The Implementation Results Of The New Accounting Standards: From The View Of Conservatism

As an important reference, accounting information, which have played a vital role in the reformation of both accounting systems and capital market, become not only the means of security supervision, but also the objectives of standard-setters'efforts. And accounting conservatism is an important convention of financial reporting; it has become a character of information quality. This thesis tries to reveal the implementation results of the new accounting standards from the view of conservatism.Based on this clue, the sample consists of the relevant data of Chinese listed companies in both year 2006 and 2007. The paper uses several methods such as index analysis of single variable to measure the existence and changes of accounting conservatism on two aspects: (1) whether the accounting conservatism exists in year 2006 and 2007; (2) What influence the new accounting standards has on the conservatism of accounting numbers of Chinese listed companies? Year 2006 and 2007 are the years before and after the implementation of the new accounting standards, does the accounting numbers in those two years show accounting conservatism? And does the accounting conservatism vary in these two years; that is, whether the implementation of the new accounting standards has impact on the conservatism of accounting earnings? Empirical results are as follows: (1) Accounting conservatism exists in both year 2006 and 2007. The findings reveal that there exists asymmetry between"good news"and"bad news", and accounting earnings reflect"bad news"more quickly than"good news". (2) The implementation of the new accounting standards reduces the conservatism of accounting earnings from the single effect of the new accounting standards.