Comparisons between IFRS, U.S. GAAP and PRC GAAP

by Sabirna Zhang and Wang lei, , Dezan Shira & Associates,Beijing

If the world’s capital markets could use a harmonized accounting framework it would not be necessary for a comparison between two or more sets of accounting standards. However, there is much to do before this becomes reality. This article aims to present a general overview of China’s General Accepted Accounting Principles (GAAP), U.S.

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This article included in China Briefing Magazine
ANALYZING CHINESE FINANCIAL REPORTING	Other articles in this issue: Analyzing Chinese Financial Statements by Edward Ma, Manager, Corporate Accounting Services, Dezan Shira & Associates, Beijing