China's Listed Companies Financial Reporting Issues

Today, accounting has obviously become a focal point on the stage of society economy, and it is playing a very significant part in capital market. Financial report of listed company is so important for stock market that nothing can replace. How to make financial report satisfy with the need of the development of economy and promote the good grow of capital market is the problem that people focuses on.This paper begins with the present condition of listed company's financial report in our country. It analyzes the defect of the current report with basic theory, and then raises the suggestion of improvement and development.This paper consists of five parts:The first part summarizes progress, intention and objective of financial report. The produce and development of report closely relate to grow of economy and it perfects with economical expansion. There are difference and the same in connotation of financial report from interior and overseas accounting scope. The target of financial report is progress of evolution, and our selection of financial report's aim must combine with our own characteristic.The second part expounds the fundamental theory of listed company financial report. Financial report that listed company offers shall have some quality feature. IASC and FASB also have provided this. At the state of the balance on supply and demand, the course that two parts mutually coordinate stimulates development of financial report. It analyzes sense for stock market and the request that stock market poses with commentary on the theory of stock market.The third part puts forward the problem of present financial report in our country. It dissects from two sides, subjectivity and objectivity. Subjective part is issue of false report, and objective part is the trouble that exists in content, way of publication and report system.The fourth part is core of this paper. It stresses on the proposition that improve financial report of listed company in our country. The extended substance of report mainly includes information of derivative financial instrument, manpower resources, financial forecasting and social responsibility. There are three new ways of releasing report, different report, electronic timely report and mutual report. Perfection of financial report system incorporates voluntary disclosure report, overall income statement and added-value report.The fifth part sets forth the cause of false report and its comprehensive administration.