Research On Economic Consequence Of Accounting Policy Choice Of China

Accounting policy choice is a process that an enterprise comparatively analysis the selection of accounting principles, methods, procedures and develop the accounting policies according to business objectives or management targets in particular environment.With the improvement of China's market economy and the development of capital markets, accounting policy choice plays more and more important role in corporate financial information systems. The option of accounting policy is the inevitable outcome under the existing institutional framework of accounting theory, it effect the information that the system product, and plays an important role in achieving its function form, and it will produce a wide range of social economic consequences.Accounting policy choice has been a extremely important research topic in accounting and capital market research in Western countries, and formed a positive accounting theory as represented and more systematic theory. We just begun in the early 90s, though has achieved fruitful results, but still can not say that we know everything. Instead, the accounting policy choices still need to further research, particularly in the economic consequences of accounting policy choice areas. Based on this, with the introduction of economic consequences, this work analyzes accounting policy choice from a new way, takes a full consideration of corporate accounting policy choice of motives and factors, studies the specific forms of the economic consequences and elaborated on this basis economic consequences of accounting policy choice of the special factors.Based on the research of previous studies, this work making definition of the accounting policy choices and economic consequences of the related concepts firstly; Secondly, analyzing the status of accounting policy choice and the reason of these problems from internal and external aspects;Thirdly, pointing out that the manifestations of economic consequences of accounting policy choices and the specialist of motivation in our country with prove of empirical method. Finally, regulate the accounting policy choices to avoid negative economic consequences, we should establish a internal corporate governance structure to strengthen the external monitor the dual control mechanism.