Be it for tax filing, regulatory compliance or internal tracking purposes, accounting is an important part of any business. This is as true for a business in China as it is anywhere else.
Relative to most of the world however, China has only recently embraced the market economy, and with that the practice of accounting. For this reason, some of the accounting and bookkeeping practices that are an everyday occurrence in China may seem unusual to foreign investors new to the country.
Despite these remaining idiosyncrasies, China has come a long way in converging its accounting standards with international practice. This significantly simplifies the integration of a foreign investor’s Chinese subsidiary into its multinational group of companies.
In this helpful guide you will learn:
- “Accounting” for Differences in China’s Financial Reporting
- Foreign Currency Accounting in China
- The Benefits of Outsourced Accounting in China
Click here to download the full report, Managing Your Accounting and Bookkeeping in China.
Originally published by Dezan Shira & Associates, a fellow LEA Global member.