zhou hua et al

SCHOOL of Business, Renmin University of China

　　bet365 live casino games Following The Outbreak of the Subprime Financial Crisis, InternetAl accounting Standards Came Under Heavy Fire for Being Strongly Pro-CyClickal. Under Those Standards, Financial Reporting Mixes Financial Statement Data with Financial Analysis Data, Seriously Weakening The Public Interest Function of Financial Reporting. An Analysis USIS FICTIOUS CAPIRY SHOWS that Fair Val Val Val Val UE Accounting and Asset Impairment Accounting Are Both Defective. In line with the principle of "Accounting Based on Legal Fact,"We user the method of" Historial Cost Accounting Plus Fair Value Disclossure " s in Financial Reporting. This is a viable Means of AppropriatEy RESOLVING The Contradiction BetWeen ENTERPRISE Financial Reporting Observes and ensuring that it account

　Keywords: InternetAl accounting stands, Fair Value, Fictitious Capital, Historial Cost, Legal Fact