| Related Party Transactions are complicated economic activities related to enterprise's commerce and business. For example, enterprises frequently carry out separate parts of their value-chain activities through subsidiaries, joint ventures or associated companies and acquire interests in other enterprises for investment purposes or for trading reasons. In market economy, Related Party Transactions are normal financial performance and can reduce the cost of the exchange, keep safety of the trade, optimize the enterprise's internal resource, promote the effective of the enterprise's process and make the most profit of enterprise. Also transaction between related parties may not be effected at the same terms and conditions as between unrelated parties. The operating results and financial position of an enterprise may be affected by a related party relationship even if related party transactions do not occur. The mere existence of the relationship may be sufficient to affect the transactions of the reporting enterprise with other parties and may give the unreal report of the investment, damage asset of the enterprise.In recent years, unfair Related Party Transactions have become a main means of profits control for listed companies to obtain rights issue or to avert loss and avoid "PT" or "ST". Therefore, transactions between listed companies and their related parties have become the focus of securities market supervision. Up to now, the regulatory authorities have issued a series of laws and rules to regulate these transactions. This thesis focuses on the problems of the accounting rules on Related Party Transactions, that is, the content of the accounting rules and the role of accounting rules especially the role in the regulation of profits control behavior of listed companies with unfair Related Party Transactions. The accounting rules include Accounting Standard for Business Enterprises: Disclosureof Related Party Relationships and Transactions, Non-monetary Transactions, Debt Reconstruction and the Temporary Provision for Accounting Treatment Problems of Related Party Transactions Such as the Sale of Assets. Based on a survey of the evolution of the accounting rules, the thesis analyzes the limitation of the accounting rules in the regulation of profits control behavior of listed companies with Related Party Transactions. Then it examines the internal and external causes for the limitation. Finally it puts forward some measures to improve the accounting rules.This thesis consists of six parts:Part one introduces the basic theory of Related Party Transactions and accountings rules on Related Party Transactions. After a brief introduction of the definition, the economic reason for the existence and the nature of Related Party Transactions, it analyzes the current conditions of unfair transactions between listed companies and their related parties in our country. Part two introduces the actualities and the types of Related Party Transactions, based on these, this thesis analyze the main means which listed companies control profits using Related Party Transactions.Part three introduces essential rules of affirmance, measure and reflection, examines the evolution of the accounting rules. After a survey of the evolution of the accounting rules, it draws an important conclusion that there is a limitation of the accounting rules in the regulation of profits control behavior of listed companies with unfair Related Party Transactions. Then it points out that the limitation should be viewed from two aspects, the internal cause is the defects of accounting rules and the external cause is the flooding of unfair transactions between listed companies and their related parties. Part four analyzes the limitation of the accounting rules in the regulation.First it analyzes the existing defects of the accounting rules, then it analyzes the reasons for the occurrence of unfair transactions between listed companies and their related parties.Part five puts forward the specific measures to... |
PDF Full Text Request