Thursday, April 30, 2020

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Author : Allen Huang
Publisher : World Scientific Pub Co Inc
Total Pages : 122

The history of the Peoples Republic of China can be classified into two distinctive periods: Maos China (1949OCo1978) and Dengs China (from 1979 to the present). Each period contains a number of sub-periods or phases, and each phase is characterised by one or more major political or economic events. This book gives an outline of the major events and the associated accounting changes over time. During the period of Maos rule, China experienced two violent political mass movements, which inflicted great suffering on the nation. There were few accounting developments in this period. In contrast, Dengs China set itself the ambitious task of transforming the centrally planned and centrally controlled economy into a market economy OC with Chinese characteristicsOCO. There has been an accompanying development in Chinese accounting, in which its key role of serving the Governments planning and control needs is transformed into serving the information needs of decision-makers in the market-place. The economic reform in Dengs China has made considerable progress, which is particularly evident in the urban and coastal regions. The transition from a planned economy to a market economy is incomplete and certain vexatious problems have yet to be resolved. The resolution of the state owned enterprise reform issues will set a precedent for the further reform of Chinese accounting. Contents: Brief History of Accounting in China up to 1949; Accounting in Maos China: Establishment Phase: 1949OCo1957; Great Leap Forward: 1958OCo1962; Recovery Phase: 1963OCo1965; Cultural Revolution: 1966OCo1978; Accounting in Dengs China: Political Scene in Dengs China; Initial Economic Reform: 1978OCo1984; Planned Commodity Economy: 1984OCo1991; Socialist Market Economy Since 1992; Towards a Successful Outcome for SOE Reform. Readership: Undergraduate and graduate students, academics, businessmen and readers with an interest in Asian economic and financial affairs."





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