Research On China Listed Companies' Financial Assets Disclosure Of Accounting Information

With the deepening of economic globalization, our financial market faced with the unprecedented opportunity and the challenges, how to get used to the environment between our market and the international market, hold the opportunity, and hedge the risk is an important topic. At the same time, the traction quantity kind of the financial assets in our listed companies increase. On the one hand, the accounting standard makers and the financial reporting users all pay attention to the accounting calculation and uncompleted information disclosure issues of financial assets. On the other hand, to avoid producing serious consequents which caused by disclosing uncompleted accounting information on financial assets, the research on financial asset information disclosure appears more and more important.With the developing of the financial tractions internationalization, financial instruments, especially the derivative financial instruments have occupied the important position in our financial market. To solve the further development and the standardized issues of the financial instrument market, practice should be combined with theory closely. The control on both risk and related information disclosed is a protection of our financial market development, which has practical significance.This thesis according to both the domestic and foreign accounting theory, with some related research, takes the reports and the disclosure as the object, combined with the actual situation of our listed companies'financial asset information disclosure, refers to the related fundamental research achievement, and utilizes the multi-disciplinary knowledge. Basis on the recognition and measurement of the financial assets, it takes an emphasis on the issues that causes our listed companies'financial assets information disclosure and analysis the reasons that produce that issues. Then, it takes some reasonable advices from both macro and micro aspects. The main research content is as follows:Firstly, it gives an introduction. Through the introduction of the research background, it proposes the aim and significance. Specially, it appraises to the domestic and foreign related research, elaborates the train of this thesis, and determines the content, logical framework and the research technique of this thesis. This part guides the whole text.Secondly, it introduces the foundation of financial assets information disclosure research. First, it analyses on the definition of financial asset, and elaborate the characteristic of financial assets. Then, it easily introduces the confirmation and measurement of the financial assets, which lays a foundation for the financial assets information disclosure. At the same time, it elaborates with the related risk that caused by disclosing financial asset information. Finally, it discusses the accounting information disclosure method as well as the requirements.Thirdly, it points out the problems under our listed companies'financial asset information disclosure and analysis the reasons. This thesis selected 10 listed companies'annual financial reports from 2009 to 2010. Then, combined with the present accounting standard, it analysis the related data and the disclosure from the ten selected financial reports. After that, it points out that there are many problems in our listed companies'information disclosure, including:earning manipulation phenomenon, irregular note disclosure, uncompleted disclosure of fair market value, lack of disclosure of risk, general in impairment information disclosure and so on. Then, it analyses the reasons which produce these issues. The reasons maybe the imperfection of the accounting standard, lack of uniform standards, the difficulty on fair value utilization, the complex effects characteristics of the derivative financial instruments as well as the increasing accounting judgment.The fourth part raises the resolution under the condition of our economy as well as domestic and foreign related studies'viewpoints. It takes some reasonable advices from both macro and micro aspects. As the macro-suggestion, they include revising the accounting standards, improving the financial reporting structure, and strengthening external regulation. As the micro-suggestion, they include establishing internal supervision system, improving risk management mechanism and perfecting the fair value measurement standard and disclosure reliability.At last, the fifth part is a conclusion part which has made a summary to this thesis research. The author points out the limitations of this thesis, and makes the prospects for the further research.