The aim of this paper is to analyze the implementation level of International Public Sector Accounting Standards （IPSAS） in the member states of the European Union （EU）. After an introduction of the legislative fr...The aim of this paper is to analyze the implementation level of International Public Sector Accounting Standards （IPSAS） in the member states of the European Union （EU）. After an introduction of the legislative framework in the EU and a review of the literature about the implementation of IPSAS in the EU member states, this paper classifies, on the basis of a survey, the states according to their formal implementation levels of IPSAS. It also analyzes the types of accounting （cash basis accounting, modified cash basis accotmting, accrual accounting, and modified accrual basis accounting） used by the states studied. The survey shows that there are important disparities among the member states, both for the application of IPSAS and for the type of accounting that is used. Furthermore, it appears that even if IPSAS is not legally adopted in most European member states, there is a tendency to use modern accounting systems based on accrual accounting close to IPSAS.展开更多
The continued devaluation of the renminbi（yuan）,China＇s legal tender,has sparked concerns both in China and abroad.The depreciation trend that started in August 2015 hasn＇t shown any signs of reversing,but as a ma...The continued devaluation of the renminbi（yuan）,China＇s legal tender,has sparked concerns both in China and abroad.The depreciation trend that started in August 2015 hasn＇t shown any signs of reversing,but as a matter of fact,the depreciation of the yuan is an inevitable outcome of its internationalization,China is moving to turn the yuan into a global currency.展开更多
文摘The aim of this paper is to analyze the implementation level of International Public Sector Accounting Standards （IPSAS） in the member states of the European Union （EU）. After an introduction of the legislative framework in the EU and a review of the literature about the implementation of IPSAS in the EU member states, this paper classifies, on the basis of a survey, the states according to their formal implementation levels of IPSAS. It also analyzes the types of accounting （cash basis accounting, modified cash basis accotmting, accrual accounting, and modified accrual basis accounting） used by the states studied. The survey shows that there are important disparities among the member states, both for the application of IPSAS and for the type of accounting that is used. Furthermore, it appears that even if IPSAS is not legally adopted in most European member states, there is a tendency to use modern accounting systems based on accrual accounting close to IPSAS.
文摘The continued devaluation of the renminbi（yuan）,China＇s legal tender,has sparked concerns both in China and abroad.The depreciation trend that started in August 2015 hasn＇t shown any signs of reversing,but as a matter of fact,the depreciation of the yuan is an inevitable outcome of its internationalization,China is moving to turn the yuan into a global currency.
