On The Improvement Of Our Financial Reporting

Financial reports are the final products that the company provides to the society and they reflect the company's financial condition, commercial result and cash flux roundly. So they are full of significance to both the company and the benefit related users. Financial reports don't exist independently but in a certain kind of accounting circumstance and at the same time the latter will change with the social environment. So in the view of relativity and development ,financial reports must adjust according to the social transformation otherwise what they provide will lose serviceability and pertinence. Of course we cann't require the financial organizers rectify the financial reports at any moment which is uneconomical and unrealized. What we talk about the amelioration is to regulate them timely and with pertinence in a certain period. Thus we can resolve the problems duly and it accords with cost-benefit rule. This article's structure and content expand encircling financial improvement closely.Firstly the author starts from the the important meaning of financial reports putting forward two objectives-perfecting financial reports' system and increasing financial reports' quality; three rules-being practical and realistic, thinking of supply and demand and keeping authenticity; two considerations-gradualism and urgency in financial reports' mend. The author agrees with the first attitude.Secondly based on the above goals, rules and considerations the author discusses the existing problems of financial reports including not only structures and contents but also macro aspects and micro ones in a greater space. For example, it is from the holistic view to see the financial system's lack while from the local point to pick up the shortage of items' names. Another example, the deficiency of throwing daylight on the forecasting information is if content problem and items' improper setup belongs to the structure's irrationality.Thirdly the author gives out the corresponding answers and resolving ideas and blue prints according to the above questions. Some maybe adventurous assumption without performing methods. Only hope to provide some use for reference to the practical work.At last in order to ensure the improvements come true the author brings forward to setting up guarantee system of information quality. Because in term of logical standpoint the article puts forward the problems and the resolving methods so it is necessary to answer how to ensure that they can be settled truly? The author regards that this guarantee system's construction is a good choice. On the one hand it can strengthen financial reports' serviceability and veracity. On the other hand it can put in force to the financial reports' improvements. Since their ultimate aims are the same-to provide the useful decision-making information to the users so they supplement each other and reach the same goal at different routs.