%0 Journal Article
%T The Latest Progress of the Conceptual Framework
%A Ting Shang
%J Modern Economy
%P 694-699
%@ 2152-7261
%D 2015
%I Scientific Research Publishing
%R 10.4236/me.2015.66065
%X During the past 30 years, the worldĄŻs economy developed rapidly, but the
formulation of accounting standards often could not keep up with the pace of
economic development as the continuous innovation of financial instruments or
derivatives financial instruments, the increasingly frequency of unconventional
activities such as merger, acquisition and restructuring, the rapid flowing of
global capital, and the development of networking, information science and
technology. Thus the lagging and patching method of accounting standards made
the conceptual framework which was ever explored in the past back to the IASB
agenda again. This paper mainly described the latest progress of the conceptual
framework after IASB released Discussion Paper, analyzed the characteristics of
the restatement of CF, and proposed several thoughts for the China CF and
accounting standards.
%K Conceptual Framework
%K Discussion Paper of CF
%K Tentative Conclusions of Exposure Draft of CF
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=57138