Our Financial Statements Presentation

As the final product of the financial accounting system, the financial report is consist of the financial statements, notes and some other information which should be included in. Financial statement, which is the core of the financial report, is the final result and comprehensive description of the accounting recognition and measurement. Thus, the quality of the financial statement will directly influence the quality of the financial report and the users' economic decision. Based on the understanding of the information requirements and decision model of the users, strengthening the research on the presentation of financial statement can not only improve the quality of our financial statement, provide the users the decision-useful information, but also perfect the theory of our financial statement presentation and indicate the right direction of improving the standards of the presentation of the financial statement.On the foundation of analysis and discussion on the objective of the financial report, the concept of the financial statement users, the information requirement and the decision model of the investors, this paper firstly describes the status and existing problems of our financial statements, which is then systematically analyzed and studied using the framework of the financial statement presentation combined with the nearly research results of the IASB and FASB.The conclusions of this paper include the followings:(1) The current classification of projects of the financial statement can't reflect the essence of the corporate business. (2) The too compressive of the statement elements may lead to the hide of the corporate which is not good for users' decision. (3) The inconsistent of the foundation of the statement presentation lead to the poor relationship and among the statements.Based on the conclusions and the practice of our financial accounting, this paper also put forward the following suggestions:(1) The accounting standard should standard the presentation of the regular and irregular income and losses. (2) Unify the fair value presentation standard, disclose the relevant information fully. (3) Reduce gradually until abandon the use of the caution principle. (4) Disclose the key expenses which are very important to the future of the corporate.The innovation of this paper is that it is firstly based on the information requirement and decision model of the investors, and then analyzing the systematic problem of whole framework of the presentation of our financial statement and the specific problems of the practice of our statement presentation. In the end, this paper puts forward the corresponding suggestions of the two problems.The deficiency of this paper is that it lacks the support of the sufficient statistics and the useful validation of the new presentation of the financial statement. The mainly reason is that the classification of the new financial report system is influenced by management's attitude it is very hard for the external users to adjust existing financial statements for the new statements directly.