Listed Company's Fourth Quarter Non-recurring Profit And Loss Account Surplus Management

In recent years, with the vigorous development of China's capital market. Investors are becoming increasingly rational concepts, from simple blindly follow suit stage, and gradually into the investment value of the analysis phase. In the value of corporate investment analysis, accounting earnings is a very important indicator by the investor attention. It is precisely because the accounting surplus in the investment process of value analysis plays an important role, the management will use various means to manipulate accounting earnings numbers, so as to achieve the purpose of market manipulation. In this process, the. earnings management plays an increasingly important role, by investors and researchers have had their attention.Because managers are making earnings management, there must be more clear targets and should also know the gap between the actual results and the target results. Early this year, companies operating conditions of great uncertainty still exist at this time for earnings management, in terms of quantity and direction, both have a certain degree of difficulty, the operability of poor earnings management. However, by the end of the year, management has been in production and management of enterprises have a very clear understanding, at this time to conduct earnings management, the greater purpose, but also be more targeted. Evidently, the management the annual surplus of the most reliable and most simple way is to choose at the end of regulation time financial data.Literature studies have shown that, compared with the general listed companies, low-profit companies are often considered to have a strong motivation for earnings management, so its very authenticity of accounting earnings numbers cast doubt on its earnings management behavior research is very necessary. As for the huge loss company, is no longer profitable because of their hope, therefore, in order to be able to achieve in the coming year losses, in the huge loss on the existence of the annual deficits for the coming year pave the way for motivation. The veracity of its accounting earnings equally dubious. Therefore, the behavioral characteristics of their earnings management research also has far-reaching significance.The corporate accounting earnings are generally recurring gains and losses and non-recurring gains and losses of two major sections. Recurring gains and losses is the company's core earnings, a continuing nature, investors can accordingly corporate profitability and development capacity to make judgments; non-recurring gains and losses with a one-time, occasional features, would be difficult through non-recurrent the profit and loss forecasts of corporate profitability and development capacity. As the non-recurring gains and losses is an important component of accounting earnings, which allows the company's management has a non-recurring gains and losses through to regulate the accounting earnings of space. Therefore, the strengthening of non-recurring gains and losses of the study, for optimizing the allocation of funds, protection of small investors has far-reaching practical significance.In this paper, most of the earnings management motivated the sample companies (low-profit companies and huge loss company), in the best possible earnings management point in time (fourth quarter) earnings management behavior. Note non-recurring gains and losses in special point in time the special sample of earnings management when they played an important role.