Optimization Research Of Accounting Regulation System Of Listed Companies In China

As the number of listed companies increasing,scale expanding,listed companies havebeen an important part in the socialist market economy of China.Therefore, in order to ensurethe market economy develops healthily and orderly,the accounting regulation of listedcompanies plays a decisive role.The accounting fraud scandals of listed companies remainendless，for example：Sanmao，Green Earth，Changhong, the Czech Republic and so on. Thisissue seriously damaged the interests of small investors. Even in some listed companies,thephenomenon of environmental pollution and resources wasting is serious，damaged theinterests of the majority and the sustainable development of social economy．For theaccounting regulation issues of listed companies, domestic and foreign scholars have putforward some dynamic accounting regulatory measures, our government accountingregulatory authorities have taken appropriate measures, such as the introduction of advancedinformation technology, perfection relevant laws and regulations, but with little success.The specific performance of Chinese current accounting regulation system of listedcompanies: the accounting regulatory objective lacks of practice guidance; laws andregulations are not enough in the face of increasingly complex economic activities andaccounting activities; accounting regulatory body single， the lines of powers andresponsibilities blurring，lacking of dynamic coordination and mutual restriction，accountingregulatory activities decentralized and isolated；The selection of accounting regulatory objectsis not scientific，the content of accounting regulatory is not perfect,accounting regulatoryobjects are not supervised fully and effectively; the accounting regulatory methods lag of thedevelopment of information technology, most afterwards，don’t form a continuous, real-timeand comprehensive regulatory process, can’t provide high quality accounting informationtimely and fully; regulatory functions have not been effectively played, stakeholders’legitimate interests can’t be protected. The thesis carried out further research on the basis ofthe scholars, consider the main reason for the failure of accounting regulation system isChina’s current accounting regulation system of listed companies is not play the dynamiccharacteristics fully and adapt to the dynamic development of social economy. Therefore, this thesis wants to optimize accounting regulation system of listed companies in our country,change the status of our country’s accounting regulation of listed companies.Optimize accounting regulation system of listed companies can’t be established at onestroke, which is a complex systems engineering. This thesis mainly relies on normativeresearch，uses the method of literature research,system analysis and comparative analysis.The thesis is divided mainly into six parts: the first part is the introduction, which describesthe research background，the purpose and significance, research status at home and abroad,the research method and the main content, the innovations．In order to provide theoreticalsupport for optimizing accounting regulation system of listed companies，the second partintroduces the stakeholder theory, game theory, process theory and grid/group theory;Thenredefines the accounting regulation and describes the characteristics of accounting regulationsystem should have. The third part makes a detailed analysis from organization, system andpersonnel for the situation of accounting regulation of listed companies in our country，according to the problems of six elements such as accounting regulatory objective, basis, body,object, method and function．The fourth part optimizes accounting regulation system of listedcompanies of our country from five aspects such as accounting regulatory objective,accounting regulatory basis, accounting regulatory body, accounting regulatory object andaccounting regulatory method, accordings to the influencing factors and the basic principleswhich needed to be considered．This part is the main part of the thesis, including twoinnovations of this paper：First，to achieve the target of “coordinate the interests ofstakeholders effectively, realize the fairness and efficiency of the market”，put forward themethod of management by objectives which decomposes the objective of accountingregulation，decompose the responsibility to the department, to the person, let the regulatoryobjective has practice guidance．Second, combine the advantages of free cash flow index andextensible business reporting language (XBRL)，for improving the method of accountingregulation and implementing dynamic accounting regulation for stakeholders in real-time,accurately，consistently and comprehensively. The fifth part puts forward that for theoptimization of accounting regulation system， need the security from two aspects oftechnology and the system, then forecasts the optimization of accounting regulation systemmay produce economic effect and social effect；The last part is the summary of this thesis, including the conclusion and innovations，also the limitations of optimizing accountingregulation system of listed companies in our country.