Empirical Research On The Influence Of Listed Company Implementing The New Accounting Standard Which Guides The Assets Impairment Provision

Impairment of assets to manage earnings has been an important means to this end,the Ministry of Finance continued to amend the Accounting Standards for Enterprises,February 15,2006,"Accounting Standards for Enterprises No.8?Impairment of Assets" modern enterprise profit manipulation In this case came into being.The increase of the specific criteria,compared with the previous asset impairment criteria test,confirm the asset impairment loss,measured,and impairment of assets,provision for the scope of have taken place in a lot of changes,especially for Impairment of assets has confirmed that the provisions can not be reversed to the behavior of listed companies by the impairment of assets to manage earnings by certain restrictions.Of this study is divided into five parts:The first part of the introduction.Describes the main research content and.arrangement,the first describes the background of this study stated in this article is based on what the context of the issues raised,and then describe the purpose and significance of this study,the study of content a brief introduction,and the clarity of the research framework using graph,the last innovation of this study point.Second part of the literature review.Draws in part on the literature of the impairment of assets and earnings management studies at home and abroad,mainly introduced from two directions,on the one hand,the domestic situation,namely,domestic literature review before the promulgation of the new guidelines until the new guidelines after the enactment of domestic research and development,on the other hand,the foreign situation,namely the Review of foreign literature,foreign research and development to the new guidelines issued before the promulgation of the new guidelines,and explain the criteria due to the unique economic system differences.The third part of the asset impairment standards and earnings management,the theoretical basis.Theoretical basis for this part of the proposed changes in the new asset impairment criteria for the problem,research the specific impact of changes in the new guidelines on earnings management.Main content The first is the old and new asset impairment standards for an overview about the nature of the old and new guidelines for the basic content of asset impairment accounting,asset impairment accounting and the accounting standards of relevance and reliability,as well as the difference between the old and new guidelines,followed by earnings management overview of the theory,introduces its operating procedures and operating principles of analysis as the end of this chapter,and finally the mechanism of action of the earnings management to the new guidelines.In the fourth part of the new asset impairment standards for empirical analysis of the impact of earnings management.That part on the basis of the theoretical basis and the problem of the third part of the research hypotheses,select appropriate research methods and models in the study selected manufacturing industries from 2003 to 2010 as samples in the study assumptions,will earnings management motivation of all enterprises are divided into two categories,namely,to exaggerate the losses and smooth the profit motive(MEM1),prevent loss and reverse losses motive(MEM2)First sample each year for impairment of assets to prepare the accrued amount and the reversal of the amount of descriptive statistics,regression analysis and then the model,the last five financial indicators to measure the quality of assets of the company,and analysis before and after the promulgation of the new guidelines changes in asset quality further verify the conclusions of the study.The fifth part,the study conclusions and recommendations.The main part is the conclusion drawn by the first four parts of the normative and empirical analysis,then the problems found in the conclusion of the study put forward corresponding countermeasures and suggestions,and finally the subject to the limitations of the study in adequate.Empirical research,obtained after the promulgation of the new asset impairment criteria,the motivation of earnings management(MEM1 and MEM2)on impairment of assets net provision rate has declined,and the promulgation of new guidelines on corporate earnings management Behavior plays a certain extent,to verify the profitability of corporate assets have a significant effect on the assumption that impairment of assets,and obtained in the analysis of asset quality indicators of the quality of the assets of listed companies from 2007 to 2010 higher than the conclusion of the 2003-2006 asset quality,which further illustrates the implementation of the new guidelines on the inhibition of earnings management,crowding out some of the water in the enterprise,improve the quality of the assets.The main contribution of this paper is to verify not only the two types of earnings management motivation after the promulgation of the new asset impairment criteria(exaggerated loss and profit smoothing and prevent loss and reverse losses motive)to get a certain amount of inhibition,the net provision for asset impairment rate reduce the impact,given a description of the specific impact on the enterprise's own ability to profit on the provision for impairment of assets;verify the specific effects after the implementation of the new asset impairment criteria that improve the quality of assets.This article also deficiencies,prepare the net impact of asset impairment provision rate factor choice does not take into account all the factors,such as economic factors that may have a certain impact on the model,even the goodness of fit of the model is not high enough;only the manufacturing industry,but not for other industries to conduct further studies.