The Empirical Research On The Influence Of Impairment Of Assets On The Quality Of Accounting Information Under The New Accounting Standards

The aim of the study is to verify that whether the implementation of the new guidelines could effectively narrow the space of earnings management of listed companies, inhibit the earnings management behavior, and improve the quality of accounting information.The article use of empirical research methods and take the Shanghai and Shenzhen A-share listed manufacturing companies as the sample. Using the descriptive statistics on asset impairment provision between2005and2010before and after the implementation of new standards,and as the basis for using the regression model for multivariate linear regression analysis.The article analyzes the situation that the company use of impairment of assets to manage earnings and the influence of the quality of accounting information for changes in accounting standards in the sample of listed companies in the6years.This article is divided into3parts,theoretical analysis, policy analysis and empirical analysis. Theoretical analysis part starting from the most basic concept to explain the basic meaning of the asset impairment and quality of accounting information, the theoretical basis and the significance of implementation; Policy analysis section discusses a number of policy changes on the impairment, of assets under the new standards, issues on the implementation,affect of the quality of accounting information and the measures recommended; In the empirical analysis, this study put forward the hypothesis, the study sample, the variable selection and the model design, using SPSS software to complete the descriptive statistics and multiple linear regression analysis, and combine with the macro-environment properly to make a reasonable explanation.The empirical results show that the new standards play a role in inhibition the listed companies from abusing the impairment of assets to manage earnings,the asset quality has been relatively good guarantee,the relevance and reliability of information to the impairment of assets have been improved, and the usefulness of the information in decision-making has been promoted. This will help the enterprise to adopt a more cautious approach in the external reporting of accounting information, and help investors to understand the true financial situation and operating results, in order to make more accurate decision and reduce investment risk. However, in the turbulent background of the financial crisis,there are a higher degree of difficulty and uncertainty in the provision for impairment of assets,besides,the fair value of assets is difficult to determine.Some companies take this opportunity to use the asset impairment to manipulate profits, so disclose the false information.Because of some problems in the impairment of assets, the article raised a number of measures:First, improving accounting standards. Make efforts to identify options of accounting policy on asset impairment as clear as possible, avoid subjective and arbitrary in the implementation of accounting policies,restrict the use of the inappropriate method and reduce the possibility of human operation. The second is to establish and perfect the internal control system of asset impairment. Put the internal audit and supervision throughout the whole process of records and disclosure of asset impairment provision, in order to maximize its role and strengthen internal management. The third is to improve the quality of external audit and supervision. Give full play to the supervisory role of the Certified Public Accountant to the audit of asset impairment. When do the substantive testing, considering the factors arised that may impact the impairment, evaluating asset impairment objective and impartial. The fourth is to improve the professionalism of the accounting staff. Accounting staff not only have a solid financial expertise, but also have strong analytical ability, judgment and extensive experience in corporate management.