A series of comparative tables of the main provisions of regulatory acts forms an idea of
  the convergence process of Chinese national standards with international ones. Particular attention is paid to how the Chinese side competently behaved in the negotiation process with the
  International Accounting Standards Board. Following the results of the material presented, the
  author concludes that the development of the Chinese accounting regulatory system is a good
  example of the fact that it is not possible to unify national traditional principles and regulations
  by adopting international standards. And with the support of the traditional economic principles
  that have been fixed in the regulatory system, China for several decades has managed to transform from an investment object into the world’s largest investor.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Pravovedenie;Volume 63; Issue 2
metadata.lang: -
metadata.name: dc.subject
metadata.value: regulation
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: accounting
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: national standards
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: International Financial Reporting Standards
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: harmonization
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Chinese experience
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The development of a regulatory accounting system in China
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 209-227.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/19362/1/209-227.pdf
resources.format: Adobe PDF
resources.size: 1,02 MB