Research On Information Disclosure Of Financial Statements Notes Of Listed Banks

The 21st century is the era of knowledge economy and information economy. In the era dominated by knowledge and information, stakeholders increasingly not satisfied with the financial statements that only have number information, but have strong demand to the financial statements notes that both have number information and text information. The listed banks as the core of modern finance, play an important role on the development of the national economy, is the nerve centre of national economy. In recent years, the financial innovation in the listed banks is dooming as the pace of financial globalization speed up, the risk of the listed banks become more prominent. The new capital of Basel make the market discipline as one of the three pillars of financial supervision and advocated the complete disclosure of risk information in commercial banks. Throughout the economic situation in recent years, the frequent outbreak of the financial crisis is due to the bank excessive shield the information. However, a large number of information such as the risk management information is not available through the financial statements, it can be only disclosed by financial statements notes. In order to improve the quality of listed banks information disclosure, meet the listed banks’stakeholders information needs, improve the ability of the listed banks to resist the risk, shorten the gap with international standards, this paper studied the listed banks information disclosure from the financial statements notes perspective.The paper combines the method of normative research and the descriptive statistics method in empirical research. The paper reviews the domestic and international standard of financial statements notes information disclosure of listed banks and compare the standards in our country, then compare the domestic standards with the international standards. Then analyzes the present situation of the financial statements notes information disclosure of listed banks from accounting policies, accounting estimates and its change and the error correction disclosure; off balance sheet activities disclosure; events after the balance sheet date disclosure; tax disclosure; risk disclosure and non-financial information disclosure based on 2013 annual report. Find the problems of the financial statements notes information disclosure of listed banks that is the format of the information disclosure is not same; the content of the information disclosure is not complete; risk information disclosure is not enough. Then analyzes the reasons:the financial statements notes information disclosure of listed banks is lack of specific accounting guideline; the standard of the financial statements notes information disclosure of listed banks is conflict; the external supervision of the financial statements notes information disclosure of listed banks is not worked; the basic condition of listed banks is not perfect. Last put forward the countermeasures to improve the quality of the financial statements notes information disclosure of listed banks that is; perfecting the principle of the financial statements notes disclosure; strength coordination between the standards; perfecting the risk information disclosure; give full play to the external supervision; perfecting the basic condition of listed banks.The main contribution of this paper is that analyzes the 16 listed banks’annual report from financial statements notes perspective, changes the shortcomings that the object of study is not enough and the questions is not representative. In addition, this paper put forward constructive suggestions to improve the financial statement notes information disclosure of listed banks. The paper put forward that standardizing the format of the financial statements notes of listed banks, enriching the content of the financial statements notes of listed banks, improving the prospective of the principle of the financial statements notes in perfecting the principle of the financial statements notes disclosure. The paper put forward the linkage mechanism to strength coordination between the standards including information communication mechanism, mutual assistance mechanism and mutual supervision mechanism. To strength communication between the institutions, share information between agencies, realize the collaborative innovation. In order to attract the attention of theorists and practitioners on improving financial statements notes information disclosure of listed banks.