Accounting Credit Trends
Credit economy is a feature of the market economy.Credit economy heavily dependent on the formation of the integrity of accounting standards,and integrity of the accounting profession has to rely on workers in each accounting standards of professional ethics and moral decision-making capacity.In the mature Western market economy,enterprises trading of goods and services between the 70% is used in the credit settlement means,compared to cash settlement,the seller is more popular in the credit settlement.This reflects the sound credit system in Western countries; the other hand,illustrates the high level of integrity of the whole community,an important support which is good accounting professional ethics.