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Research On The Off-the-statements Disclosure Of “Delisted Bo Yuan”

Posted on:2018-12-12Degree:MasterType:Thesis
Country:ChinaCandidate:Y WuFull Text:PDF
GTID:2359330515973617Subject:Accounting
Abstract/Summary:PDF Full Text Request
Financial reporting is an important means for enterprises to transfer financial information,it includes basic financial statements and other relevant information and materials that should be disclosed in financial reports.Because of the limited capacity of financial statements,it is necessary for enterprises to disclose the relevant information off-the-statements,otherwise it cannot meet the needs of investors.China has introduced a number of relevant documents on the disclosure of off-the-statements disclosure,which not only has an extremely important role in the development of off-the-statements disclosure,but also provides a legal basis for off-the-statements disclosure norms.The enterprises disclosed in the financial statements for the past data items of the enterprises has occurred,but with the development of accounting information disclosure,information users pay more attention to the enterprise information uncertainty prediction for the future,which makes the off-the-statements disclosure becoming more and more important in the financial reporting system.In order to achieve the purpose of accurately predicting the future development of the enterprise,information users pay more attention to off-the-statements disclosure,and they hope that the enterprise can disclose as much information as possible.Information users want to be able to avoid unnecessary economic losses,and access to high returns at the same time,which makes them exact demands the quality of off-the-statements.Based on the theory of off-the-statements disclosure: principal-agent theory,information asymmetry theory,stakeholder theory and internal control theory,it uses normative research methods for conducting a comprehensive analysis about "delisted Bo Yuan ".After reviewing the event,it has deeply explorated the problems of the "delisted Bo Yuan",summarizes up the reasons for delisting,and concludes the issues are not only include the system loopholes of off-the-statements disclosure in the specification of the listed company,the responsible person are not clear,and the diversity of information users can also cause the non-standard information disclosure.In addition,in the micro aspects,the corporate governance structure is not perfect,and the quality of financial staff is not up to the standard must be accelerate the process of delisting of Bo Yuan.After analyzing the reasons causing Bo Yuan delisting,combined with the present situation of information disclosure,it summed up some enlightenment to the disclosure of information out of specification for listed companies in china on macro level and company level.In order to ensure the effective operation of China's securities market,and the accounting information disclosure has a long-term healthy development,we should perfect the external information disclosure system,build up the introduction of standardized disclosure sheet corresponding information,we also should be clearly the responsibility of various departments,increase the punishment for the person directly responsible.For listed companies,they should standardize corporate governance structure,establish internal control system according to the actual situation of the company,and ensure that the internal control system can be effectively implemented;Professional knowledge training work for the company's financial staff should be continuous,to improving the quality of personnel.Only in this way can help investors and creditors and other information users to understand more information of listed companies,and safeguard their legitimate interests are not infringed,also help enterprises to absorb more investment,and raise more money.This is of great significance to the national economic environment,the interests of investors,and the growth of enterprises.Cooperate with each other in all aspects,and do a good job of information disclosure norms,then to hope China's listed companies to disclose information disclosure norms,and improve the usefulness of off-the-statements disclosure.
Keywords/Search Tags:listed Company, off-the-statements disclosure of the accounting information, specification to disclose
PDF Full Text Request
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