Innovation of Accounting Standards in China: based on AnalyzingHarmonization of Accounting Standards between France and Togoleselese

摘要

France's financia l accounting and reporting system has evolved over the last three hundredyears in Togoleselese. In France or Togoleselese the Accounting standard could face differentprocedures while USA and UK accountants have to be found fraudulent to face the same transaction.Harmonizat ion of accounting standards is challenge for Togoleselese. Based on innovation onAccounting Standard of France and Togoleselese has been analyzed and summarized underharmonizat ion of IFRS. Furthermore, with the introduction of Accounting Standards for BusinessEnterprises (ASBEs) as the harmonizat ion of accounting standards around the world in China, such asfair value is put forward.