Research On Control Mechanism Of Accounting Policy Choice Of Listed Company

This thesis studies the control mechanism of accounting policy choice of listed company. Accounting policy is accounting principle, procedure, approach, etc. which affect accounting statements directly. Accounting policy has economic consequences, which means it can influence the benefits of the stakeholders. The research on accounting policy choice, which focuses on how to constraint accounting policy choice, is to improve quality of accounting information. The contents of this thesis follow:Part 1: introduction, includes the research background, the present research both home and abroad, several conceptions, the aim and meaning of the research, and main contents of the thesis.Part 2: the theory basis. First, accounting information is proved to have character of public goods. This means accounting policy choice can not be controlled efficiently by market power. Second, economic consequences theory is discussed deeply. Its conception, manifestation, and the relation between economic consequences theory and control mechanism of accounting choice are all researched in this section. Because of economic consequences, accounting choice and its control can not be absolutely neutral. So absolutely reliable accounting information can not be got either. This research is to balance the benefit of stakeholders, and thus to realize better resources allocation. Third, fixed function hypothesis shows the function of the number in accounting statements is confined by its users. This means accounting choice is important in spite of efficient market theory. Forth, according to new institution economics, institution is the factors that affect people's behaviors. New institution economics can provide basis for accounting policy choice.Part 3 studies history, current conditions, and recommendations for improvement of the control of accounting policy choice of the listed company. China's listed companies emerged in the 1990s. Numerous changes in accounting standards and accounting systems happened since then. Based on the case of XiaMen Airline, the control mechanism of accounting policy...