A Study On Accounting Policies Choices For Listed Companies

The choice of Enterprise Accounting policy refers to authority comparatively analyzes selectable accounting principles, methods and procedures in the specific circumstances under its own management objectives or goals. Accounting policy options run through enterprise accounting measurement and confirmation which can always be said of the financial report generating a series of accounting policies. Therefore, the appropriate choice of accounting policies directly affects the quality of enterprises'accounting information, and furthermore affects the optimal allocation of resources and to the healthy development of the capital market. Along with the socialist market economic structure has been established and gradually perfected, "accounting standards" and "enterprise accounting system" as the core accounting reform have given companies the choice of accounting policies and the autonomy of certain options. The new version of "Accounting Standards for Business Enterprises" was promulgated in 2006; to a certain extent, it expands the choice scope of accounting policies, and has brought new challenges for listed companies which implementing the new accounting standards .In this paper, the basic concepts of accounting policies are in the very first part, associating with the choice of them. The following part is about the choice of accounting policies specified in the inevitability of the existence of objective and subjective need, and subject to a certain period of time enterprises which are facing accounting environment. By connecting China's listed companies with the actual circumstances, and using standardized method, it analyzes some problems and causes faced by China's listed companies in the selection process. And the last part particularizes in the search for the possible ways to solve the problem. The core of this article is the performance of the existing problems and analysis for the listed company's accounting policy choices. It tries to analyzes the results, and get the corresponded solutions, including improving the accounting system, and the accounting standards, establishing a sound corporate governance structure and optimizing the registered accountants, to strive for the elimination of the negative impact for listed company's accounting policy choices and promotion of the healthy development of China's capital market.This article holds that the existence of listed company's accounting policies is necessary. For enterprises, the accounting policy option should be under the principle of a certain selection procedures, be adapt to the external environment, and as far as possible, reflect the various stakeholders of common interests. In the balance of unity and flexible circumstances, the company should endeavor to reduce the choice of accounting policies.