Impacts of accounting standards internationalization on accounting information

New Chinese Accounting Standards for Business Enterprises has realized Internationalization essentially in reporting aim, accounting affirmation, measurement and reporting. This article makes statistical analysis on the 2005 annual reports of 86 listed companies which issue both A shares and B shares. By comparison of accounting policy differences between current CAS and IFRS, the paper forecasts the. change of standards like business combination, borrowing expenses, government subsidy and income tax will have great impacts on net profits and net assets of listed companies.