The Research For Accounting Criterion System Of Chinese Listed Companies

In all developed countries, the supervision accounting information disclosure of the listed corporation always been the core of the securities supervision institutions even the government's work. Research on the accounting standard of the listed corporation is the most important in the course of the accounting standard system reform. It is the core of the accounting research. Along with state-owned enterprises' reform deepened and socialism market economy developed, the security market is expanding continuously. It is more obvious in promoting security market's developing that the information disclosure of the listed corporation is true, correct and complete. Because the duration of the listed country's development is short and accounting standard research is started late in China, the theory about this is not abundant. And the research on this is scattered and system. It isn't perfect whether in depth or in scope. In this paper, according to the non-standardization of the information disclosure in China, I research systemically on information disclosure of the listed corporation, especially on the basic principles of the accounting information disclosure and the accounting standard system. Based on this, we establish a set of accounting standard system which is good for the development of the listed corporations in China.Accounting standard of the listed corporation is the total of accounting laws, accounting principles, accounting systems, accounting moralities and accounting supervisor. It established for standardizing the behavior and the accounting information disclosure of the listed corporation. Its purpose is to make the accounting information disclosure of the listed corporation more effective, and then improve the validity of security market. It should follow many basic principles such as just character, authoritative character, unified character, international character and systematic character to establish the system of accounting standard of the listed corporation. The accounting standard of the listed corporation shouldn't be scattered and isolated, instead of it should be a complete system both isolated and connective.Based on summarizing and commenting the new accounting standard system declared by Fiscal Department in Feb.2006,I think that the new accounting standard system realized idea innovation, system innovation, content innovation and more similar with international standard. Considered the importance of accounting information disclosure of the listed corporation, the audit and supervision of the CPA should be added to the accounting standard system of the listed corporation. This paper analyzes about the shortcomings of the current accounting standard of the listed corporation in China. Based on this, I put forward a set of suggestion, measures and plans, then design systematically: â‘  Centering the "accounting law", we should establish and complete the accounting law system of the listed corporation coordinatedby every kind of relative laws. According to the needs of development of the listed corporation, we should constitute details of the "accounting law" and "security law". We should establish claim system for the investors in order to provide necessary compensation for the investors who lose in economics because of the false accounting information delivered by the listed corporation. (2) According to the demand of the "accounting law" and focusing on the problems found in the course of performing "accounting principles for enterprises", we should modify and complete current accounting system further. ? Referring to the successful experience of western countries and the "professional ethics rules for the accountant" designed by IFAC, we establish a set of accounting moral standard system which is fit for regulating the listed corporation's accounting behavior.The theoretic significance in this paper is that through the analysis between accounting information disclosure and the accounting standard, establish accounting standard system of the listed corporation, then develop and complete accounting theory of the listed corporation in China in order to rectify about this. The realized significance in this paper is that through the accounting standard of the listed corporation's design and contribution, solve the problems on how to standardized the listed corporation, then make it better in quality of the accounting information, effectiveness of capital operating in order to improve the listed corporations and security market developing healthily .It should be seen that the research on the accounting standard of the listed corporation is huge system engineering. It refers to law, finance, accounting, audit, principles, and system and so on. This paper only makes some basic studies about the framework on this issue. It is necessary to standardize the accounting information disclosure to develop listed corporations, so we must improve and complete accounting standard continuously. Research on accounting standard of the listed corporation should be studied continuously by more and more people.