A Study On Accounting Information Disclosure Of Government Subsidies In Transportation Industry

On May 10,2017,On May 10,2017,the Ministry of Finance issued the Circular on the Issue and Amendment of Accounting Standards for Enterprises No.16-Government Subsidies(Finance and Accounting No.2017)and revised the Government Subsidies Standards.The revised government subsidy standard not only adds the accounting subject of "other income" and lists it on the operating profit,but also allows enterprises to choose between the total price method and the net price method for the accounting treatment of government subsidy.As a result,the government subsidies recognized by listed companies,which are included in current profits and losses,are no longer listed only in one item of non-operating income,but in addition to non-operating income,they may also affect such items as operating income,operating costs,period expenses and other income of listed companies.This change in information presentation items will inevitably affect the use of accounting information by users of statements and the calculation of relevant financial indicators.Due to the updating of the government subsidy criteria,different treatment methods under different criteria before and after the updating will lead to differences in research results,and there are certain limitations in the time span of research and the abundance of industry samples.Most of the existing studies focus on the change of the new government subsidy criteria,and mainly focus on comparing the content changes of the new government subsidy criteria,changes in accounting methods,and how enterprises apply the new government subsidy criteria.All of these focus on the interpretation of the new criteria.The characteristics of sample selection pay more attention to the overall study at the macro level,and few focus on specific enterprises from the new criteria.Or the impact of changes in the industry perspective.Firstly,this paper states the theoretical basis of the changes of the new and old government subsidy standards;secondly,it introduces the current situation of the listed companies'obtaining government subsidy in China,and studies the transportation industry as an example;secondly,it introduces the information disclosure of the listed companies'transportation industry in China from the perspective of the changes of the new and old government subsidy standards;finally,through the above information disclosure situation.This paper analyses and summarizes the problems existing in information disclosure of government subsidies in transportation industry,and puts forward further countermeasures and suggestions.This paper takes the transportation industry of Listed Companies in China as an example,based on the changes of new and old government subsidy criteria,deeply studies and analyses the changes of government subsidy information disclosure before and after the implementation of new government subsidy criteria in this industry,so as to analyze the impact of listed companies on the information disclosure of new government subsidy criteria and the corresponding strategies.Then,through further analysis,relevant suggestions are put forward from the three levels of supervision,enterprises and investors in order to promote rational allocation of economic resources,improve social comprehensive benefits,optimize industrial allocation,improve comprehensive production capacity,and promote the healthy development of social economy.