The Study On The Value Correlation Of Deferred Income Tax Accounting

In the year of 2006, income tax accounting treatment have an important measure "the accounting standards for enterprises NO.18-income tax in our country, it is a sign of our country income tax accounting treatment towards a new milestone, achieved with the international convergence. The financial accounting standards announcement NO.109 and the international accounting standards NO.12 are defined using the balance sheet debt method, and suggesting that investors in the capital markets for the demand of market competition strategy, is more importance than before on enterprise financial position and operating results for a long time. Because the deferred income tax assets and deferred income tax liabilities project conform to the connotation of the assets and liabilities,so it more embodies the concept of "balance sheet". The CAS 18— income tax standard (2006) stipulated in the confirmed deferred income tax, so the implementation of the CAS 18— income tax standard (2006) of deferred income tax influence the value relevance of accounting information.It considers that deferred income tax assets is different from the other physical assets of the enterprise, deferred income tax assets confirmation has led to the virtual component of real value of the enterprise assets in this paper. This is because the corresponding deferred income tax is the unrealized gains and losses, cannot be fully realized, and also in the new income tax standard setting the discount will be made to deferred income tax, so the deferred income tax influences the future tax situation, this article will affect the tax consequences as deferred income tax of ductility.It analyzes the value relevance of deferred income tax accounting information theoretically, the first scholars conducted on the basis of learning from the previous research, the summary of the existing research results, by its own research questions in this paper. So this article focuses on the consideration of deferred income tax ductility, the deferred income tax changes in the value relevance of accounting information, and is verified the divisions.Based on the Ohlson (1995), the price of the model, using STATA.12 empirical test software, as the year from 2007 to 2012 in Shanghai and Shenzhen A-share listed companies as research samples, tested the deferred income tax accounting information in the role of stock pricing. The results showed that:(1) The net deferred tax has value relevance; (2) Ductility of the deferred income tax handed decreases net deferred tax asset value relevance; (3) The value of the deferred income tax accounting information correlation degree because of the different industry; (4) Ductility of the deferred income tax impacts of recursive net deferred tax asset value relevance degree will different, because of different industries. The results of the research show that the deferred income tax’s disclosure project to improve the quality of accounting information correlation has certain contribution to fully disclose the deferred income tax assets and deferred income tax liabilities to report users who operates conditions of the enterprise to make accurate predictions. Considering the circumstances, the ductility of the deferred income tax handed the accounting information of the deferred income tax for investors to make the investment decision more accurate than before.