Decisions of Accounting Standards and Discussions of Collective Choice under Visual Angle of Public Management
Author(s)
Wenmiao Zhang*
Affiliation(s)
Finance and Taxation College, Shandong University of Finance and Economics, Jinan, China.
Finance and Taxation College, Shandong University of Finance and Economics, Jinan, China.
ABSTRACT
Accounting standards are integral components of economic policies; objectives of accounting standards reflect objectives of economic policies. Obviously, accounting standards play an indis-pensable role in promoting the orderly and stable development of the economy. This article expounds the relationship between different accounting standards and economic policies; accounting standards attribute and influence factors in the setting process of Chinese accounting standards. Under visual angle of public management, this essay analyses every relevant stakeholder’s influence degree and choice behavior in the setting process of accounting standards, especially the function and behavior of the government. The conclusion is that high-quality accounting standards can be formulated in the case of the government’s leading and other relevant stakeholder’s common participation. Only in this way can we work out the optimal accounting standards for Chinese situations.
Accounting standards are integral components of economic policies; objectives of accounting standards reflect objectives of economic policies. Obviously, accounting standards play an indis-pensable role in promoting the orderly and stable development of the economy. This article expounds the relationship between different accounting standards and economic policies; accounting standards attribute and influence factors in the setting process of Chinese accounting standards. Under visual angle of public management, this essay analyses every relevant stakeholder’s influence degree and choice behavior in the setting process of accounting standards, especially the function and behavior of the government. The conclusion is that high-quality accounting standards can be formulated in the case of the government’s leading and other relevant stakeholder’s common participation. Only in this way can we work out the optimal accounting standards for Chinese situations.
KEYWORDS
Public Management Theory, Accounting Standards, Stakeholders, The Government, Collective Choice, Public Choice Theory, Policy Analysis Theory
Public Management Theory, Accounting Standards, Stakeholders, The Government, Collective Choice, Public Choice Theory, Policy Analysis Theory
Cite this paper
Zhang, W. (2014) Decisions of Accounting Standards and Discussions of Collective Choice under Visual Angle of Public Management. Open Journal of Social Sciences, 2, 195-201. doi: 10.4236/jss.2014.211025.
Zhang, W. (2014) Decisions of Accounting Standards and Discussions of Collective Choice under Visual Angle of Public Management. Open Journal of Social Sciences, 2, 195-201. doi: 10.4236/jss.2014.211025.
References
[1] Yang, X.Y. (2001) The Theory of Cultural Differences between China and the United States and the Establishment of Accounting Standards in China. Journal of Shandong University of Finance, 56, 75. [2] Chen, H.H. (2003) The Stakeholder Theory and Empirical Research of Enterprises. The Dissertation Library, 95-96. [3] Wang, Y.C. (2004) Accounting Standards Guide and Profit Manipulation of Listed Company. The Dissertation Library, 8. [4] Lin, Z.G. and Xu, H. (2007) Accounting Standards Research: Character Setting and Enforcement. Economic Management Press, Beijing.
[1] Yang, X.Y. (2001) The Theory of Cultural Differences between China and the United States and the Establishment of Accounting Standards in China. Journal of Shandong University of Finance, 56, 75. [2] Chen, H.H. (2003) The Stakeholder Theory and Empirical Research of Enterprises. The Dissertation Library, 95-96. [3] Wang, Y.C. (2004) Accounting Standards Guide and Profit Manipulation of Listed Company. The Dissertation Library, 8. [4] Lin, Z.G. and Xu, H. (2007) Accounting Standards Research: Character Setting and Enforcement. Economic Management Press, Beijing.