tag:blogger.com,1999:blog-6605604007532312210.post7797710609416912582..comments2024-01-14T01:21:39.198-07:00Comments on Accounting Principles: Do You Understand Chinese Accounting?Malcolm McKayhttp://www.blogger.com/profile/01453291711308683929noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6605604007532312210.post-20095930671398118992010-02-05T14:04:36.941-07:002010-02-05T14:04:36.941-07:00well, actually Chinese accounting is very much lik...well, actually Chinese accounting is very much like IFRS as they just copied a bunch of IFRS articles. Even if all these countries adopt IFRS, we wouldn't be able to understand all of them easily. The reason is quite obvious, IFRS leaves too much judgmental stuff to that country. It is highly possible that two countries are both using IFRS but actually there is quite difference in there if you dig into the details.<br />I personally don't think changing to IFRS for US is a good idea.Anonymousnoreply@blogger.com