Accounting and Finance in China A Review of Current Practice

Since Accounting and Finance in China: A Review of Current Practice was first published in 1992, practitioners and students have come to rely on its incisive and comprehensive coverage of the China scene. The fifth edition of this best-selling title comprises new information arising out of the latest developments in China's accounting and financial legislation.

This fully revised edition includes new or expanded coverage on the following areas:

• The development of the business environment
• Accounting systems for business enterprises and those with foreign investment, specifically general characteristics, form and content of financial statements, and liabilities
• Accounting standards, specifically contingencies, intangible assets, borrowing cost, leases, interim financial reporting, fixed assets and inventories
• The consolidation of industry-specific accounting systems
• Development of auditing standards - an overview of progress in this area, the objectives, and the standards setting process
• Recent developments in the accounting profession, the development of accounting education and the activities of accounting institutions
• Corporate governance issues; and
• Tax collection and administration

Readership: Executives, investors, accountants and students