LS0467: Case Study CHINESE EVOLVING ACCOUNTING SYSTEM

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Question: Case Study CHINESE EVOLVING ACCOUNTING SYSTEM

Question 1: What factors have shaped the accounting system currently in use in China?

Question 2: What problem does the accounting system, currently in sue in China, present to foreign investors in joint ventures with Chinese companies?

Question 3: If the evolving Chinese system does not adhere to IASC standards, but instead to standards that the Chinese governments deem appropriate to China’s “Special situation”, how might this affect foreign firms with operations in China?


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