Accounting, Accounting Education, and Economic Reform in the People’s Republic of China

Chan, M. W. Luke; Rotenberg, Wendy

doi:10.1080/00208825.1999.11656770

Cited by 28 publications

(31 citation statements)

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“…Prior to 1911, Chinese accounting systems were dominated by a single entry record, or named cash-based record method, which was based on the movement of money or physical goods. Following by the revolution in 1911 , western accounting and auditing theories were officially brought to China (Chan and Rotenberg 1999). In the early 1920s, the increasingly number of accounts received accounting education from western countries returned to China, and double-entry bookkeeping method was used by many companies.…”

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“…Introduction Many existing studies have reviewed Chinese accounting systems under the impact of different economic structures (Child and Lu 1990;Winkle et al 1994;Tang 1997;Bing 1998;Chan and Rotenberg 1999;Lin et al 2001;You and Luo 2009). Few studies, however, have looked at the impact of political and cultural ideologies on accounting systems.…”

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“…In the early 1920s, the increasingly number of accounts received accounting education from western countries returned to China, and double-entry bookkeeping method was used by many companies. The western accounting systems were dominant in Chinese companies until 1949, the establishment of the People's Republic of China (Chan and Rotenberg 1999).…”

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Exploring hegemonic change in China: a case of accounting evolution

Cortese

Zhang

2013

Asian Review of Accounting

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This paper uses Gramsci's concept of hegemony to investigate periods of leadership and accounting change throughout Chinese history. In particular, this paper provides an understanding of how accounting systems have changed across four distinct periods of hegemonic leadership in China: the Confucian tradition, the rise of the socialist system followed by the Cultural Revolution under the Maoist era, and the move towards the socialist-market system in the Dengist era. This paper shows how political leaders in these different time periods effectively achieved leadership by destroying an existing hegemony, creating a new ideology, and implanting this into people's daily lives in order to successfully mobilise their ideological systems. Consistent with changes in leadership, Chinese accounting systems are shown to have responded to hegemonic shifts across these periods. This paper contributes to understandings of Gramsci's concept of hegemony, explanations of, and motivations for, accounting change, and provides an insight into the evolution of accounting systems throughout time in the context of China. AbstractThis paper uses Gramsci's concept of hegemony to investigate periods of leadership and accounting change throughout Chinese history. In particular, this paper provides an understanding of how accounting systems have changed across four distinct periods of hegemonic leadership in China: the Confucian tradition, the rise of the socialist system followed by the Cultural Revolution under the Maoist era, and the move towards the socialist-market system in the Dengist era. This paper shows how political leaders in these different time periods effectively achieved leadership by destroying an existing hegemony, creating a new ideology, and implanting this into people's daily lives in order to successfully mobilise their ideological systems. Consistent with changes in leadership, Chinese accounting systems are shown to have responded to hegemonic shifts across these periods. This paper contributes to understandings of Gramsci's concept of hegemony, explanations of, and motivations for, accounting change, and provides an insight into the evolution of accounting systems throughout time in the context of China.

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Exploring hegemonic change in China: a case of accounting evolution

Cortese

Zhang

2013

Asian Review of Accounting

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“…In particular, the financial reporting practices were far from satisfactory in the period in which they were testing since the accounting and information disclosures of Chinese listed companies diverged substantially from the international norms, and the Chinese stock market was less standardized at its initial stage (Chan & Rotenberg, 1999). For instance, Abdel-Khalik et al (1999) indicated that public information could be found for less than 25% of the listed A-share companies in 1993 and for only 2% of the listed B-shares companies.…”

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confidence: 97%

“…In particular, financial reporting and information disclosure is underdeveloped compared with the standards in most industrialized countries. A major problem lies in the lack of transparent and reliable accounting information to assist investors and other market participants to effectively make decisions (Chan & Rotenberg, 1999;Aharony, Lee, & Wong. 2000).…”

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confidence: 99%