Accounting Standards Economics Of Information Analysis And Research

In the capital market which becomes more and more perfect and developed, financial accounting and statements play a more important role and face stronger challenges. Financial information that enterprises provide becomes very completed. The complexity of accounting information comes from the fact that accounting information is a particular kind of product. Accounting information is very important to users of accounting statements and supervisors of accounting information. Whether accounting information is true is rather vital to the healthy development of capital market. Accounting standards which standardize accounting information and the planning and enforcement of accounting standards vitally regulate the preparation and reporting of accounting information. Accounting standards regulate the passing of information in capital market and standardize the communication process between enterprises and investors. The preparation of accounting standards in every country or area is a game result and interest compromise between investors and enterprises.Former research on accounting standards attached more importance upon accounting policies and connected planning of accounting standards into accounting policies. And analysis on accounting standards seldom combines them with other branches of economy. Furthermore, analysis on accounting standards is limited in the respect of macro-economy. Former research hardly systematically explains the reasons, specific processing, particular results of accounting standards and relevant planning procedure. The author will make accounting standards in the framework of information economy and use asymmetric information market theory to systematically analyze accounting standards. In the same time, the author will make further research on the preparation and influence of the planning procedure of accounting standards from a special angle, and suggest that the planning procedure of accounting standards is a process which balances the interests of different participants. And the author will make the problem of accounting standards basis in the framework of information economy, and regard accounting standards as a kind of contract to study accounting standards basis by perfect contract theory. The conclusion is that accountingstandards basis depends on accounting supervisory surroundings.In this dissertation, the author firstly prepares relevant theories, and then makes analysis using relevant theories, and finally draws the conclusion and suggestions. Asymmetric information market theory and perfect contract theory are very important in this dissertation. The author uses these theories to analyze different interests of enterprises (enterprise management boards), investors and accounting standards planner (accounting supervisor) through two non-cooperative game modes. In the same time, the author suggests how these participants influence accounting standards planning. This dissertation solves the problem from a perfectly new angle: how to plan accounting standards and which accounting standards basis corresponds to surroundings. After drawing the research conclusions, the author combines them with the actual conditions of PRC accounting standards planning to give some suggestions on PRC accounting standards planning procedure and PRC accounting standards basis.