Research On Accounting Information Quality Evaluation And Optimization Of Railway Transportation Enterprise

In March2013, the State Council canceled the former Ministry of Railwaysunder the institutional reform and function transformation scheme, while build the National Railway Administration of People’s Republic of China and China Railway Corporation. So the implementation of government functions from enterprise management would establish modern enterprise system, make clear about the enterprise propertyof railway companies and further straighten out the mechanism of railway investment and financing system. With the development of railway investment and financing system reforming, the accounting business also have been presenting the diversification and complication. The new situation, new changes and new risks which facing call the railway enterprisesfor accounting information to keep pace with the times——timely and accurately reflect the financial position and operating results, in order to further satisfy the needs of creditors, investors, governments, and the management of railway enterprises and the public. Consequently, the accounting information quality of railway enterprise directly affects operational decision-making, value evaluation and investment decisions of investors and financing strategies of loaners, it concerns right decision-making and operational efficiency of the market.Different from other industries, railway enterprise has a large organization, complicated production procedures, backward accounting standard, and incomplete internal control and accounting information system, which prohibits the improvement of railway enterprise accounting information quality. Therefore, it’s imperative to study on how to improve railway enterprise accounting information quality and realize the goal of better using accounting information.Based on accounting and economic theoriesconcerning about the influencing factors and economic consequences of accounting information quality, this paper makes clear of the accounting information quality evaluation standard and evaluation method in the past literature. Then, the paper sets up the framework of railway transportation enterprise accounting information quality characteristics, and makes evaluation on railway accounting information quality. Next, the paper analyzes the problems of railway accounting information quality——the unified accounting standards used in different companies, unrealized marketization of liquidation of the freight revenue, timelag of business information transmission across the different departments, difficulties in evaluation of specialized assets, complexities in maintenance operation cost calculation, imperfection of the internal management contract and weakness in accounting basic management work.Finally, the paper puts forward policies to optimize accounting information quality control and supervision so as to strengthen railway internal accounting information control and improve railway accounting information quality.