Author(s)

Xiong Han ¹

Affiliation(s)

¹ Krirk University, Bunken District, Bangkok, 10220, Thailand

Corresponding Author

Xiong Han

ABSTRACT

With the rapid development of the modern financial system, the existing accounting system is facing many challenges, and it is urgent to keep pace with The Times to adapt to the new economic environment. This study analyzes the accounting problems existing in the current financial system, discusses the necessity of accounting system reform, and puts forward a series of specific reform suggestions. The research methods mainly include literature review, case analysis and expert interview, aiming to fully understand the operation status and problems of the accounting system in the modern financial system. The research results show that the current accounting system has deficiencies in information transparency, risk control, international compatibility and other aspects, and these problems directly affect the stability and development of the financial system. Therefore, the proposed reform measures mainly include strengthening the accounting information disclosure standards, optimizing the accounting regulatory framework, and promoting the promotion of international accounting standards. These reforms can not only improve the adaptability and integration of the accounting system, but also enhance the transparency and credibility of the financial market. Finally, this study puts forward strategic suggestions on how to implement these reform measures, hoping to provide a theoretical and practical reference for the future.

KEYWORDS

Reform of Accounting System; Modern Financial System; Transparency of Information; Risk Control; International Accounting Standards

CITE THIS PAPER

Xiong Han, A Study on the Accounting System Reform under the Modern Financial System. Accounting and Corporate Management (2024) Vol. 6: 134-139. DOI: http://dx.doi.org/10.23977/acccm.2024.060418.

REFERENCES

[1] Zeng Gang and Meng Guanghui. Improve the chattel financing system and build a modern financial system [J]. Contemporary financier, 2020, (02): 120-123.
[2] Zheng Bogu. The role of accounting standards for financial Instruments in the construction of modern financial system [J]. Contemporary Accounting, 2019,(8X): 3-4.
[3] Wang Yongqin, Liu Hongshao. Treasury bonds: the cornerstone of the modern financial system [J]. Bond, 2021, (09): 13-18.  
[4] Chen Daofu. Building Chinas modern financial system [J]. Northern Finance, 2020, (02): 3-7.

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