Research On Voluntary Alternation Of Accounting Policy For Listed Companies In China

Changes in accounting policies, refer to changing accounting policies from one to another for the same business transactions or events.This article use the latest accounting data on China in recent two years of voluntary changes in accounting policies, find out the deficiencies and whether still have some unreasonable motive, the ultimate aim is to propose solutions accordingly.In this paper, we use comparative analysis and statistical analysis methods to study voluntary changes in accounting policy, the idea of the article is as follows:First of all, we use rent-seeking and game theory to describe the voluntary changes in accounting policies. Secondly, we compare China, the United States and the international standards of change in accounting policy. Again, we analysis the voluntary changes in accounting policies in China's current situation through four parts, the number of the occurrence, the type and disclosure of changes, and economic consequences. We find the number of the occurrence of voluntary change in accounting policy is small, the type of changes are dispersed, the disclosure of changes are not normative. Compare the return on net assets between the company which occurs the voluntary changes in accounting policies and the whole company, one part of the former focuses on 0 %, 6%, indicating there is still a small number of unreasonable voluntary change in accounting policy's motive, including the increase of profits and the meeting of the provisions in capital market, the other part focuses on more than 12%, indicating the enterprise likely changes accounting policies which has more profit. Change the company's revenue growth of the company which occurs the voluntary changes in accounting policies is higher than the average level of non-occur, but not concentrated, volatile, indicating it will affect the company's long-term profitability, impact sustainable development if the company occurs changes in accounting policies bases on unreasonable cause in order to obtain short-term interestFinally, by analyzing the status of voluntary changes in accounting policies, pointing out the deficiency and putting forward specific proposals. In order to better regulate voluntary behavior change in accounting policy, we should further regulate the disclosure of the contents of voluntary changes in accounting policies, separate the option and supervision of voluntary changes in accounting policies, improve capital market regulation, and pay attention to sustainable development of enterprises. Draws the conclusion after the research present paper: To be listed to satisfy the financing condition to abuse the voluntary accounting policy change the behavior is specially the young shareholder's benefit creates the harm to the shareholder. In order to solve this problem, must first consummate to be listed achievement appraisal the indicator system; Next, consummates to be listed voluntary accounting policy change the information disclosure system, in addition, to prevent to be listed to abuse the voluntary accounting policy change, must in existing property depreciation accountant in the standard foundation, the formulation have the strong feasibility guidance standard, annotates in property depreciation accountant's each concept clearly, and to property whether to have the depreciation sign, the property sale net price determination, the future cash flow estimate and the discount rate determination and so on gives the exhaustive description, by will reduce the accounting personnels artificial estimate and the judgment space as far as possible, will avoid the policy the fuzziness using for to be listed.