Research On The Accounting Policy Choices Within The Framework Of Corporate Governance

With the establishment and the maturing of China’s socialistic marketingeconomical system, the value of financial information’s decision-making hassignificantly increased. In a sense, while the accounting policy options is animportant factor of affecting the quality of enterprises financial information, thequality of enterprises financial information directly related to the healthydevelopment and the orderly functioning of the market economy. Financial reportsshould reveal clearly the significant accounting policies used in the preparation ofthe financial statements, so that the user could use this information fordecision-making. This paper takes the listed companies as the research object todiscuss the choice of accounting policy in the governance of enterprises.This paper is divided into three parts:The first part is the theoretical basis of the paper which will represent thegeneral theory of enterprises governance and accounting policy options, analyzecomparatively of the relationship between enterprises governance and accountingpolicy options. By taking the literature in and abroad as references, it is clearly thatthe accounting policy options are surely under the constraints of enterprisesgovernance system and they are closely related.The second part of the paper analyzes firstly how the enterprises governancestructure affects the accounting policy options. Take the two most typicalinternational enterprises governance model as analysis object, which are UnitedStates market-oriented enterprises governance model and Japanese network-oriented enterprises governance mode. And then I analyze the difference ofaccounting policy options under these two governance mode. At the end of this part Ianalyze the governance situation of listed companies in our county and how weshould make the accounting policy options.In the third part I represent a deeply study on enterprises governance structure of China’s listed companies and accounting policy options. Due to the lack ofinternal enterprises governance and imperfection of external enterprises governance,accounting policy options of our listed companies has clear opportunity tendencies.So from the perspective of enterprises governance, advices which the accountingpolicy options enterprises should be transferred from the opportunistic to efficiencyrecommendations are put forward as follows. First, we should improve the structureof listed companies. Second, we should seek innovative arrangements of thegovernance structure of listed companies on accounting policy options.