The progress of accounting harmonization in China A comparison of A-share and H-share financial results

被引:11
作者
Kuan, Ip Chi [1 ]
Noronha, Carlos [1 ]
机构
[1] Univ Macau, Fac Business Adm, Macau, Peoples R China
关键词
Accounting standards; China;
D O I
10.1108/02686900710759415
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Purpose - Previous studies have demonstrated significant discrepancies in financial results prepared separately under Chinese and international accounting standards. After years of reforms of Chinese accounting practices, there is still doubt as to whether previous discrepancies persist. This study therefore purports to evaluate the current dimensions of differences between the H-share and the A-share financial results. Design/methodology/approach - Corresponding figures from H-share and A-share reports were obtained in pairs and analyzed through paired sample t-tests. Findings - Except for the result on operating income, all other t-tests suggest that there is no significant difference between the paired figures of sales revenue, income before tax, net income, assets, debts and equity. Practical implications - It can be concluded that the harmonization progress of Chinese accounting standards has advanced remarkably. Although full convergence has not been reached, the existing Chinese accounting standards have incorporated both the traits of international standards and the features of Chinese accounting practices. Originality/value - Contrary to previous findings, this study did not identify statistically significant differences between H-share and A-share financial reports.
引用
收藏
页码:620 / +
页数:22
相关论文
共 18 条
[1]  
Chen C.J.P., 1999, ACCOUNTING HORIZONS, V13, P91
[2]  
Chen S., 2002, ACCOUNT HORIZ, V16, P183
[3]  
Chen Y., 1997, INT J ACCOUNTING, V32, P139, DOI DOI 10.1016/S0020-7063(97)90022-4
[4]  
Deloitte Touche Tohmatsu, 2001, INT ACC STAND PRACT
[5]  
Deloitte Touche Tohmatsu, 2007, CHIN ACC STAND OV
[6]  
DING Y, 2000, MANAGE FINANC, V26, P31
[7]  
Ge W., 2005, WORKING PAPER
[8]  
Graham L.E., 1997, INT J ACCOUNTING, V32, P247, DOI DOI 10.1016/S0020-7063(97)90011-X
[9]  
Hong Kong Exchanges and Clearing Limited, 2006, DAT STAT
[10]  
Hong Kong Exchanges and Clearing Limited, 2006, HK EX FACT BOOK 2005