Research On Changes In Accounting Estimates Of Chinese Listed Companies

Accounting estimates refer to judgments made by companies on the basis of information that has recently been available for transactions or events whose results are uncertain.The measurement and change of accounting estimates are highly subjective,and because of the information asymmetry of external information users to the company's situation,it is not able to evaluate the rationality of supervising corporate accounting estimates.Therefore,accounting estimates and their changes gradually Become a means for China's listed companies to use for earnings management.The theoretical research related to accounting estimation at home and abroad is insufficient to meet the needs of the market.The relevant regulatory systems and laws and regulations are temporarily blank,and listed companies are not well-rounded by loopholes in accounting standards.More and more senior financial personnel of listed companies manipulate financial statements,implement accounting estimation changes according to the needs of enterprises,ignore market inspections,undermine the confidence of investors and creditors,and disrupt the healthy development of the market.This paper uses a combination of theoretical analysis and case analysis.The introduction part introduces the original intention of this paper and quotes domestic and foreign accounting estimates.The theoretical analysis section introduces the concept of accounting estimation changes and related items,the theoretical basis of accounting estimation changes,and an overview of earnings management and related theories.The theoretical part chooses the classical agency theory from abroad.Moreover,it also made a certain theoretical explanation around China's actual national conditions.Through comparative analysis of the case company and the industry-wide accounting estimates,this paper explores several reasons for the accounting behavior of accounting estimates:one is the contractual factor under the theoretical background;the other is the policy upervision under the market environment.Factors;the third is the management factors(business needs and management needs)under corporate governance;the fourth is other factors.Through the study of the accounting estimates and changes of the listed companies in China,he solutions to the problems and suggestions are discussed.At the same time,the following conclusions are drawn from the case of Z company:First,for listed companies,the pre-change compliance and post-change audits not only equire the company to improve its disclosure and presentation,but also the financial personnel vho need to prepare the financial report to improve their ability and quality.Second,the external hareholders of the company.In other words,shareholders are more sensitive to the changes in counting estimates,alert to the economic consequences of such changes,and judge the impact accurate accounting information.Third,for external supervision,accounting standards and counting policy making associations,the CSRC The three-tier "insurance" dispatched by a rd-party auditing agency must be able to maximize the fairness of changes in accounting mates so that they can be accurately measured and cannot be misinterpreted by information ers.