Accounting Information Quality Evaluation For Railway Transportation Enterprises

At present, China’s economy is developing very fast, in which China’s railway system has made an immeasurable contribution. In the new era of "Eleventh Five Year Plan", the railway system needs to achieve further development to adapt to the new circumstance. In the future development of the railway, the railway transport enterprises must make their management to a new level for the need of further investment and financing construction. To meet the funds demand, investors, creditors want a clearer understanding of the railway management situation to ensure the correctness of their own decision, and reduce investment risk.Accounting is an activity of economic management, using the currency as the main units of measurement, to reflect and monitor the management progress of an enterprise. Accounting information can reflect the operating conditions of an enterprise to provide a basis for internal and external information users to help decision-making. In the future development of railway transport enterprises, they must improve their own accounting systems to generate the quality of accounting information produced from accounting information system in order to adapt to changing internal and external business environment, and also find problems on management. If the railway enterprise plans to operating in form of joint ventures, entrusted with the operation or other investment and financing activities, it is necessary to provide high quality accounting information to investors and creditors to meet their information needs. Under the current circumstances, because of historical and other reasons, the accounting information provided by the railway accounting system cannot satisfy need of every aspect. There is an urgent need to build a framework of accounting information quality which reflects characteristics of the railway enterprises management, to meet the requirements of the current economic environment, and guide the future accounting work.In this paper, on the basis of the analysis of previous theories on the quality of accounting information, I build the framework, of the quality of accounting information characteristics for railway enterprises, and clarify the direction of the railway accounting should be developed in order to be able to make a useful contribution to railway accounting practical work.