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Dissertation Plan
Name: HU YANRUI
Matriculation Number:
Dissertation Title: The different impacts on accountants and corporations in China for international harmonization of accounting standards.
Introduction: International harmonization plays an increasingly key role all over the world in nowadays. With the developing of economy, there are more trades between two foreign companies with different system of accounting statements. Investors and financial analysts need to understand the financial statements of foreign corporations whose shares they might wish to buy. So that, Accounting standards has tended to international harmonization as well as. In 1973 the most successful body International Accounting Standards Committee 指导留学作业提供指导Essay，指导Assignment，请联系QQ：949925041(IASC) was founded by the accountancy bodies of nine countries (Australia, Canada, France, Japan, Mexico, the Netherlands, the United Kingdom with Ireland, the United States and West Germany (Benson, 1979). Till 2001, the number of members has up to 17, which included three or four members from developing countries（Nobes. C. and Parker. R.2008）. From then, IASC was replaced with the IASB, which is a successor of IASC. The IASB (IASC) has a key influence on the development of accounting standards all over the world as a worldwide standard-setter. However, China is a communist country. There is a different system of economy compares with that of the UK or US, which is a capitalist economics.
In 1990s of China, there has no ‘profit’, no shareholders, no independent auditors and no stock markets so that it is very difficult for China to follow the international step (Ezzamel,M. Xiao,J.2007). But for this reason, it implies that there has a great space for China to develop his accounting system.
In 1988, China has established his first accounting committee: The Chinese Institute of Certified Public Accountants (CICPA). From then on, the Accounting Standards in China had been developed by a dramatic speed. In 1997, just about ten years, China joined the IASC and an IASC Board meeting was held in Beijing. The Chinese government give its support for the IASC. At the same time, It needs to talk about the standards in Hong Kong which has a different system (base its standards on IASC in 1993) from Chinese Mainland. There had been more contacts between IASC and CICPA. In the next year, an Accounting Standards Committee (CASC) was founded within China’s Ministry of Finance. Since 2001 China joined WTO, his accounting standards has been tended to international harmonization. In short time, there has a big problem for accountants and corporations in China, which short for human resource on accountants for the IAS. However, there will have a key affect on accountants and corporations in a long time with developing the system of accounting in corporations and studying the IAS go abroad.#p#分页标题#e#
Whether corporations or accountants in China will tend to international harmonization of accounting standards depends on the CASC follows the step of IASC even though there have some differences between new Chinese Standards and international standards. But the different influence between accountants and corporations will bring different changes. It will be a great issue for developing economy in China if the two main roles did not develop by the same step. Corporations have the demand of accountants for sharing international financial statements. That needs the demand and the supply in the same level. However, it may be a good way for accelerating each other by this level. So there exists a potential relationship between accountants and corporations. Consequently, if there has a balance between the development of accountants and corporations, the international harmonization of accounting standards will develop better in China.
Aim: The aim for this dissertation is to analyse and interpret how the international harmonization of accounting standards effect on accountants and corporations in China as well as the potential relationship between different effects of accountants and corporations
Objectives: To achieve the aim, four objects are formulated. Firstly, to investigate the background and development of accountants and corporations under the effects of the accounting standards in China since1990. Then, to identify the international harmonization of accounting standards around the world (IFRS). Thirdly, to explore the changes of accountants and corporations effected by harmonious international accounting standards. Finally, to analyse the gains and losses of international harmonization of accounting standards for accountants and corporations in China.
Research methods: Interviews and questionnaires are very important methods for me to analyse in my dissertation. Qualitative and limited quantitative methods will be used to analyse the key point of this dissertation and primary data within proving some points. But qualitative and primary data will be the mainly methods.
Potential limitations: The words in my dissertation may not be so precise to express my meanings because English is not my mother tongue. Due to the difficulty to get data by interviews, it will take me a lot of time for collecting the primary data. The feedbacks of questionnaires will not be got in time. Meanwhile, the limited previous research on this area will also be a limitation.
Resources: libraries and electronic database
Timetable
WEEKS DATE ACTION
10-15 Monday, November 09, 2009 to Friday, December 18 , 2009 Review the Literature
16-20 Monday, January 18, 2010 to Friday, February 19, 2010 Writing up
21-24 Monday指导留学作业提供指导Essay，指导Assignment，请联系QQ：949925041, February 22, 2010 to Friday, March 19, 2010 Draft vision #p#分页标题#e#
25 Monday, March 22 , 2010 Final Draft
Proposed chapter headings:
Chapter One: Introduction
1.1 Introduction
1.2 Aim and Objectives
1.3 Methodology
1.4Potential limitations
1.5 Structure of the Dissertation
Chapter Two: Literature Review
2.1 Accountants and corporations in China
2.1.1 The history of accountants in China
2.1.2 The history of corporations in China
2.2 International harmonization of accounting standards in China
2.2.1 Development of accounting standards in China from 1988(CICPA established)-2009
2.2.2 Advantage of international harmonization of accounting standards in China for accountants and corporations since China joined the IASC in 1997
2.2.3 Disadvantage of international harmonization of accounting standards in China for accountants and corporations since China joined the IASC in 1997
2.2.4 Compare the changes of accounting standards in China in 1997 and 2009 for international harmonization of accounting standards
2.3 Summary
Chapter Three: Methodology
3.1 Research Methods
3.2 Literature Review
3.3 Data Collection
3.4 Ethical considerations
Chapter Four: Analysis and Interpretation
4.1 Analysis of accountants and corporations in China
4.1.1 The effects of history of accountants in China on international harmonization of accounting standards of China
4.1.2 The effects of history of corporations in China on international harmonization of accounting standards of China
4.2 International harmonization of accounting standards in China
4.2.1 The effect of IASB on CICPA
4.2.2 The effect of international harmonization of accounting standards on accountants in China since 1997
4.2.3 The effect of international harmonization of accounting standards on corporations in China since1997
4.2.4 Compare the different changes between accountants and corporations in China
4.3 Results
4.3.1 Effect of international harmonization on accountants in China
4.3.2 Effect of international harmonization on corporations in China
4.3.3 The different changes between accountants and corporations in
China
4.3.4 Summary
4.4 Summary
Chapter Five: Conclusions and Recommendations
5.1 Conclusions
5.2 Recommendations
Key references:
1. Hong Kong Institute of Certified Public Accountants (2009).Thirty years of China’s accounting reforms. Available from http://app1.hkicpa.org.hk/china/taxation_articles/writers_doc/2009/Jan-Issue.pdf [accessed 05/11/09]
2. Ezzamel,M. Xiao,J. (2007) Regulating accounting in foreign invested firms in China: from Mao to Deng. Edinburgh: Institute of Chartered Accountants of Scotland#p#分页标题#e#
3. Chen,J. Cheng, P. (2007) ‘Corporate governance and the harmonisation of Chinese accounting practices with IFRS practices’, Journal of Accounting & Finance 15 (2), pp284-293
4. Lin, Z. and Johnson, S. (2004)’An exploratory study on accounting for quality management in China’, Journal of Business Research 57 (6), pp620
5. Nobes,C. (2004) Developments in the international harmonization指导留学作业提供指导Essay，指导Assignment，请联系QQ：949925041 of accounting. Cheltenham: Elgar Reference Collection
6.Financial Times Information(1997). China Business Information Network. Available from
http://proquest.umi.com/pqdweb?did=131842971&sid=3&Fmt=3&clientId=18443&RQT=309&VName=PQD [accessed 09/07/97]
7.Baker,C. Biondi, Y. and Zhang, Q. (2010) ‘Disharmony in international accounting standards setting: The Chinese approach to accounting for business combinations’, Critial Perspectives on Accounting 21(2), pp107
8.Jopson, B. (2006) ‘Top Chinese regulator to join international accounting body GLOBAL ACCOUNTS RULES’, Financial Times, p10
9.McCollum, T. (2006) ‘China Adopts International Standards’, The Internal Auditor 63(2), p21
10.James, K. and Otsuka, S. (2009) ‘Racial biases in recruitment by accounting firms: The case of international Chinese applicants in Australia’, Critical Perspectives on Accounting 20(4), p469
Ethical Statement: I have considered the ethical implications of my work and certify that my research conforms to Napier University’s ethical standards.
Signature:…………..
Overall mark:
Comments:
Supervisors signature: ……………………………………….
Chapter 1: Introduction
Introduction
International harmonization plays an increasingly key role all over the world in nowadays as well as developing countries, such as China （Nobes. C. and Parker. R.2008）. With the developing of economy, The Essay is provided by UK Assignment http://www.ukassignment.orgthere are more trades between two foreign companies with different system of accounting statements. So that, Accounting standards has tended to international harmonization as well as
In 1978, China’s reform and opening-up policies to be carried out. The Accounting Standards in China had been developed by a dramatic speed with the impact of development of IAS, even though it is very difficult for China to follow the international step with different system of economy with that of the UK or US (Ezzamel,M. Xiao,J.2007). From 1988 (China has established his first accounting committee-CASC) to 1997, just about 10 years, China joined the IASC and an IASC Board meeting was held in Beijing (Financial Times Information 1997). The Chinese government gives its support for the IASC. From then on, the CASC follows the step of IASC to develop with the ‘Harmonization’.#p#分页标题#e#
However, in short time, there has a big problem for accountants and corporations in China, which is short for human resource on accountants for the IAS and there still have some differences between new Chinese Standards and international standards. It will be a great issue for developing economy in China if the two main roles did not develop by the same step.
Aim and Objectives
Aim
The aim for this dissertation is to provides an overview of recent trends regarding IAS in China. It tries to analyse and interpret how the international harmonization of accounting standards effect on accountants and corporations in China. In the meanwhile, it is necessary to use the development of CAS under IAS as a benchmark and consider different impacts between these two main roles-accountants and corporations. Using comparisons impacts between accountants and corporations can be an effective way to find out the potential relationship between them and find a better solution for their development in the same step.
Objectives are to
Investigate the background and development of accountants and corporations under the effects of accounting standards in China since1990
Identify the international harmonization of accounting standards around the world (IFRS), especially in China.
Explore the changes of accountants and corporations in China effected by harmonious international accounting standards.
Analyse the gains and losses of international harmonization of accounting standards for accountants and corporations in China.
Methodology
The research of this dissertation is based on the existing published material to analyse the different impacts on accountants and corporations in China for international harmonization of accounting standards. Specifically, it attempts to investigate their different change with the CAS follows the step of IAS .This research method will explore how the international harmonization of accounting standards effect on accountants and corporations in China. A statement of research objectives and methodological issues are considered by analysis of collected responses that examine state of accounting system in China at start-up stage, and development in ten years later. Finally we consider the potential relationship between the change of accountants and corporations.
Limitation
The limitation of this research is that the primary research will not be applied in the dissertation because of the difficulties to access to the primary data. Furthermore, the figures presented in my study stems from existing academics surveys. Due to the research sample was relatively small and highly selective, so it was not meant to exhibit a random representation of either accountants or corporations in China.
On the other hand, there is limited knowledge of the way in which corporations deal with differences between CAS and IAS. It is necessary for this study to collect a large scale evidence to draw a valid conclusion. Further research on a more representative sample would be useful to conceptualise the preferences of financial statements in these corporations.#p#分页标题#e#
1.5 Structure of the Dissertation
The whole structure of this dissertation is organized as follows:
First, introductory chapter contains introduction, aim and objectives, methodology and limitation involved in this dissertation.
Chapter two indicates theThe Essay is provided by UK Assignment http://www.ukassignment.org literature review of the background of accounting and corporations in China. Then, analyzing advantage and disadvantage of international harmonization of accounting standards developed in China. After that, compares the different impacts on accountants and corporations in China for international harmonization of accounting standards,including the literature review which will provide theoretical support to the further research.
Chapter three is research methodology which shows the process of collected data.
Chapter four is analysis and interpretation. It compares and contrasts the accounting standards adopted by corporations and accountants, and find different impacts between them. Subsequently, analysis and discussion of research findings will originate from this research.
The final chapter presents conclusions and recommendations concerning the effective measures to resolve the issue of disharmony between corporations and accountants.
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