The Research On Improvement Of Financial Reporting Of Enterprises In Our Country

Financial reports can reflect the company's financial condition, commercial result and cash flow roundly. So they are full of significance to both the company and the benefit related users. Financial reports don't exist independently but in a certain kind of accounting circumstance and at the same time the latter will change with the social environment. So in the view of relativity and development financial reports must adjust according to the social transformation otherwise what they provide will lose serviceability and pertinence.Along with the fast development of the socialism market economy in our country, the financial environment of enterprises has changed a lot. The financial reporting, as an important means of delivering information to society for enterprises, should reflect the financial situation of enterprises on time from and multi-channel, multi-respect and multi-angle. The current system of financial reporting, however, restricted by the traditional accounting theories system roughly, can't adapt to the evolution of the knowledge-based economy, can't satisfy the information users for their gradually diversified requirements in accounting information. Especially, the current market economy of socialism in our country is placed in still a gradually perfect with the stage of the evolution. There are many problems in our capital market that resulting in more defects, in the sake of scarcities of financial reporting itself and imperfection of policies. To improve the financial reporting in our country from the various outsets, set up the guarantee system of quantity of information disclosed by reporting has important and realistic significance to the healthy run of the capital market in our country.Of course we can not require the financial organizers rectify the financial reports at any moment which is uneconomical and unrealized. What we talk about the amelioration is to regulate them timely and with pertinence in a certain period. Thus we can resolve the problems duly and it accords with cost-benefit rule.This article's structure and content expand encircling financial improvement closely. This article starts from the summary of financial report and its historical development. It discusses all kinds of challenge which financial report has to face to, and points out the shortness of the existing report. And then dissertates the theoretical basis of financial reports (including financial reporting objective, characters of information quality, recognition basis and measurement properties). Finally on the basis of summarizing and evaluating a great lot of relative foreign literature, the author brings forward corresponding improvement suggestions of our country.