Accounting With Heart : China's Role in International Finance and Business

212 Pages·2010·0.986 MB·English

by  Jun, Wang

CONTENTS
FOREWORD
INTRODUCTION
Chapter 1: Recharging Yourself to Face the Challenge
PEKING UNIVERSITY: A DREAM SHARED BY FATHER AND
DAUGHTER
MOLDING AND CREATING: “THE COMPANY OF VIRTUOUS
PERSONS ENHANCES THE INTELLECT”
RETURN TO THE FURNACE: “REVIEW THE OLD TO LEARN THE
NEW”
TO STUDY, ONE MUST UNDERSTAND THE METHOD OF INPUT
AND OUTPUT
TACKLING KEY ISSUES: HEAVEN REWARDS THE DILIGENT
THERE IS NO END TO LEARNING AND WE SHOULD CHERISH
TIME
THEFUTURE:AMANOFNOBLECHARACTERFINDSSTRENGTH
WITHIN IN THE COURSE OF VICISSITUDES
Chapter 2: “Uphold Morality on Strong Shoulders and Create Brilliant
Writings with a Fine Hand”
TO ENSURE THE SUCCESS OF THE ACCOUNTANCY
PROFESSION, WORK FOR THE URGENT IMPLEMENTATION OF
THE ACCOUNTING TALENT STRATEGY
THE ACCOUNTING TALENT STRATEGY: AN ESSENTIAL
PATHWAY TOWARD ECONOMIC AND SOCIETAL
DEVELOPMENT
IMPLEMENTING THE ACCOUNTING TALENT STRATEGY IS AN
IMPORTANT FOUNDATION FOR IMPROVING ENTERPRISE
MANAGEMENT AND ADMINISTRATION AND FOR IMPROVING
CORE COMPETITIVENESS
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IMPLEMENTING THE ACCOUNTING TALENT STRATEGY IS AN
OBJECTIVE REQUIREMENT FOR ADAPTING TO THE
GLOBALIZATION OF THE ECONOMY AND THE
INTERNATIONALIZATION OF ACCOUNTING
FULLY DEVELOP CHAMPIONS OF ACCOUNTANCY, WITH THE
BUILDING OF ABILITIES AS THE CORE, AND THE BUILDING OF
NEW SYSTEMS AS THE BASIS
Chapter 3: Making Your Writings More Citable and Your Students More
Useful to Society
DILIGENT REMINDERS AND CONSTANT CORRECTIONS
TAKING A BIRD’S-EYE VIEW AND CHECKING THE REAR VIEW
INDEPENDENT INNOVATION
MAINTAINING YOUR PASSION
HOW TO NURTURE LEADERS
LIBERAL EDUCATION
STRENGTHEN MANAGEMENT
Chapter4:HonestyistheCoreofIntegrity;AwakeningisthePrerequisite
to Achievement
TAKING STOCK AND RAISING AWARENESS
ENHANCING TRAINING FOR LEADERSHIP AND RAISING
TALENT BUILDING TO A NEW PHASE
Chapter 5: Innovative Thinking and the Pursuit of Excellence
FROM MANAGER TO LEADER
THE PURSUIT OF EXCELLENCE: FROM LEADER TO
POLICYMAKER
Chapter 6: A Good Essay is the Result of Good Subject Matter; Steady
Progress is the Result of Strong Resolve
Chapter 7: Studying Philosophy: Clear Directions at a Glance
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THE AFFINITY BETWEEN ACCOUNTING AND PHILOSOPHY
WHY DO WE EMPHASIZE THE NEED TO STUDY PHILOSOPHY?
HOW TO MASTER PHILOSOPHY
HOW TO APPLY PHILOSOPHY EFFECTIVELY
Chapter 8: Studying Classics for Enlightenment
WHAT ARE THE CLASSICS?
WHY IT IS IMPORTANT TO STUDY CLASSICS
HOW TO STUDY CLASSICS
WHAT CLASSICS ARE TO BE STUDIED AND APPRECIATED?
HOW TO USE CLASSICS
APPENDIX
INDEX
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Copyright © 2010 Wang Jun
Published in 2010 by John Wiley & Sons (Asia) Pte. Ltd.
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Library of Congress Cataloging-in-Publication Data
ISBN 978-0-470-82570-9 (Paperback)
ISBN 978-0-470-82601-0 (Hardback)
Typeset in 10.5/13pt Sabon-Roman by Thomson Digital
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FOREWORD
OnbehalfoftheAssociationofCharteredCertifiedAccountants(ACCA),
I am delighted to congratulate Dr. Wang Jun on his first international
publication, whose inspiring writings deserve a wider audience.
As Vice Minister of Finance, Wang Jun has played an historic part in the
development of the Chinese accountancy profession. In 1988, he took a
leading role in the creation of the Chinese Institute of Certified Public
Accountants(CICPA),markingthebeginningofaneweraforthenation’s
profession. Since then, through promoting convergence between Chinese
and international accounting standards, Wang Jun has enabled the
accountancy profession in China to take its rightful place on the global
stage. By advocating the importance of sharing a common understanding
of accounting language and principles, he has made a profound
contributiontoChina’sinternationalstandingandthesuccessandstability
of its economy.
In 2008, ACCA was honored to pay tribute to two decades of remarkable
achievement by CICPA and pledge its continued support for the Chinese
profession, the Ministry of Finance and influential leaders such as Wang
Jun under the theme of Partners in Progress. To coincide with the
publication of this volume, ACCA is recognizing Wang Jun’s personal
contribution to this effort with a unique “Outstanding Innovation and
Leadership Award.”
Athinkeraswellasamanofaction,WangJunisrightlycelebratedacross
China for the range of his vision and the poetry of his words.
Inthewesternworld,theexaminationofbusinessandfinancecanoftenbe
a dry exercise. Wang Jun shows, through this extraordinary collection of
writings, both the breadth of his world view and the connections which
surely exist between finance, the arts, spirituality and culture. His is a
visionary voice, which takes the reader beyond the normal realm of
finance discourse.
As the global economy develops, new models for growth and economic
sustainabilityhaveemerged.China’sastonishingsuccessisanoutstanding
example of what is a new world order. In understanding the contribution
thatChina’saccountingprofessionhasmadetoitsextraordinaryeconomic
progress, Wan Jun’s writings are a fascinating place to begin.
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Helen Brand
Chief Executive
Association of Chartered Certified Accountants
WangJun,inhisroleasChina’s Vice Minister ofFinance inrecent years
and as Secretary-General of the China Accounting Standards Committee,
has been at the center of his country’s remarkable advances in financial
reporting and accounting.
It has been my pleasure, as Chairman of the International Accounting
Standards Board (IASB), to get to know Wang Jun both personally and
professionally.
Serious contacts between our two organizations began over four years
ago. By that time China had already embarked on a path towards
convergence of its own accounting standards for business enterprises and
the IASB’s International Financial Reporting Standards (IFRSs). In the
previous year China had published exposure drafts of a general basic
standard and 20 specific standards and had begun a review of its existing
16standards.AseriesofmeetingsbetweenIASBstaffandtheMinistryof
Finance was followed by a high level meeting in Beijing, co-chaired by
Wang Jun and myself, in November 2005. The meeting was attended by
leadingChineseofficialsandbythreeotherIASBmembersandtwoIASB
directors. At the meeting the IASB team applauded and expressed our
sincere admiration for the enormous progress already made towards
convergence, and agreed to assist China in its work on convergence. For
its part China agreed to assist the IASB in researching and developing
recommendationsonanumberofaccountingissuesthatwereofparticular
relevance to that country’s unique circumstances and environment.
I am happy to record that since that meeting the IASB has continued to
strengthen its ties with China and to move forward in a spirit of
cooperation with the Chinese accounting community.
As Wang Jun appreciates very well, accounting standards are only one of
theessentialelementsinestablishingamoderneconomywithintheglobal
marketplace. Standards will have no effect unless they have the support
andunderstandingofawell-trainedaccountingprofession,inspiredbythe
highest professional ideals and skills and able to ensure that standards are
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applied thoroughly and consistently. I have observed with admiration the
energy and determination with which the Ministry of Finance, under
Wang Jun’s wise leadership, has promoted the development of such a
cadre of professionals.
If China, rapidly becoming one of the world’s leading economies, is now
equipped with the accounting tools and skills to take its rightful place on
theglobalbusinessstage,itislargelyatributetothevisionandleadership
of my colleague Wang Jun. I am delighted that the publication of this
book will enable an international audience to hear him speak for himself.
David Tweedie
Chairman
International Accounting Standards Board
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