| In our country,loss-making listed companies have always had the behavior of satisfying regulatory requirements of the securities market through earnings management.Earnings management refers to the management of the company using the deficiencies in the laws,regulations and accounting standards under the premise of complying with the relevant laws,regulations and accounting standards.Through certain methods,the accounting information in the statements is adjusted to make self-interests.Maximize behavior.Under the increasingly fierce economic competition in the world today,the behavior of excessive earnings management in listed companies of our country emerges in an endless stream.This practice will bring huge economic benefits to enterprises in a short period of time.However,in the long run,it will also harm the development of the company itself.,Endangering the economic interests of investors and harming the order of China's market economy.Asset reorganization activities are the major means of managing the earnings of listed companies that have suffered a lot of losses in recent years.In this regard,domestic and foreign scholars have done a lot of research on earnings management and asset reorganization.Based on extensive review of related data,this article combs and summarizes these research results.The relevant theoretical concepts of earnings management and asset reorganization are systematically described,and a comprehensive analysis of the issue of earnings management in asset reorganization has also been conducted,laying a foundation for subsequent case studies.In the subsequent case study section,this article is based on relevant theories and combined with China's actual national conditions.The analysis of earnings management issues was carried out through the asset restructuring of LY Co.,Ltd.as an example.Afterwards,the paper selects the financial report data of LY Company from 2013 to 2016 as an example to analyze the effect of the company's earnings management.This 4 years is the 4 years of LY's asset restructuring activities.In the 4 years,the company's economy has fluctuated greatly.Analyzing the financial statements for the past four years can provide a comprehensive understanding of the effectiveness of the company's earnings management in asset restructuring activities,and then analyze the impact of the company's earnings management on stakeholders such as the company itself,investors,and creditors.Finally,on the basis of a thorough study of LY's asset restructuring activities,it puts forward its own proposals for governance of earnings management and draws conclusions.Through research,it has been found that through the management of earnings,LY Co.,Ltd.can bring great benefits to the company in a short period of time,enabling the company to get rid of the immediate operational difficulties.However,after this,if no substantial measures are taken to improve the company's performance,the company's profits will gradually decline,return to the state before the reorganization,and may even become even lower,indicating that earnings management can only be an urgent matter,not a long-term one.meter.Moreover,excessive earnings management can also harm the healthy development of the company.This requires us to correct our attitude and strengthen our research on earnings management.Actively use the positive role of earnings management to create wealth for the society and society,and create a good environment for the capital market.At the same time,we must effectively prevent and curb excessive earnings management practices and make continuous,healthy development and social stability for enterprises contribution. |
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