Research On The Accounting Policy Choice Of Chinese Listed Companies

The accounting policy is the foundation that enterprises accounting information generated, and an important way of realization that an accountant gives play to the role of its function, and will produce a wide range of economic and social consequences. Listed companies as a typical modern enterprise, its accounting policy choices will be the impact of general business more common and far-reaching. Therefore, the accounting policy to be one of the important subjects for research in a research field of capital market in accounting policy of listed company. In accordance with the requirments of the Ministry of Finance, on feb.15,2006,the Ministry of Finance issued the new corporation accounting standards including one basic accounting standard and thirty-eight idiographic accounting standards, it symbolized the foundation of a corporation accounting standard system that will adapt to the economic development of our country and tend to international financial reporting standards, which is a milestone in the history of the accountant development of our country. The choice of accountant policy become the major methods and tools in implementing the new accounting standards. New accountant criterion putting into effect, surely is able to arouse alternative series of change of a listed company accountant policy, accountant policy chooses the main means and implement carrying out to becoming the new accountant criterion. A listed company is the modern enterprise organization form, how a listed company carries out accountant policy choice after the new accountant criterion carries out, how the condition accountant policy is chosen will become the problem that society shows solicitude for broadly. The accountant policy choice studying the new old accountant criterion is lower therefore has important significance.The choice of Enterprise Accounting policy refers to authority comparatively analyzes selectable accounting principles, methods and procedures in the specific circumstances under its own management objectives or goals. Accounting policy options run through enterprise accounting measurement and confirmation which can always be said of the financial report generating a series of accounting policies. Therefore, the appropriate choice of accounting policies directly affects the quality of enterprises'accounting information, and furthermore affects the optimal allocation of resources and to the healthy development of the capital market. Along with the socialist market economic structure has been established and gradually perfected,"accounting standards" and" enterprise accounting system" as the core accounting reform have given companies the choice of accounting policies and the autonomy of certain options. The new version of Accounting Standards for Business Enterprises" was promulgated in 2006;to a certain extent, it expands the choice scope of accounting policies, and has brought new challenges for listed companies which implementing the new accounting standards.In this paper, the basic concepts of accounting policies are in the very first part, associating with the choice of them. The following part is about the choice of accounting policies specified in the inevitability of the existence of objective and subjective need, and subject to a certain period of time enterprises which are facing accounting environment. By connecting China's listed companies with the actual circumstances, and using standardized method, It analyzes some problems and causes faced by China's listed companies in the selection process. And the last part particularizes in the search for the possible ways to solve the problem. The core of this article is the performance of the existing problems and analysis for the listed company's accounting policy choices. It tries to analyzes the results, and get the corresponded solutions, including improving the accounting system, and the accounting standards, establishing a sound corporate governance structure and optimizing the registered accountants, to strive for the elimination of the negative impact for listed company's accounting policy choices and promotion of the healthy development of China's capital market.This article holds that the existence of listed company's accounting policies is necessary. For enterprises, the accounting policy option should be under the principle of a certain selection procedures, be adapt to the external environment, and as far as possible, reflect the various stakeholders of common interests. In the balance of unity and flexible circumstances, the company should endeavor to reduce the choice of accounting policies.