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Opinion on the Accounting Reform in China under the Background of “Belt and Road” Initiative

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DOI: 10.23977/emsshr.2019.080

Author(s)

Li Zhiying

Corresponding Author

Li Zhiying

ABSTRACT

In the process of enterprise development, accounting has an important impact, and a scientific and standardized accounting model can ensure the correctness of corporate decision-making. Under the “Belt and Road” Initiative, the requirements for accounting in financial cooperation and industrial cooperation have also changed. The original accounting model can no longer meet the needs of social and market development. In order to ensure the correctness of enterprise decision-making, it is necessary to reform and optimize the accounting model and improve the accounting function. This paper analyses the meaning of “Belt and Road” and studies the accounting changes in China under the “Belt and Road” Initiative.

KEYWORDS

Belt and Road, strategy, China, accounting reform

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