Optimization of Coordinated Water Resource Management in Beijing-Tianjin-Hebei Region from the Perspective of Water Accounting

Beijing-Tianjin-Hebei region is connected by geography and water veins with strong complementary advantages.The coordinated development of Beijing,Tianjin and Hebei is a major national strategy put forward by the Chinese government in the new historical period.However,Beijing,Tianjin and Hebei are faced with common problems such as water shortage,serious water pollution,over-exploitation of groundwater and fragile water ecology.The synergy governance of water resources is the basis and key issue behind the coordinated development of the tree areas.This paper analyzes the water problem in Beijing-Tianjin-Hebei region and the status of water resources accounting and discusses the basic ideas of inspecting water resources management and innovating water accounting system.In this paper,a fi ne,standardized,water accounting system is established,which is permitted for inter-sustainable use of water resources.On this basis,this paper proposes to keep in line with Australian water accounting standards and to establish General Purpose Water Accounting for disclosure of water accounting reports,based on accrual basis,so as to build a new mechanism of coordinated governance of Beijing-Tianjin-Hebei water resources.Finally,in order to demonstrate the optimization mechanism of Beijing-Tianjin-Hebei water resources coordinated management,this paper applies General Purpose Water Accounting to Beijing Waterworks Group Co.,Ltd.

The Impact of IFRS Convergence on the Effectiveness of Accounting Information for Share Valuation： Evidence from the Mainland of China

This study examines whether the reconciliation amounts between IFRS and PRC GAAP provide additional incremental value-relevant information. More specifically, it investigates whether firms applying IFRS experience an increase in the quality of accounting information in the post-IFRS convergence period. Results show that IFRS convergence increases the values of balance-sheet items and enlarges variation across firms. Moreover, there is no difference in the explanatory power of value relevance of accounting information under IFRS and PRC GAAP for share prices and returns of A-shares. The incremental value relevance analysis suggests that the IFRS adjustments to earnings are value relevant, whereas the adjustments to book values are not. The IFRS adjustments to change in inventory are value relevant for predicting future operating cash flows. Finally, accounting quality improved in post-convergence period. These results are robust after controlling for the unique characteristics of Chinese firms.