Research On Assets Impairment Accounting Of Manufacturing Listed Companies

Accounting for impairment of assets has been the accounting theory and empirical focus. Accounting for impairment of assets in our country had a history of nearly20years, asset impairment accounting standards experience ready "from two to four ready" to "eight" to prepare this course, until the extension of the present in February15,2006, implemented from January1,2007, Accounting Standards for Enterprises No.8,"Impairment of Assets" accounting standards. Although the release of a new asset impairment accounting standards, accounting behavior of listed companies, strengthen the quality of accounting information and lay a solid foundation, but the actual implementation process, there are still many problems. So, based on the background, the paper explored the impact factors of manufacturing listed companies on the application of asset impairment accounting from three aspects of the economic factors, earnings management and contract cost factors.The paper demonstrates the domestic and foreign relevant research results and be based on accounting objective theory, future economic interests of the concept, relevance and reliability trade-offs and the principle of prudence, first, the paper analyzed the influencing factors of the asset impairment accounting applications for listed companies, provided a theoretical basis for the assumption of the fifth chapter of the empirical research part. Second, the paper reviewed the course of development of the asset impairment accounting, and selected a single manufacturing listed companies to provide the current situation of a comprehensive descriptive statistics for the listed manufacturing companies in China2010from the whole, sub-industry and region to region of these three aspects, then, the paper also had a brief describe analysis on the reversal of the asset impairment and found that it existed some certain characteristics about manufacturing listed companies on the application of asset impairment accounting, and pointed out the problems of asset impairment accounting in the implementation. Then, using the methods of empirical research, through the establishment of multiple linear regression model, the description of the variables, multi-collinearity test, single variable correlation analysis and multiple linear regression analysis, taking the impairment of assets of listed companies rate as the explanatory variable, the growth rate of return on total assets, the total assets of the logarithm and the asset liability ratio as the continuous variables, the losses motivation, cleaning motives and profit smoothing motive as the virtual variables, to analyse the influential factors of selecting the asset impairment accounting in manufacturing listed companies of China. The result showed that the factors which influence the asset impairment accounting applications for listed manufacturing companies are their own economic factors, the motivation of earnings management factors in the losses and profit smoothing motive, debt covenants cost factors in the contract cost factors. Finally, according to the fourth and fifth part of the analysis, put forward the policy recommendations for the specification of asset impairment accounting.