Research On Financial Report

If we look on Financial Report as an information system, we must deal with the way of supplying information to outer system. Financial Report is the key question of this paper. During the development of accounting, the using frequency of "Financial Report" is higher and higher. In essence, Financial Accounting is just the external accounting whose center is Financial Report. Under the market economy, especially with the development of securities market, the information of Financial Report becomes the focus of making capital market and deploying resource effectively. So, Accounting, especially Financial Report, is facing a great change in the recent 30 years.The theory research of Financial Report is an important part of accounting theory, so the research of theory of Chinese and foreign Financial Report will help our country build up accounting theory based on China and make international coordination on the basis of high quality and strict requirement.The traditional Accounting Statements finish their historical duty of publishing true and fair financial information in the past long river of history. But in the 21s century, it is an age of information exploding and knowledge based economy, so the model of the traditional Financial Report can't keep up with the pace of it, which publishes financial information lack of correlation. So, the saying of reforming Financial Report is on the rising .We think that Financial Report should face the new era's challenge, break the model of traditional Financial Report and supply the higher quality and more valuable financial information. High quality statements, which are of full disclosure and fair, may be the common require of 21st century Financial Report statements.The aim of this paper is to point out the limitation, to put forward with the improvement and to prospect the developing tendency of Financial Report on the base of analyzing the facts influencing it.Firstly, this paper dates back the history of Financial Report, sets forth the development of Financial Statements and contrasts the different definition of Financial Report between china and other countries. Based on above, we have a very clear recognition of Financial Report, introduce two schools of Financial Report's aim and make an analysis between them. In the meantime, this paper gives my ideas of the Financial Report's aim by concluding the accounting circles', and then, analyzes the facts influencing Financial Report. Lastly, this paper makes a tendency prospect of the future development of Financial Report by virtue of the present analysis and using the foreign improvement for reference.