Empirical Study On Quality Of Accounting Earning Of China Listed Companies

China's securities market ,which has come into elementary scale, has been experiens for ten years.Especially the impelement of the security law and revised the accounting law, brought into effect on July 1,1999 and July 1,2000 respectively, is the symbol of its marching to legality and standardization.At the same time,it possesses some particularities compared with the developed ones(like American and Japan )and the developing ones (like Hongkong and Korea),including the serious manipulation behavior of accounting income.The above shows that the behavior of participants needs to be stipulated and the market need to be consummated and developed because it is yet in the paimary phase.The contemporary model of accounting earning that based on accrual basis for accounting and historical-cost system is hard to show the level of accounting earning's quality.First, this paper is focused on the characteristic of accounting earning's quality.Follow by the analysis is the theoretical foundation and characteristic of cash flow.The relation between accounting earning and cash flow has great significance to appraise the quality of accounting earning.My thesis,based on the present stock market,is an empirical research.It reviews the quality of accounting earning of listed companies,by analyzing the relation between the Net Earning in Accounting and Cash Flow Data from operating activities.Unviels the existence manipulating accounting earning throungh empirical methods.What discussed is to probe into the approach of finding the manipulation behavior of accounting earning of listed companies from the point of view of cash flow.