The Research On The Usefulness Of New Accounting Standards Based On The Stock Market

In this paper, we have a discussion of the difference between old and new accounting standards, as well as get the target of new accounting standards. Then, we have a full-related data test analysis from multi-angle by events and associated research methods. The value-relevance of the preparation of financial reports under the new accounting standards is tested through the establishment of the multivariate regression model between the index of financial statements and the price in the stock market. The new accounting standards get a good chance to be implemented with the constantly improvement of our country's market economic system. However, due to there is different norms by new accounting standards to different industries, the results of the research can not say across the board. The new accounting standards need for further efforts to make each industry achieve the goals set by the standards.