The globalization of the world economy has certainly helped accelerate the process of development and adoption of International Financial Reporting Standards (IFRS), or of common accounting language. Currently IFRS are widely used in many parts of the world and even the Chinese Ministry of Finance (MOF), engaged for decades in the process of convergence of Chinese accounting principles (PRC GAAP) to IFRS, from 15 February 2006 began the introduction the new standards and establish effective from 1 January 2007. Before the adoption of new accounting standards, most of the companies applied the Accounting Regulations for Business Enterprises, 16 specific standards and standards complementary, indicated generally as OLD PRC GAAP. The new Chinese accounting standards, known instead as NEW PRC GAAP, are a "Basic Standard" and 41 specific rules. The convergence of Chinese accounting standards to international accounting standards represents a turning point towards harmonizing accounting internationally and at the same time a first sign of discontinuity with the previous accounting system. The NEW PRC GAAP differ substantially from the previous OLD PRC GAAP as they are more based on principles rather than rules-based, it has a greater use of fair value measurement, a sign of orientation to a market economy, a sharp rise and constant transformation in China, and ultimately provide more information and transparency constraints. This study develops a detailed analysis and comparative evaluation criteria of the individual items of the financial statements prepared under international accounting standards in comparison with the regulation under Chinese accounting standards, respectively OLD PRC GAAP and NEW PRC GAAP, in order to highlight how the convergence process of the Chinese accounting system, despite the intentions, still in the making. The study highlights the fact that the convergence to international standards at present has not resulted in a real convergence in accounting practices; a number of items contained in the financial statements prepared under PRC GAAP reflect the specificities of Chinese companies, as well as the different measurement of balance sheet items Chinese from the IFRS, derived from the tradition and the socio-cultural context of the country, which certainly they can not be eliminated in the short term. The study shows certainly a significant evolution of the Chinese accounting standards with a trend towards rapprochement with international accounting standards; significant in this regard are in fact the elements of differentiation between International Financial Reporting Standards and NEW PRC GAAP, such as the absence in Chinese accounting standards of the options in the assessment criteria laid down by IAS / IFRS, the accounting requirements related to the specificity of the country provided expressly from NEW PRC GAAP and are not covered by the IAS.
|Data di pubblicazione:||14-mar-2016|
|Titolo:||I principi contabili cinesi tra tradizione e convergenza verso IAS/IFRS|
|Settore Scientifico Disciplinare:||SECS-P/07 - ECONOMIA AZIENDALE|
|Corso di dottorato:||ECONOMIA AZIENDALE, MANAGEMENT ED ECONOMIA DEL TERRITORIO - 70R|
|Citazione:||(2016). I principi contabili cinesi tra tradizione e convergenza verso IAS/IFRS. (Tesi di dottorato, Università degli Studi di Milano-Bicocca, 2016).|
|Parole Chiave (Inglese):||PRC GAAP, IAS/IFRS|
|Appare nelle tipologie:||07 - Tesi di dottorato Bicocca post 2009|