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Compare China and Japan in Accounting Standard and Recent Events, Which country is drifting further from Confucianism

Introduction
Chinese and Japanese accounting system has been influenced by Confucianism long time ago, but Bloom and Solotko(2003) proposed that because of the role of the government in the accounting system, both countries China and Japan has went far away from the Confucianism. In this report, the researchers will compare the accounting regulation and corporate governance in both countries, and get the conclusion which country is drifting further from the Confucian origins.
This report has been divided into four parts. The first part will talk about the definition of the Confucianism and the implication of the Confucianism to both countries China and Japan. The second part is going to discuss the relationship between China accounting system and Confucianism; the third part will focus on the relationship between Japan accounting system and Confucianism. The last pat will compare the two accounting systems, and meanwhile get the conclusion which country has went further from the Confucianism.

Definition of Confucianism
Confucianism was founded by Confucius who is the Chinese philosopher and the first raised the Master of Ceremonies. The master of ceremonies gradually developed into the ideological system, which the core is the benevolence, and it’s in the hierarchical structure of society over 2000 years (XingZhong 2000). It exerts a far-reaching influence in East Asia.
In order to establish a moral society, Confucius contended a hierarchical relationship that individuals should play the respective role of what they should be(Antony 1984). The main structure of Confucianism is ‘the three cardinal guides and the five constant virtues’ (San Gang Wu Chang). The three principles indicate the relationship between ruler and subject, father

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