Research On The Regulation Of Implementation Of Accounting Policy On The Impairment Of Assets In Chinese Listed Companies

In the IT and knowledge economy times, the profitability of the assets has become less stable because of the increasing risk and uncertainty the enterprises are faced with, which make the accounting for impairment of assets become the central issue in the international accounting field. In China, it has developed greatly in recent years. Meanwhile, the allowance on the impairment of assets has also been adopted by many listed companies as a means for profit manipulation. So research on the accounting for impairment of assets in Chinese listed companies is of great significance to the Chinese accounting studies.The paper used both regular and empirical analysis to study the implementation of accounting policy on impairment of assets in Chinese listed companies and put forward some suggestions on how to improve China's accounting regulations and the implementation of accounting policy on the impairment of assets. The paper includes theoretical and empirical parts: In the theoretical part, based on the implication of impairment of assets, the paper introduced the theoretical background of accounting of impairment of assets in several ways: objectives of financial accounting, prudence, qualitative characteristics of accounting information, measurement attributes. The paper gave a deep study on core contents of China's accounting regulations of the impairment of assets with the combination of the newly issued related standards. Then it illustrated the prospect and the problems during the implementation of the new standards and also posed some suggestions on the improvement of our accounting system.In the empirical part, from the perspective of the implementation of accounting policy of impairment of assets both as a whole and on an individual basis, the influence the impairment of assets exert on auditing reports and finally the specific unreasonable accounting behaviors, the paper made an empirical analysis on Chinese listed companies with four sample groups and reached an conclusion. In the light of the analysis, the paper analyzed the causes for the unreasonable carry-out ofaccounting policy on impairment of assets and put forward some appropriate measures including: optimize the corporate governance structure, strengthen the supervision of capital market, improve the accounting system and enhance the external auditing and so on.