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Financial disclosure and accounting harmonization:cases of three listed companies in China

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This paper presents a comparative study of the financial reporting practices of three Chinese
companies listed simultaneously in Mainland China (A-shares) and Hong Kong (H-shares). Their
financial statements, prepared based on the accounting and disclosure regulations in China
and Hong Kong (or International Accounting Standards, IASs) over the period of 1995-1998 were
studied, including an examination of their corporate structures, and vertical and horizontal
comparisons of their primary accounting numbers and key financial ratios. This study demonstrates that significant discrepancies exist for financial information disclosed in terms of Chinese GAAP, Hong Kong GAAP or IASs. In addition, there are notable deviations in financial disclosures among the three
companies. The study findings confirm the existence of asubstantial gap between the Chinese practices of corporate accounting and financial reporting and the internationally accepted norms. It is suggested that there is an urgent need to promote internationalization of Chinese accounting and improve the
understandability and comparability of financial statements released by Chinese listed companies in order to enhance their relevance and usefulness for decision-making by domestic and overseas investors.

Keywords China, Financial reporting, Corporate finance disclosure,Accounting standards, Accounting harmonization

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Informasi Detail

Judul Seri

Managerial Auditing Journal

No. Panggil

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Penerbit

: MCB University Press., 2001

Deskripsi Fisik

Managerial Auditing Journal 16/5 [2001] 263±273

Bahasa

English

ISBN/ISSN

02686902

Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

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