On the public choice in the choice of accounting policies

s: The accounting policies of the firms are the sp ecific accounting principles, base ,convention, rules when the financial figures are draw up.Enterprise shall choose their financial policies which are consider ed most appropriate to present fairly the financial statements of the enterprise . The public goods characteristics of accounting information and accounting stan dards decide that the choices of accounting policies must be a social public cho ice. Every social groups do their best to maximize their own benefit in course of selection of accounting policies, so the choice of accounting policies become a lots of games and contests with economic benefit and political consequence.