A Research On The Value Relevance Of Accounting Information Based On Asset-liability Approach

In recent years, as technology development and capital market gradually matures, domestic and international accounting environment has changed substantially. The accounting objectives changed from the fiduciary responsibility view which reflelts the condition of fulfillment of economic responsibility into the decision-making availability view which provide users of financial statements accounting information related to the decision-making. The revenue-expense view as the guiding ideology of the accounting standards can not meet the current level of economic development.In order to provide a more robust real economic conceptual basis, the basis of accounting standard-setting return to the assets and liabilities view again. It is recognized that the definition of the assets and liabilitie recording to the similarity of the economys, would make accounting information more relevant and reliable.There is no doubt that the Asset-liability view is not only the trend of development of contemporary accounting' income measurement but also an important concept of the accounting standards setting process. Affected by various factors, the concept of accounting standards tend to the revenue and expense view in the past.January 1,2007, China's listed companies began to implement the new corporate accounting standards, many of them fully draw on the U.S. Financial Accounting Standards and International Accounting Standards, to a certain extent, implemented the Asset-liability view. So, whether this accounting standard-setting concept improve the quality of accounting information and improves the value relevance of accounting information? This issue received much attention, but also a important question the paper attempts to answer.We will use the balance sheet model and pricing model, to study two parts by the chance of the implement of the new corporate accounting standards:First, to tested the value relevance of accounting information of the existing accounting standards In general; Second, Select the fair value and "Accounting Standards for Enterprises No.18-Income Tax" as a starting point,which are the concentrated expression of the Asset-liability view and get a more accurate answer to whether the Asset-liability view apparently improve the quality of the accounting information of listed companies in China. Empirical results show that:the Asset-liability view improve the quality of accounting information, and as a typical representative, the fair value and the accounting information of income tax have incremental value relevance.this paper uses a standardized methodology and empirical research methods In the research methodologies.