Reliability Of Accounting Information Of Listed Companies To Identify

Reliability is the basic quality of accounting information. One characteristic, however, the reliability of accounting information to make accurate evaluation, it is very difficult. This paper attempts to accounting information on the reliability of quantitative research, the establishment of the reliability of identification of accounting information system, so as to the capital market in general investors, the disclosure of listed companies to identify accounting information, provide a simple identification method. Therefore, in this paper based on non-financial enterprises external professional perspective of the general investors, was based on the annual reports of listed companies from that balance sheet, cash flow statement,income statement and the information obtained through statements on the reliability of information for analysis. This paper does not consider the adoption of the corporate governance structure, operational risks, and other non-financial information, to judge the reliability of accounting information.The reliability of the accounting information to a quantitative study, the paper tried to balance sheet, cash flow statement and income statement of relations between projects, to discover signs of manipulation of profit, therefore, this project need to design some statements the ratio between indicators of financial data through the longitudinal change trend and horizontal relative level of accounting information to seek recognition reliability signal. Based on this line of thought, this article is related to the design of vertical targets, negative correlation between vertical and horizontal indicators, and other indicators of three categories (a total of 33) financial targets, includes balance sheet items, the project also includes income statement, the project also involves a cash-flow statement, covering the three main accounting statements, some of the important relationship between, should be able to comprehensively reflect the characteristics of accounting information.However, the paper designed 33 financial indicators, really has the ability to identify accounting information, companies need to use the experience of financial reporting data for examination. This paper from China from 2003 to 2005 in Shenzhen A-share listed companies in the city, based on the report type of audit opinion, it was CSRC punishment (or Shenzhen Stock Exchange's public reprimand), the Shenzhen Stock Exchange and other information disclosure evaluation of the results of three factors have proved to select a group of companies accounting information distortion, a distortion Group samples (203 sample points); again in accordance with the principle of matching distortion group selected a group of accounting information has proven true, constitute a real group samples (203 samples) and the two groups shared a sample of training samples (a total of 406 sample points), as the basis of empirical research data .The two samples accounting information for statistical analysis, using logistic regression models, from 33 financial indicators, automatically selected seven pairs of two samples have significantly differentiated financial targets, build recognition as a model of independent variables. In order to avoid subjective variables are empowered to avoid multiple linear regression of multicollinearity problems, the paper used principal component analysis method to determine the weights of each variable, which the samples were obtained differential model. The model will be a number of statements only item data entry, calculated results can be derived, is simple; Calculation results using percentile minority that clear easy-to-understand, consistent with the Chinese habit. The high accuracy of the forecast model, the identification of training samples accuracy rate as high as 85%, the samples tested (1,428 samples) and the accurate identification rate of 79%. And compared to the similar studies at home and abroad, the paper training samples and the samples tested were greater capacity, which the accuracy of the identification results also higher.