On Intangible Assets Value Relevance And Reliability Reseacrh

In2006the accounting standards for enterprises in2001enterprise accounting system to makecorresponding adjustment, the primary goal of the accounting also made the changes,2001years ofenterprise accounting system of accounting statement of the basic goal is "accounting information shall bein conformity with the requirements of national macro-economic control to meet all the parties concernedto understand an enterprise’s financial position and operating results, meet the needs of the enterprises tostrengthen internal management need"."2006accounting standards for enterprises-basic standards for the"basic goals of the expression of accounting in China is "the objective of financial reports is to provide theusers of financial reports and enterprise financial position, operating results and cash flows related to theaccounting information, reflect the management’s stewardship, and help to users of financial reports tomake economic decisions." That is, the goal of financial reports by information usefulness is turned todecision usefulness, that is, from income statement to the use of the fair value of the balance sheet, becauseof the growing importance of intangible assets and know limitation, traditional financial statements havecannot reflect the new economic dominant value driving, which reduce its usefulness,2006enterpriseaccounting standards in intangible assets and goodwill, the definition of recognition, measurement anddisclosure amortization, make the adjustment. Along with the development of society and economy in2001, the enterprise accounting system of intangible assets of the economic value of formulated may nolonger has the great significance, because of its book value and the difference between the market, and alsothe potential damage the reliability of accounting data. Correlation and reliability-the two phase balance information received is the most favorableinformation to investors, not to say, to achieve the useful information, and the correlation and reliabilitywill need to balance each other. Even more so for intangible assets, intangible assets of the future value ofa reliable assessment may be a problem, because for these assets is not a stock market.Intangible assets accounting is accounting standards makers have to face one of the most controversialtopic, at present our country accounting regulation are faced with efforts to international accountingstandards convergence, of course, in the other leading capital markets are also facing this convergenceprocess. As part of this process, intangible assets and intangible assets accounting is to have a controversial.The dispute may last for a period of time, for improving intangible assets accounting methods is a sensitivesubject, is an accounting standards development organizations real challenge.The main purpose of this study is to check in2006since the implementation of the accountingstandards for enterprises, China disclosed the listed company of the intangible assets value relevance andthe reliability of the information. And by using the method of comparison and analysis of the discussion,2001enterprise accounting system during the implementation of the intangible assets value relevance andreliability of the situation, I think that this kind of appearing to our country accounting regulation andaccounting processes to further help, especially in the invisible assets, and for international relatedcontroversy provide usefulness. Specifically, this study attempts to determine in2001during theimplementation of the enterprise accounting system in2006and accounting standards for enterprisesduring the implementation, about identifiable intangible assets and goodwill of the accounting relevanceand reliability of the demonstration.In this study more detailed (from the Angle of the market and the enterprise interior Angle) discussedthe intangible assets information reliability, think if regression models assets coefficient is not and ’1’ significantly different from that assets that have reliability (namely the book value of one yuan is equal toone yuan market value); Such as obviously less than or greater than the coefficient of ’1’, and is consideredthe asset is a deviation report, therefore, not reliable.This study USES is Feltham-Ohlson (1995) evaluation model, this model for deformation processing,from the Angle of the market analysis on the Chinese mainland companies listed on the Shanghai stockmarket report the identifiable intangible assets and the value of goodwill correlation and reliability. At thesame time, also from the Angle of internal personnel to test the identifiable intangible assets and thereliability of the goodwill, and try to reflect the company’s economic substance. That is, the study of themain consideration in2006enterprise accounting norms intangible assets accounting is maintained theprudence principle, Or whether the justice can also say, reliable, whether there is overvalued.This research shows that: in the2006accounting rule, most of the Chinese enterprise as disclosed inthe goodwill and identifiable intangible assets value is relevant and unreliable that is understated, but tohave a lot of internally generated identifiable intangible assets of famous enterprise that,2006yearsaccounting system reduces their usefulness. I went through a comparative analysis of the theory that:2001enterprise accounting system, most of the Chinese enterprise report reputation and identifiable intangibleassets are related but not reliable, reputation and identifiable intangible assets is undervalued.So we can draw the conclusion: the accounting regulation, especially in intangible assets, effort andinternational accounting standards convergence is desirable, is can reduce the intangible assets andgoodwill of the deviation of the level. The author believe that the results of the study of accounting forresearchers and participate in our country enterprise accounting standards revision of the personnel, is aprecautionary, especially in intangible assets.