Reconstruction Of Current Balance Sheet

Accounting is the product of an era,and with the changes of the times and the development of the economy,it is progressing constantly.And the accounting statements that reflect the important information of enterprises are not unchanged and adhere to the stereotypes.Under the tide of economic globalization,the impact of international market on China’s economy is growing,and the cyclical world crisis has intensified its impact on China.Since the global sub-prime mortgage crisis,we have realized that the quality of accounting information plays a key role in the capital market.Information is the evidence that affects users’ decision-making,and accounting information is the most important evidence for stakeholders to make decision-making judgments.The content of accounting information quality requirements has reliability and relevance.Under the influence of decision-making usefulness,many scholars tend to study the relevance of accounting,but less on reliability.Relevance is based on reliability,and lack of reliable accounting information is of no research value.This paper reconstructs the balance sheet according to the principle of reliability,which is one of the important contents of accounting information quality requirements.Based on SLOW(1996)accrual project reliability research theory,under the continuous enrichment of the reliability theory of accounting projects by other scholars at home and abroad,this paper reclassifies the negative balance sheet of assets according to reliability.Assets are divided into reliability assets,medium reliability assets and unreliable assets.Liabilities are divided into reliability liabilities,medium reliability liabilities and unreliable assets.In order to design a series of financial indicators which are not available in the traditional balance sheet,judge the reliability of enterprises,and make a preliminary analysis of the sustainability of accounting earnings.Based on the data of TZWH Co.,Ltd.,a listed company,the traditional balance sheet disclosed in its annual report is reconstructed.And according to the design of the reliability balance sheet financial indicators for analysis,there are three specific contents,one is the proportion of reliable and unreliable assets and liabilities,specific analysis of the proportion of reliable assets and unreliable assets of the enterprise;the other is the value deviation rate,mainly the content of unreliable assets,and its difference with the true value;the third is to the enterprise.Through the analysis of earnings persistence,we can make a preliminary judgment on the overall reliability level of enterprises.Compared with the traditional balance sheet,the reconstructed balance sheet focuses more on the reliability of assets and liabilities,and the accrual reliability is also related to earnings persistence and its pricing function to a certain extent.Therefore,this also requires that it is meaningful to reconstruct the balance sheet according to the principle of reliability,whether from the perspective of company managers,creditors or investors.