Research On The Improvement Of Financial Reports Based On The Comprehensive Income View

Financial reports play an important role for the enterprise itself and its stakeholders, it can reflect the financial position, operating result and cash flows from different angles, which changed along with the stake of social-economic environment. The globalization of Capital flows and the increasing of complexity business activities by enterprises themselves, causing the current financial reports highlight some limitations which can not realize the requirement of decision-usefulness view. Although it has been hotness that how to construct scientific and effective financial reports system for theorists and practitioners, but it seems unable to find a reasonable way to solve the series of obvious problems. With the gradual application of the comprehensive income theory, construct a financial reports model which based on comprehensive income view for the enterprise performance evaluation and meeting the information needs of users are of great significance.Decision-usefulness view and Assets-Liabilities view has accelerated the application process of comprehensive income theory, but there are many problems in current financial reports system, including financial reports objectives can not adapt to environmental changes, problems with qualitative characteristics of accounting information, linkages between financial statements do not close and disclosure inadequate, etc; At the same time, by the challenges of the new economic environment coupled with the changes of traditional accounting measurement principles, only accelerating the comprehensive income into application to promote the development of capital markets and to meet the need of international coordination, The application of Comprehensive Income reports in the foreign countries, it shows that China has the objective conditions for comprehensive income; Based on the front research, through evaluate the four major reports launched by IASB and FASB joint project team in October 2008, choose the good aspects to constract fianicial report based on our realizations; Another aspect of improving the financial reports is to increase the disclosure of Statements contents, including non-financial information and financial forecasting information, knowledge capital information, social responsibility information and information for sustainable development capability, combined with the case of ABC company to test the improved fianicial reportd into practice. in the process of application there must be a lot of problems which need to be solved, making the financial reporting system more perfect.Combined with comprehensive Income View to improve financial reports system, Using the combination of standardized research and empirical research, quantitative analysis and qualitative analysis to reform the four major financial reports system creatively, breaking up the limitation of income statement in previous study with a certain degree of theoretical and practical significance. However, the limitation of research level and paper space make a lot of problems are not involved in, expecting more reseach continue in the future to make up for deficiencies.