Research on International Convergence of Chinese Accounting Standards Based on Value——Relevance of Accounting Information

摘要

1 Introduction In 1978,China began to implement the reform of the traditional planned economy system to a market oriented economy system and began to explore the construction of socialist market economy.Because there is a fundamental difference between Chinese traditional accounting treatment method and the western system,it caused serious obstacles for China's economic system reform.China promulgated the Accounting Standards for Business Enterprises in 1992 with comprehensive reforms of enterprise accounting system,and initially established its own accounting system which is in line with the international accounting practice.