Research On The Improvement Of The Financial Report

Financial accounting is a system of economic information, whose aim is to provide useful accounting information on decision-making for stakeholders. As the main carrier of accounting information, financial report should be improved to adapt to the development of economic environment and provide high-quality accounting information, which determine whether the accounting information that passes to capital market and investors has information contents.Being a kind of format contract, financial report can largely economize the user's cost in reading, understanding and analyzing, which satisfies investor's decision requirement by providing high-quality accounting information. Firstly, the paper makes a theoretical analysis on accounting information value. Many positive studies at home and abroad also show that accounting information takes the economic responsibility and connects with accounting figures and stock price and income in capital market. Secondly, the paper makes an analysis on two arguments of quality evaluation of financial report in America: users'demand view and investors'protection view. Combining with the two former views and Chinese reality, we should borrow the way that different stages of American capital market development put forward different demands toward the financial report and bring forward that accounting information should aim to efficiency of decision-making and full disclosure of financial report information should serve to the decision-makers. Thirdly, the paper points out the shortcomings of current financial report which are unreliability of financial report contents and lack of pertinence of financial report information. The present improving methods of financial report are as followings:improving the structure of financial report; enriching the contents of financial report such as improving the mid-term financial report, regulating and improving disclosure of branch information, making a full disclosure of accounting information, enhancing the management of voluntary information disclosure; improving the mode of financial report, using"event"report mode and making a full disclosure of accounting information with clarity as possible as you can, reducing the impertinent of accounting information and improving the"event"report mode.