Financial Information Of Listed Companies To Disclose A Number Of Issues

Financial information disclosure of the stock-listed companies is not only a hot topic in the finance study area, but also a popular focus in the securities business and capital business. And financial information disclosure in China does exit such problems as poor reliability, less serviceability to making decision and incomplete disclosing forms.In this article, the author not only exhibits the origin and the development of information disclosure from the historical angle, but also analyzes why the information disclosure has a poor quality by studying the change of the report-making method and the problems that we come across in our daily practice. The author contents that what leads to the poor serviceability of disclosing information is the Positive Externalities and the fact that the stock-listed companies are most likely to protect their own benefits. The author also states that because of the nature and the characters of the accountancy, the financial information inevitably bears uncertainty and ambiguity, which help those companies make use of the information disclosure method. Based on the reasons shown above, the authors concludes that in order to regulate the information disclosure of stock-listed companies, we should make our efforts to consummate the business and system environment and to build up detail information disclosing criterions. Further more, we should improve the exiting disclosing forms, thus enhance the serviceability and utility of the old forms.At the end of the article, the author provides a possible disclosing form and insists that the utility of the information disclosure will be the most important criterion when deciding the disclosing quality. The author also generalizes the content and the form of the financial reports in the future.