Research Of External Financial Reporting Model From The Perspective Of Economic Mechanism

To look it historically, the thought and viewpoints of accounting researching methodology is a learning process that from one point to an entire area, from the shallow to deep. At present, the "information system" ism has been widely recognized by the accounting profession. However, the accounting goal theories constructed on it is still "the product of inductive method", lack a deductive premise. Moreover, the boundary of accounting information disclosure although contains three major market systems under the goal theory, but it mainly takes the securities' virtual capital markets as a start in practice. Aiming at the above issues, based on the economic mechanism, this article studies the boundary of accounting information disclosure and its expanding issues. And, mainly using the deductive method and according to the inherent logistic relationships between the elements of external accounting theory, this paper is trying to make a improvement for the present financial accounting conceptual framework. Looking from the history, the vicissitudes of economic mechanism system pattern has decided the historical path of the accounting model's vicissitudes; and, looking from the reality, any economic mechanism inherently has "the information quality" characteristic; Thus, accounting model may understand as a relatively independent information processing way under the economic mechanism, and, we can take the accounting information's economic mechanism attribute as the logistic start of accounting model's research to build the accounting information's value model. The external accounting goal under the market mechanism orientation pattern can be defined as the followings: its elementary object is to provide accounting information which is helpful for capital pricing; its specific objectives is contribute to:â‘ financing decision,â‘¡investment decision,â‘¢achieving the goal what is administering the moral hazard behavior and adverse selection behavior of the enterprise's and enterprise master's behavior,â‘£improving the owned capital's allocative efficiency and productivity efficiency; and, its ultimate objective is to promote the achievement of market mechanism's efficiency. Based on the market mechanism attribute of external accounting information's, its principal quality characteristic is "fair and just", and, under this framework, we can ulteriorly infer the external accounting information quality characteristic's structure. Based on the modern enterprise theory, the enterprise organizational mechanism in which "two powers" are not completely separated inherently has bigger weak-minded incentive cost. This is precisely the theoretical basis of pay report form information disclosure. According to the market price mechanism theory, the monopolistic market price mechanism inherently has the characteristics of enterprise organizational mechanism in which similarly exist the actual problem of a serious deficiency in "information content". This is precisely the theoretical basis of cost report form information disclosure.