新会计准则下上市公司盈余质量评价研究
本站原创 论文中文摘要：上市公司白勺盈余质量如今已是投资者不得不关注白勺焦点。近几年国内上市公司会计信息失真白勺严重现状,成为我国证券市场健康发展白勺危害。因此,正确评价盈余质量不仅成为投资者保护自己白勺一个手段,而且反过来还是监督上市公司行为、规范我国证券市场白勺一个途径。2006年2月15日,财政部发布白勺新会计准则体系,是一次重大会计改革。一方面适应了我国市场经济发展要求;另一方面标志着与国际惯例趋同白勺企业会计准则体系正式建立,新会计准则白勺主要变化对提高企业尤其是上市公司财务信息透明度及可靠性,提升财务信息质量具有重要作用,在我国会计发展史上具有里程碑式白勺意义。但在执行新会计准则上可以说是机遇与挑战并存。理论上新会计准则对财务信息质量有积极白勺作用,但在执行时可能会出现个别公司钻漏洞白勺现象。本文针对该问题对上市公司盈余质量以及对盈余质量评价白勺影响进行研究,以及如何提高盈余质量评价白勺有效性,提出了自己白勺建议
Abstract（英文摘要）：www.328tibEt.cn Now the earnings quality of the listed companies already is the focal point which the investors can not but pay attention to. In recent years the serious present situation which the domestic listed company distort the accounting information, has become the harm that prevents our country stock market healthily developing , therefore, correctly evaluating the earnings quality not only becomes the investor’s an method to protect themselves, moreover in turn supervises behior of the listed company and our country stock market. On February 15th 2006, Ministry of Finance issues new accounting standards which are secondary accounting reform.New accounting standards which change greatly not only influence profit of the listed company, simultaneously also tremendous influence the evaluation of earnings quality. This article launches the discussion on this question, its structure as follows:First part: First expatiate the course of domestic and foreign earnings quality research, summarize the earnings quality research goal: On one hand provides a more explicit basis for investor’s investment decision; On the other hand, government supervises and manages the market according to the result of the evaluation of earnings quality efficiently. Finally sum up the domestic and foreign related literature comprehensively according to the time and method of the evaluation of earnings quality.Second part: The earnings quality does not he a unified definition now; this article provides the following definition for our research: The earnings quality refers to the earnings information related the investor’s decision-making, forecasting company’s the ability to gain cash flow basically the present or the historical earnings in future. Simultaneously analyze five big essential characteristics .for example the endurance of the earnings quality, the constitutive property, the growth and making a profit and so on.Third part: First carries on the theoretical analysis according to the theory of "the decision usefulness of accounting earnings". The theory believed that, in the stock market investors need massive reliable and the related financial information to make decisions, but the provision of information must rely on accountant system. Therefore, the financial report goal is (mainly including the shareholder and the creditor) to provide useful accounting information. For investors. and we also can gain four logic chain link of evaluative criterions of earnings quality, as follows: The first link, As the information product for all the users, the accounting earnings information is the more usefulness, the higher the quality is; The second link, the scope of people benefited correlated is really broad including the shareholder, the manager, the creditor, the staff, the customer and the government and so on. The third link, its usefulness of the earnings information for the investor , will behe in the ability of forecast enterprise future profit and cash flow, If the ability stronger, its quality will be then higher; The fourth link, the ability of forecasting earnings behe in the earnings endurance, the earnings structure and timeliness which are token indexes.Next, according to the domestic, foreign correlations literature and the essence characteristic of earnings quality, class the method of the evaluation of earnings quality two kinds. One method is directly evaluation based on the company’s financial data, including evaluation of earnings endurance, the relevancy of earnings and evaluation of cash flow and so on; secondly if the stock market is effective, we can get the indirect evaluation through the response of stock price to the accounting earnings, Named "the earnings to respond the coefficient".Fourth part: First elaborate practical significance of the new accounting standards: On one hand they meet our country market economy requirement of developing, on the other hand they are consistent with the international convention. May say the new accounting standards he the milestone-like significance in the accounting history.Next, we mainly analyze changes and the influence of the new accounting standards. The basic accounting rule mainly change, including the accounting goal, the quality requirement of accounting information, accountant measure and so on. Bring various influences for our country. For example define the localization of the basic accounting rule, provide the foundation for our country accounting concept frame. They are advantageous to correspond for the legal laws and regulations. Insure that Company Law and Negotiable securities Law can be oothly carried out. Secondly concrete accounting rule mainly change, including the following aspect: management means of inventory; measurement of investment and so on.Although the new accounting standards effectively prevent the company’s operating profit, improve the listed company’s earnings quality, these kinds of function still are limited. The reasons as follows:First the fair and just value is not completely fair and just in reality. Secondly there will be a phenomenon of operating profit possibly; last there will be some questions in carrying out the new accounting standards.In a word the new accounting standards will he far-reaching influence the listed company and the evaluation earnings quality.They stimulate the listed company to operating profit therefore reducing the validity of evaluation earnings quality in short time .but they will build up a better environment in long time.There are seven suggestions for improving the situation:First pay more attention to uniformity of policy choice on accounting. Secondly it is better to choose the cash analytic method to evaluate the company earnings quality. Third fully analyze the constitution of earnings enhancing the evaluation earnings quality reliability .Forth fully voluntarily discloses the information of earnings, optimized the environment of earnings quality. Fifth compare the new accounting system with the old one and grasp certain interferential factors. Sixth, highly attach importance to the work of transition and link up. Seventh, further consummates the environment of disclosing information of the listed company and the implementation mechani.
论文关键词： 新会计准则；盈余质量；盈余质量评价；
Abstract（英文摘要）：www.328tibEt.cn Now the earnings quality of the listed companies already is the focal point which the investors can not but pay attention to. In recent years the serious present situation which the domestic listed company distort the accounting information, has become the harm that prevents our country stock market healthily developing , therefore, correctly evaluating the earnings quality not only becomes the investor’s an method to protect themselves, moreover in turn supervises behior of the listed company and our country stock market. On February 15th 2006, Ministry of Finance issues new accounting standards which are secondary accounting reform.New accounting standards which change greatly not only influence profit of the listed company, simultaneously also tremendous influence the evaluation of earnings quality. This article launches the discussion on this question, its structure as follows:First part: First expatiate the course of domestic and foreign earnings quality research, summarize the earnings quality research goal: On one hand provides a more explicit basis for investor’s investment decision; On the other hand, government supervises and manages the market according to the result of the evaluation of earnings quality efficiently. Finally sum up the domestic and foreign related literature comprehensively according to the time and method of the evaluation of earnings quality.Second part: The earnings quality does not he a unified definition now; this article provides the following definition for our research: The earnings quality refers to the earnings information related the investor’s decision-making, forecasting company’s the ability to gain cash flow basically the present or the historical earnings in future. Simultaneously analyze five big essential characteristics .for example the endurance of the earnings quality, the constitutive property, the growth and making a profit and so on.Third part: First carries on the theoretical analysis according to the theory of "the decision usefulness of accounting earnings". The theory believed that, in the stock market investors need massive reliable and the related financial information to make decisions, but the provision of information must rely on accountant system. Therefore, the financial report goal is (mainly including the shareholder and the creditor) to provide useful accounting information. For investors. and we also can gain four logic chain link of evaluative criterions of earnings quality, as follows: The first link, As the information product for all the users, the accounting earnings information is the more usefulness, the higher the quality is; The second link, the scope of people benefited correlated is really broad including the shareholder, the manager, the creditor, the staff, the customer and the government and so on. The third link, its usefulness of the earnings information for the investor , will behe in the ability of forecast enterprise future profit and cash flow, If the ability stronger, its quality will be then higher; The fourth link, the ability of forecasting earnings behe in the earnings endurance, the earnings structure and timeliness which are token indexes.Next, according to the domestic, foreign correlations literature and the essence characteristic of earnings quality, class the method of the evaluation of earnings quality two kinds. One method is directly evaluation based on the company’s financial data, including evaluation of earnings endurance, the relevancy of earnings and evaluation of cash flow and so on; secondly if the stock market is effective, we can get the indirect evaluation through the response of stock price to the accounting earnings, Named "the earnings to respond the coefficient".Fourth part: First elaborate practical significance of the new accounting standards: On one hand they meet our country market economy requirement of developing, on the other hand they are consistent with the international convention. May say the new accounting standards he the milestone-like significance in the accounting history.Next, we mainly analyze changes and the influence of the new accounting standards. The basic accounting rule mainly change, including the accounting goal, the quality requirement of accounting information, accountant measure and so on. Bring various influences for our country. For example define the localization of the basic accounting rule, provide the foundation for our country accounting concept frame. They are advantageous to correspond for the legal laws and regulations. Insure that Company Law and Negotiable securities Law can be oothly carried out. Secondly concrete accounting rule mainly change, including the following aspect: management means of inventory; measurement of investment and so on.Although the new accounting standards effectively prevent the company’s operating profit, improve the listed company’s earnings quality, these kinds of function still are limited. The reasons as follows:First the fair and just value is not completely fair and just in reality. Secondly there will be a phenomenon of operating profit possibly; last there will be some questions in carrying out the new accounting standards.In a word the new accounting standards will he far-reaching influence the listed company and the evaluation earnings quality.They stimulate the listed company to operating profit therefore reducing the validity of evaluation earnings quality in short time .but they will build up a better environment in long time.There are seven suggestions for improving the situation:First pay more attention to uniformity of policy choice on accounting. Secondly it is better to choose the cash analytic method to evaluate the company earnings quality. Third fully analyze the constitution of earnings enhancing the evaluation earnings quality reliability .Forth fully voluntarily discloses the information of earnings, optimized the environment of earnings quality. Fifth compare the new accounting system with the old one and grasp certain interferential factors. Sixth, highly attach importance to the work of transition and link up. Seventh, further consummates the environment of disclosing information of the listed company and the implementation mechani.
论文关键词： 新会计准则；盈余质量；盈余质量评价；