On Improvement Of Financial Performance Reports

With the coming of knowledge economy in 21 century, the great improvement in high-technology leads to international economy prosperity, and the innovation of finance brings tremendous risks, which makes accounting face endless problems and challenges. Because some businesses and projects out of capital-debt table are increasing, the traditional financial reports can not give useful accounting information completely, therefore, the demand for revolution in financial reports is rising day by day. The academic area of accounting and business put forward suggestions of improvement one after another, however, there are too many of them and none is comprehensively persuasive. ASB, FASB, IASB and G4+1 group also make their own suggestions of improvement one after another, from the actions taken by those countries, the revolution of tables is mainly focused on the improvement of traditional accomplishment reports. According to present situation that financial reports have to be unproved, the author suggests that we should improve financial accomplishment reports and pursue "comprehensive benefit reports".This article mainly discusses the improvement of financial accomplishment reports, and it is divided into three parts.The first part is about the reasons for improving financial accomplishment reports, and analyzes the defects of profit table which is a primary way to show financial accomplishment reports.The second part discusses the current situation in the improvement of financial accomplishment reports for every country, and describes the improvement of financial accomplishment reports as well as the same tendency of their development by analyzing ASB, FASB, IASC and G4+1 group.The third part is on suggestions of improving financial accomplishment reports, and the author advises that a comprehensive profit report should be carried out, and analyzes the necessity of implement.