Research On~*ST Company's Earnings Management Using Non-Recurring Gains And Losses

According to the different probability of the possible occurrence of profit and loss in each time period,we generally divide profit and loss into two kinds of situations.The first kind is durative deficit,the second kind is not durative deficit,put simply the probability that latter produces has very big contingency,the time that its happening and frequency do not have law to follow.Therefore,when it happens,it will not reflect the real prospect of enterprise development.As far as the current situation of China is concerned,China does not have a clear rule on the latter.There is a great controversy over what is the unsustainable loss and how to prove whether it is the unsustainable loss.State's relevant policies on the ambiguous,on the one hand of continuous losses facing delisting company no unsustainable loss of hard Numbers,but on the other hand because of continuous loss and delisting of listed companies want to do ask its net profit after deducting non-recurring losses but also be in considerable Numbers.This gives a lot of companies that want to go public again a lot of room to operate on it as a center of gravity.The manipulation of this aspect by long-losing companies facing delisting will affect the right investment of investors and the positive development of the marketIn this paper,it is very important to take necessary measures against non-sustainable losses by analyzing classic cases.Before analyzing typical cases of companies,it starts from the theory and then combines with the actual situation for specific analysis.After consulting a large amount of data,I found that the premise for the occurrence of non-sustainable loss is the asymmetry of resources in the hands of both parties.The resources not only refer to the substantial resources,but also include the resources converted from information.Directly lead to unsustainable loss is the cause of the current policy is imperfect,has led many companies to see the loopholes and exploited the loophole,the two conditions of any a block from the source are likely to avoid the happening of unsustainable loss,but it's a pity,for now,though related departments have been making efforts in effect and observation.After the theoretical foundation is consolidated,the author will take qianjiang motorcycle as the typical representative to analyze.From the relevant data,the main work of qianjiang motorcycle in the non-sustainable loss is the purchase and sale of fixed assets and rental.However,in the registration of its relevant departments,its motorcycle sales business was its main business.When the company's main business was in the red,the company used policy loopholes to turn the non-sustainable loss into the main means of turning a profit,and in the following years,it obtained a large amount of funds from the market.At the same time,the main reason for taking qiangjiang motorcycle as an example in this paper is that it is quite typical and that it is enough to show that the policy loophole is very large and it is urgent to immediately adjust the policy and make targeted supplements.