Study On Accounting Information Quality Evalution For Power Grid Enterprises

In recent years, reserves in our country at the present stage of resources has been unable to meet the growing energy demand, in order to achieve the optimal allocation of resources, implementation of the development strategy of the smart grid, the strategic goal of building a modern enterprise group of world-class, State Grid need to change and innovate the management system of power grid, to adapt to the development needs of production. At the same time, the State Council recently released the opinions on the development of mixed ownership economy in state owned enterprises, put forward the specific methods of mixed ownership reform for Important communication infrastructure, main pipe network of oil and natural gas, grid, nuclear power and other six areas, indicating competitive business will develop in the field of electricity, oil and so on to promote the mixed ownership reform pilot demonstration. This represents a new round of reform and development opportunities in the power grid industry. From the macro level, the quality of accounting information disclosure is essential to the reform of the power system. Accounting information disclosure can effectively alleviate the information asymmetry and reduce the transaction costs, so as to promote the reform of the power grid enterprise. High quality accounting information can provide strong support to the reform of the electric power system and attractting the non state capital to provide strong support,and it is also necessary. From the point of view of microcosmic (enterprise), the high quality accounting information can provide reliable basis for the evaluation of the financial situation, the prevention of operational risks and the improvement of management. In order to improving the corporate governance structure, enhancing the control ability, improving the operational efficiency, power grid enterprises have a strong incentive to improve the quality of accounting information. Therefore, how to scientifically evaluate the quality of accounting information is the key to improve the quality of accounting information, and also the urgent need to solve the problem.Based on the northeast division of the company as study object, and according to the characteristics of power grid enterprises, financial intensification and financial information as the backing, according to the generation process of accounting information as the evaluation idea, the auditor uses the power grid enterprise accounting information and business information intensive integration to design a set of evaluation index ystem, in order to guide the power grid enterprise accounting work quality evaluation, through the evaluation results of power grid enterprise accounting information quality, the company evaluates financial department performance, the entrusted economic responsibility fulfillment, and establishes incentive constraint mechanism, promote the power grid enterprise to raise the level of internal management so as to improve the decision-making ability of enterprises, strengthen enterprise’s operating results, and improve the competitiveness of power grid enterprises continuously.The thesis can be divided into 8 parts:Part one, introduction. The paper firstly introduces the research background, reviews, goal and significance, research ideas and contents, methods and innovations. The paper reviews and comments on the research of accounting information quality and related evaluation. It not only contains general research on accounting information quality, but also includes specific research of State Grid.Part two, theoretical basis of accounting information quality research in State Grid. Firstly, the chapter expounds the basic concepts of accounting information, including the meaning of accounting information, accounting objective and accounting information quality characteristics.Then, the important role of accounting information disclosure is discussed in the application of contract theory, information asymmetry and effective market theory, so as to demonstrate the necessity of accounting information quality evaluation in the power grid enterprise. Last, this chapter analyzes the generation of accounting information in power grid enterprises with accounting information system theory and financial report supply chain theory, laying the foundation for the follow-up study.Part three, the theoretical framework of accounting information quality evaluation in State Grid. This part firstly discusses the elements mentioned during the process of accounting information quality evaluation. On the basis, it then studies the subject, aim, train of thought and principle of accounting information quality evaluation in State Grid, and construct the theoretical framework.Part four, assessment of accounting information generation process of power grid enterprises based on Northeast branch. The chapter uses northeast branch as the research object, comprehensively evaluates generation process, analyses the objects mentioned in the accounting information generation process of State Grid, makes clear the current situation and characteristics of the evaluation object, especially high risk points and control points, thus, lay the foundation on the construction of accounting information quality evaluation index system realistic in State Grid.Part five, the construction of accounting information quality evaluation index system. The chapter firstly chooses evaluation items according to the importance principle, and then, identifies the evaluation content and index aiming at the risks or distortion of evaluation items. On the basis, through a certain weight method, different levels of indices are formed the final evaluation index system, which is the process of constructing accounting information quality evaluation index system, meanwhile is the inner running mechanism of the evaluation.Part six, the implementation mechanism of accounting information quality evaluation in State Grid. This part studies the implementation of evalution from the perspective of evaluation procedure, evaluation results and application, etc, which is practice in guiding the evalution work.Part seven, the practice of accounting information quality evaluation of a power grid enterprise. In this chapter, the author uses the evaluation index system of accounting information quality to evaluate the power grid enterprise and draw the conclusions.Part eight, the suggestion, insufficient research and further prospects. This chapter puts forward the policies on the basis of previous studies. At the same time, it analyzes the shortcomings of the research and puts forward the further prospect.The innovation of this paper is to construct the accounting information quality evaluation system based on headquarters division integrated operation mode, so as to establish an accounting information quality evaluation system suitable for large state-owned enterprises to make some useful exploration, and through the field research on the provincial grid companies, the northeast division and the Northeast regional power supply company, the auditor explores new ideas of the establishment of accounting information quality evaluation system. Specific include:(1) innovation of the evaluation ideas. In order to enhance the enterprise’s overall management level, the evaluation of the quality of accounting information is regarded as a dynamic process, from the whole process of accounting information, the company evaluates the establishment and implementation of the process of each element or link, including business management, basic accounting work, risk monitoring, financial reporting and note, external audit and inspection, it is the evaluation of the whole process. (2) evaluation of the innovation index. in the environment background of the headquarters division integration mode of operation, with the financial intensification and financial information, the evaluation index is based on the intensive accounting information and business information fusion, which makes the evaluation of accounting information extend to all front companies, reflecting the business characteristics of the Power Grid Corp, it is more targeted and comprehensive. (3) evaluation of the innovation subject. From the point of view of enhancing the internal control level of the whole enterprise. internal mechanism, a mechanism to carry out independent accounting information evaluation, is familiar with the actual operation of the company at the same of keeping the relative independence, it also breaks through the accounting theory and accounting quality index model.