Research On Contingency Accounting Information Disclosure Of Listed Companies

From the analysis of "Listed company’s implementation of Accounting Standards" issued by the Ministry of Finance recently. Contingency business has great influence to listed companies’financial position and operation results. With the development of economy, contingency is becoming complicated, and there are more and more listed companies having contingency business. Throughout the status of our country’s listed companies’contingency accounting information disclosure recently, it seems compliant overall, but there are many events that listed company being penalized or even facing the risk of delisting because of insufficiency or untimely disclosure of contingency accounting information. For example,*ST Jincheng was exposed because of series of illegal disclosure, and it hided the loan guarantee for ten years until investigated by SFC. Frequent illegal disclosure events make it necessary to improve the level of our listed companies’ contingency accounting information disclosure, preventing the illegal disclosure events and reducing the influence of illegal disclosure. Practical problems also reflect the defect of theoretical research. By now, our country has not yet built a complete contingency accounting system, and our contingency accounting standard is not perfect either. These make it necessary to provide complicated contingent business normative guidance. Based on the above consideration, the thesis will take contingency accounting information disclosure as the research object.The thesis mainly uses the method of normative research, supplemented by case study and data analysis. It takes*ST Jincheng illegal disclosure of loan guarantee as the through point, dissecting the problems in contingency accounting disclosure of our listed companies, exploring the reasons of existing problems deeply and seeking the solutions. The content is mainly divided into six parts:Part I, introduction. It briefly introduces the background and significance of the study, giving a literature review of aboard and our country’s study on contingency, indicating the content and method of the study, and also pointing the breakthroughs and limitations.Part Ⅱ, theory of the thesis. It systematically introduces the uncertainty accounting theory and theory of information disclosure which involved, and makes a comparison of norms about contingency accounting information disclosure among IASB、FASB and our country.Part Ⅲ, reveals contingency accounting disclosure status quo of our listed companies. Firstly, it makes a comprehensive analysis of contingency accounting information disclosed in2011. Then it takes*ST Jincheng irregularities as typical cases focusing on the disclosure status. Finally, it makes an evaluation on disclosure status quo of listed companies’ contingency accounting information, and points out the existing problems.Part Ⅳ, dissects the causes of existing problems in contingency accounting information disclosure. The paper will expound the reasons from three aspects; involving accounting entities’ subjective motives to use uncertainty, faultiness of specifications in contingency information disclosure and the insufficiency of regulatory.Part Ⅴ, suggestions of perfecting contingency accounting information disclosure. The thesis will make efforts from three sides, including that enhancing the accounting entities’ awareness of utilizing the uncertainty rationally, improving contingency information disclosure system, strengthening supervision and penalties.Part Ⅵ, Conclusions.According to the above research, in my view, the reason of repeated problems exposed in contingency accounting information disclosure including accounting entities having the profit motive to use contingency, imperfect theoretical framework of contingency and insufficient regulation. In this regard, we proposed that enhancing accounting entities’ sense of using uncertainty of contingency rationally, strengthening professional ethics education and follow-up skills of financial officers, perfecting the theoretical framework of contingency, improving the operability of the accounting standards of contingency, enhancing the information disclosure system, establishing the common regulatory mode of the government、society and enterprise, increasing the penalty of illegal contingency accounting information disclosure etc. The study hopes to arouse the parties to pay attention to contingency accounting disclosure. It expects to make a little contribution to perfect contingency information disclosure in theory and advance the level of contingency information disclosure in our listed companies.