Research On The Improvement Of Financial Statement Presentation

The financial information of a company is the main economic information of the company. The entities usually convey and describe the financial information by financial report. Thus, a complete set of financial statements which are the core of the financial report can be helpful to the decision made by the users. As a matter of fact, there are flaws in the financial statement presentation more or less. The accounting scholars and organizations are dedicated to the improvement of the presentation. "The Preliminary Views on Financial Statement Presentation" issued by IASB&FASB is the most successful and influential. The views are the result of the joint projects of presentation in phase B. The views were issued in 16th Oct 2008. Once issued, it simulated discussion around the world. Most of the accounting scholars agree that the proposed presentation model will change the current presentation model in many aspects. They also called the proposed model as "financial statement revolution". The proposed model is definitely innovative. According to the comments and feedbacks, the proposed model can improve the usefulness of the financial information. The standards of the financial presentation will be published in 2012.As a country that is dedicated to the convergence of accounting standards, the relative departments published the "Accounting Standards" in 2006. This set of /standards has realized convergence in many aspects. But there are some discrepancies, like financial statement presentation. There are some flaws in our standards. Since the preliminary views were published, we can choose the usefulness in the views. We should grab the opportunity to improve our financial presentation as well as realize the convergence.This text mainly adopts norm research method. First of all, the author elaborates the proposed presentation model and introduces the provisions in our presentation standards. Then the author analyzes the defects of the provision. In the end, the author gives some advices to our presentation model according to the views.This text is divided into five parts. The first part mainly elaborates the results of the research of financial statement presentation. The content of the second part is the preliminary views on financial statement presentation. The third part introduces some theories related to presentation. The fourth part introduces the provision in our standards and the defects in it. In the last part, the author gives some advices to the improvement of the presentation.Financial statement presentation is always a hot topic in accounting world. The author tries to find some useful ideas for our standards according to preliminary views. But the ability of the author is very limited to this big project, there must be something that did not come into the head of the author. Please give some comments.