Rasmussen College Module 5 Chinese Accounting Reforms Discussion
The purpose of this activity is to use individual research information.
In the Rasmussen library, please research China’s Accounting Reforms and Standards in the 1990s that led to the need for increased external reporting. Cite at least 2 credible sources from a library database as you answer the following questions.
- Briefly describe the economic reforms that led to the need for increased external financial reporting in China.
- Conformity with International Accounting Standards was specified as the overriding objective in formulating China’s accounting standards. What is the author’s opinion on this objective?