Inprovement On Financial Report

Financial accounting is the external reporting accounting,the most important part of which is financial report.In the market economy, especially with the development of capital market,financial report has been the focus.Financial report is not only the kernel of accounting standards and the important content of the company law,but also the hinge that ties everyone of society and the primary condition that makes the securities market operate healthfully.Therefore,in the modern enterprise,financial report provides accounting information to everyone. it is very important in the accounting system.But traditional financial report provides the information which is incomplete and at a point of time. It emphasizes the cost but not the value and emphasizes history information but not future.With the change of economic environment and the arrival of knowledge economy,traditional financial report provides less and less useful information.So we think that financial accounting and financial report should change with the change of economy and user.it is a problem which we should set out that how future financial reports develop and that how we set up useful financial report system.This article will analyze how to improve traditional financial report.The article is divided into three parts.The first part introduced the cardinal concept and content and analyzed its effect and status in financial accounting theory system.At last,the author summarized the factors that influenced the development of financial report.The second part evaluated the circumstance of financial report.Through the analysis of modern cardinal financial statements,the appendixes of financial statements and the other financial report,the author summarized modern financial report system's shortage and the essentiality of improvement. The third part detailedly discussed the improvement of financial report in our country.Firstly,the article prospected the future of financial report on the base of analyzing the international research situation.In the following it is the important content.The author first discussed and analyzed economic circumstance,the choice of financial target and the structure of accounting theory system in our country.Then the author summarized the difficulties of financial report improvement.Finally the article made a conclusion and provided some suggestions.