Study On The Influence Of New Debt Restructurings Accounting Standard To Listed Companies In China

In February 15, 2006 the Ministry of Finance issued 38 specific criteria and the basic norms of the new set of accounting standards system. It marks the convergence with International Financial Reporting Standards Accounting Standards System formally established, to improve the socialist market economic system and raise the level of opening up the global economy were to accelerate China's integration is of great significance. However, how to use the new accounting standard reasonably is the most important thing after the standard issued.This thesis mainly study on the influence of new debt restructurings accounting standard to listed companies in China.The first, used comparative law between the new debt restructurings accounting standard and the old which issued in 2001, analyzes the changes and the internal reasons. The changes provide investors and the public decision-making useful accounting information, as the same time introduced the "fair value" measurement attribute. It makes a substantive breakthrough to achieve a convergence with international accounting standard.The second, based on standardize research and empirical study, analyzes the influence of new debt restructurings accounting standard to listed companies in China deeply. Using standardized research methods, proposed the existing problems of debt restructuring at this stage of China. For example, the reorganization of earnings management is serious, related trade more than before and so on. Using empirical studies method, select the data during 2004-2007 debt restructuring of listed companies, to verify the issues which raised already; select stocks which the company dose debt restructuring, from the A-share market in 2006 when issued the new standard as a major research samples and select such the same company in 2005 as a comparison of data, analyzes the impact of new standard on debt restructuring which from short-term solvency, operating capacity, long-term solvency and profitability.Finally, in view of the specific situation of listed companies, proposed a specific policy proposals. Such as the establishment of the appropriate intermediary, rationally determine the object and scope of debt restructuring, improve internal governance, Promote accounting environment better.