Empirical Study On The Motivation And Ways Of Classified Transfer Under The Pressure Of Listing Threshold

Research on earnings management has always been an important topic in the accounting field.Existing earnings management focuses on two types of earnings management methods:accrual project manipulation and real activity manipulation.The former uses the choice of accounting policies and accounting estimates to manipulate the surplus,while the latter manipulates the surplus by intentionally arranging real transactions.This paper focuses on the classification transfer earnings management behavior.In China's capital market,in addition to investors,regulators play an important role,and a series of regulations are formulated by the corresponding regulators.Regulators are professional information users.Their professional background makes them able to use accounting information comprehensively and objectively in the review,supervision and evaluation.In addition to the surplus,they pay more attention to their earnings continuity.Selecting the situation in which the regulator can play a major role,namely the IPO context,enables the company's management to generate incentives for the classified transfer earnings management that caters to the regulator.Based on the above background,this paper selects 1325 A-share listed companies in 2010-2017,with a total of 9941 sample data as research samples,and uses enterprise IPO listing as the main entry point to empirically analyze the motivation,specific methods and external auditing of classified transfer earnings management.influences.Based on relevant theories and literature summary,this article draws on McVay's core earnings expectation model and Fan Liu's operating cost and period expense expectation model,using SPSS22.0 software to collate and analyze the data,perform regression testing by industry and sub-annual,calculate expected core surplus,unanticipated operating cost and not Expected period expenses,empirical test classification,transfer earnings management motivation,methods and external auditing inhibition of classification transfer.this paper considers the changes in the expected core earnings and the industry's annual dummy variables for robustness testing.The conclusions of the study indicate that in the general situation,there is no obvious classification transfer behavior in listed companies.In special circumstances,such as IPO,listed companies have classified transfer to improve earnings structure and inflated core earnings.The comparison of the two results shows that the classification transfer behavior is mainly to cater to the supervision of the audit committee.In the classification transfer method,the listed company will prefer to transfer the operating cost to the non-operating expenditure classification method relative to the means of misclassifying the period expense to the non-operating expenses.The external audit has a certain degree of inhibition on the classification transfer behavior.There is no obvious classificationtransfer in the four major companies,and the non-four audited companies have significant classification transfer behavior.Finally,the regulator should improve the financing audit system,the auditor should strengthen the audit of the classified transfer earnings management behavior,and the accounting standards setters should pay attention to a series of policy recommendations such as the classification of accounting elements.