英文目录

Highlights in This Issue

Competence of accounting talents shall be greatly enhanced

Dr. Chen Yugui, Secretary General of CICPA, puts forward that competence of accounting talents can be summarized into three key elements, i.e. knowledge, skills and values. For accounting talents, the core skill is professional judgement, which means the ability to make professional decisions based on professional concepts, theories, logic and laws when facing economic facts, phenomenon and data. The values that guide accounting talents in their professional activities and judgement are professional values. These included: first, to put safeguarding public interest as the start point of conducting professional activities and making professional judgement; second, to adhere to the principles of integrity and due care and not to offer opinion without supporting facts and logic; third, to keep the life style of lifelong learning and present one’s opinion only  in  areas which one has expertise; fourth, to maintain an attitude of independence, objectiveness and fairness and not to accept professional assignments when independence is compromised.

ShineWing has made new progress in internationalization

According to the 2014 international ranking of accounting firms published by the official website of International Accounting Bulletin (IAB), ShineWing International ranks 19^th among all the networks surveyed. This is the highest position that Chinese brand accounting firms have ever reached. Beginning from 2005, ShineWing has gone with the trend of Chinese enterprises “going abroad” and strived to build itself into a well-respected Chinese firm with international reputation,  international vision , global service capability and one-stop service across borders. It aims to support Chinese enterprises going international, as well as foreign companies doing business in China. By establishing accounting firms and developing member firms step by step, ShineWing has extended its network to Asia and Australia which are the closest trading partners of China, such as the successful launching of member firms in Hong Kong, Singapore, Japan and Australia.

AICPA and CIMA make new progress in the research on management accounting theory system

Based on the Global Management Accounting Principles issued by AICPA and CIMA in October 2014, this article presents a detailed analysis on the objective and definition of management accounting, its four fundamental principles as well as application guidance of management accounting. It comes to the conclusion that the Global Management Accounting Principles is a major breakthrough and latest progress in the research on management accounting theory and application. As long as we draw on and absorb the proper part, the Principles will surely expedite the construction of management accounting system and its application in China, which will thereby improve the decision-making ability of management accounting and promote the quick transition and sustainable development of Chinese enterprises.