Which of the following is the purpose of China’s “Accounting System for Business Enterprises” issued in 2001 to supersede its “Basic Standard of Accounting for Business Enterprises?”
A. Increase harmonization of accounting standards.
B. Improve comparability of accounting statements.
C. Make financial reporting distinct from taxation.
D. All of the above
Answer:D
Which of the following is the purpose of China’s “Accounting System for Business Enterprises” issued in 2001 to supersede its “Basic Standard of Accounting for Business Enterprises?”
A. Increase harmonization of accounting standards. B. Improve comparability of accounting statements. C. Make financial reporting distinct from taxation. D. All of the above