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2003•The Study of Finance and EconomicsRequires access

On Objectives of China's Financial Accounting

Cao Wei

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Abstract

To establish tight financial accounting conceptual framework, it is essential to distinguish the objectives of financial statements from that of financial reporting and financial accounting. We should set up the objectives of financial statements with evaluating the accountability, and set up the objectives of financial reporting and financial accounting with usefulness of policy decisions. The objectives of financial statements may be defined as follows:it provides information about the financial position,operating results and cash flow for outsiders of an enterprise.

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What this paper is about

To establish tight financial accounting conceptual framework, it is essential to distinguish the objectives of financial statements from that of financial reporting and financial accounting. We should set up the objectives of financial statements with evaluating the accountability, and set up the objectives of financial reporting and financial accounting with usefulness of policy decisions. The objectives of financial statements may be defined as follows:it provides information about the financial position,operating results and cash flow for outsiders of an enterprise.

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Available abstract

To establish tight financial accounting conceptual framework, it is essential to distinguish the objectives of financial statements from that of financial reporting and financial accounting. We should set up the objectives of financial statements with evaluating the accountability, and set up the objectives of financial reporting and financial accounting with usefulness of policy decisions. The objectives of financial statements may be defined as follows:it provides information about the financial position,operating results and cash flow for outsiders of an enterprise.

Key concepts: Accounting management, Financial ratio, Financial accounting, Accounting, Financial analysis, Business, Position (finance), Accounting information system

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