The Effect Of The Change Of The Accounting Standards On The Assets Value Of The Quoted Companies

Upon the request of Ministry of Finance, the new Accounting Standards for Business Enterprises came into effect in public listed companies from January 1, 2007.This is a great accounting reformation. On the one hand, it adapts the requests of the development of the market economy in the country; on the other hand, it indicates that the accounting system which becomes compatible with internationally accepted practices comes into existence. The change of the accounting standards has important effects on the improvement of the transparency, quality and reliability of the financial information. It has the milestone meaning in the accounting developing history.On the basis of analyzing the meaning of implementation the new accounting standards, the difference between the new accounting standards and the old one and the concrete changes which influence the assets value theoretically, this article focuses on omni-directional influences resulting from the new standards through digging information on 2006 annals of listed company, both on aspects of financial data and managerial idea. Through analysis of factors that increase or decrease list company's net assets, this article concludes that, from the holistic aspects, it has insignificant influences, but from the individual aspects, the influences are more remarkable. It also has far-reaching influences to listed company's future financial and working status because of the likelihood of the alteration of accountant policies and estimates.Through collecting, sorting and processing the data on 2006 annals of 546 listed companies, the thesis adopts comparative analysis, factor analysis and integrates qualitative study at the same time in order to find out profound and long-term influences on listed company based on the current influences to assets value from the new standards.