Effect Of New Accounting Standards Empirical Test

Since January 1,2007, all the Chinese listed companies have carried out the new accounting standards. The promulgation and implementation of the new accounting standards symbolize that Chinese accounting standards system advances to a new milestone. It is the i nev i table result of convergence of Ch i nese enterprise accounting standards with the international standards. It also regulates corporate accounting recognition, measurement and reporting behavior,and improves the qual ity of accounting information. So it can meet the needs of investors, creditors,government, enterprise managers and other accounting information users. In order to effectively improve the reliability and relevance of accounting information,the new accounting standards have made many changes,and it is considered high qual ity. With the f u I I implementation of new accounting standards, the effectiveness of it receives much more concern and becomes an important part of research in accounting field. This thesis uses empirical studies to test the implementation results of the new accounting standards from the view of Earnings management.This paper uses normative research methods to introduce the definition, motivat ions,economical consequences,types and chief ways of earnings management.Then it describes the main changes of the new accounting standards, the impact of the accounti ng standards on earnings management and potential space of earnings management. In the main part of the article, based on data of Iisted companies in Shanghai and Shenzhen A Share from 2005 to 2010, the thesis makes empirical research on earnings management conducted by listed companies. Firstly, the thesis uses frequency distribution method to identify the existence and prevalence of earnings management. After giving bar charts of listed companies'ROE,the thesis makes x2test. The results refuse the hypothesis that the ROE obeys norma I distribution, so it shows that I i sted companies have earnings management behavior. And then the thesis chooses modified cross-section Jones Model to est imate Manipulative Accrua s of listed companies, and the mean t-test. Test results prove that the listed companies have earnings management behavior from year 2005 to 2010, and Manipulative Accruals differ in each year. Finaly, the thesis makes regression analysis based on profits of the specific projects. The empirical results show that asset impairment losses, non-operating income, investment income, finance expense are the principal means of listed companies to manage earnings, but the relationship between changes in fair value gain or loss and earnings management is not obvious.