Research On The Reform Of Presentation Of Financial Statements

With the capital market playing an increasingly important role in economic development,investor-protection is increasingly becoming one of the most important engine of the informationto influence and promote development of capital market.At the same time, presentation of financialstatement conveyed information for Investor-Protection increasingly highlight the fundamentalrole.At present,many scholars are enforcing the ideal of investor protection mainly from theperspective of the study of legislation, and investor-protection research related to corporategovernance from micro-level. But as the development of social and economic, the practical casesrequire increasingly high standard for investor protection. The system of social norms and marketmechanisms further show the important role of investor protection.And then Accounting show thebasic system and basic function of information in the investor protection.In fact, the presentation of financial statements and investor protection has a link in a longhistory. The reason of protection investors accounting for the problem of accounting fraud andsecurities fraud, such as there have been such as Enron, WorldCom, Lam Tin Informationfraudulent transfer of assets, earnings manipulation and many other acts at home and abroad.Thoseacts offen damage the majority of the interests of investors and a serious blow to confidence ofinvestor.Furthermore, it also lead to the capital market malaise, and even induce the financialtsunami until the recession.After each such incident, the accounting will always be pushed to thecusp to be blamed for this thing. Since2008, FASB and IASB are ready for pushing financialreporting reform under pressure from all sides based on those backgrounds, combined with thestatus quo of China’s Financial Reporting Standards practice from the perspective of the protectionof investors to reform financial statements.Writing framework of this paper is divided into six chapters. The first chapter is an introduction,it propose research background and significance of this article, and summarizes the point ofresearch and innovation point of this article, trying to be summarizing this article from a macroview, and put forward to their point of view and the limitations of the article. The second chapterreviews the main content of the existing domestic and international financial statementpresentation and financial reporting reform research, and Commentary, and thus leads to the mainpoints of the reform of the existing financial statements and financial reports from the perspectiveof the protection of investors.The third chapter elaborates on the basic theory of financialstatements and relate mathematical model based on investor protection perspective. The fourthchapter introduce from the IASB on the reform of the financial statements and its main content description and evaluation. Chapter V discusses our financial statements for presentation toimprove the protection of financial statements to improve review for investor protection, defectsand recommendations. Chapter VI, by the actual case, the sub-sub-parallel to the comparisonsubjects, finding out the benefits of its investors to analyze financial statements, and come to thisthe conclusion of the statement of comprehensive income and cash flow statement in thediscussion paper.