A Design Study On The Relevance Of Accouting Information Level Evaluation System

Accounting information as an important economic management resource, is the main basis for the recipient of the benefits of enterprises to evaluate the financial status, make investment decisions and prevent operational risks. It is also the main basis to make fiscal and taxation policies and regulate the macro economy. Therefore, the quality of the financial information effects the decision and scenario of the information users to whom the quality is vital. As the arise and development of the stock market of China, investors become one of the main users of accounting information. So what's the extent of the accounting information that disclosed by our corporates now relevant to for investors to make decisions? Can it be quantified ? How to establish evaluation system? What's the main factors should investors pay attention to in the process of evaluating? This article attempts to answer these questions.Firstly, this paper discussed the accounting and disclosure of information relevant theoretical basis. Mainly considering with the conclusion of the investigation on the information demanded by related subject,combined with AHP to further analysis the specific factors which affect the relevance evaluation of accounting information, in order to found an evaluation system of the relevance of accounting information. Secondly, the writer selects 2 listed companies'data randomly based on Chinese Shanghai A shares. The data is the accounting information in these companies between 2003 and 2005.And then evaluates the relevance of these companies by drawing out the factors settled in the evaluation system, and compared to the level of stock prices and their changes, in order to verify the correctness of evaluation system. It finds that the relevance evaluation system of accounting information established can reflects the level of relevance very well. It also finds that the level and changes of stock prices are able to fit the level of relevance evaluation of accounting information well. After researching, it is concluded that in order to improve the extent of relevance of accounting information, relevant agencies should enhance the supervision of the quality of accounting information, enterprises should improve accounting work to provide more useful information to investors. Because of the time and research depth of the problem, in this paper, the writer failed to adjust the weight of every dimensions as to characteristics of different industries. As the implement of the new accounting principle was not long, this model should be verified and corrected by the data produced after the implement of the new accounting principle.