A Positive Study On Earnings Management By Using The Voluntary Accounting Policy Changes Of Listed Companies

Voluntary accounting policy change is among the core content of the research of positive accounting theory. Lots of fruitful studies have been made by overseas accounting scholars. However our country only just started in this aspect, has not been able to explain and to forecast accountant the practice aspect that had an achievement, Based on the above mentioned reasons, a series of theoretic and practical problems of earnings smooth, huge amount of write off and reverses losses were discussed in this paper by methods of theoretic analysis and empirical testing. Then, theoretic support and policy suggestions were provided for the supervision of stock market of Chinese listed companies.There are three parts in this paper. Corresponding contents and conclusions are as follows:First part of this paper includes chapter 1 and chapter 2. Among them, the research significance of this paper, the domestic and foreign present research situation, the research technique and the analysis frame and innovation spot of this article are discussed in chapter 1. 2nd chapter Voluntary accounting policy change is carried on the classification, and policy cost, debt contact, pay contact are analyzed under voluntary accounting policy change in chapter 2.Second part of this paper includes chapter 3, 4, and 5 and it is the core of this paper. In this part, through one controlled samples, the emergence by one cause matching of Chinese between research samples and listed companies' behaviors of income smoothing, huge amount of write off and reverses losses induced by policy-based factors were testified by methods of Wilcoxon signed-rank test and Logistic regression. The result shows that there exist behaviors of income smoothing, huge amount of write off and earnings management induced by policy-based factors in Chinese listed companies as a whole, under its mixed mode influence factor of income smoothing behavior includes political cost, debt contract, pay contract, deviation of income before policy change and anticipated income, deviation of report income and anticipated income;Under the sole way influence factors of Usingaccount receivable to carry on the voluntary accounting policy change in order to have the income smoothing behavior include pay contact, deviation of the income before the policy change and the anticipated income, deviation of the report income and anticipated income;Influence factors of Using fixed asset to carry on the voluntary accounting policy change in order to have the income smoothing behavior include debt contact, pay contact, deviation of income before the policy change and the anticipated income, deviation of the report income and anticipated income;The influence factors of huge amount of write off include management change, asset-liability ratio;The influence factors reverses losses include political cost, debt contract and ST.Third part of this paper includes chapter 6. In this chapter, based on summarizing the inspiration of the positive study conclusions of the second part and proceeded with consummating accounting institutions and supervision of stock market of our country, policy proposals of how to standardize voluntary accounting policy change.