Accounting in China

This thesis is focused on the financial laws of the People's Republic od China.This thesis is divided into four parts.The first part of my work concerns the development of accounting in China, which is connected with the history of China.The second part, we briefly explain the basic standards for the regulation of accounting in China and how the law defines accounting. The third part deals specifically with accounting regulations in China are governed by accounting standards and the Accounting Act. The last part deals with the financial statements, its form and the various elements relating to the financial statements. The aim of this work is a clear picture of the accounting system in China