Research On The Variation Of Accounting Information Disclosure

In the current times of globalization, enterprises all over the world are developing toward catering for the world's all sorts of demands. Yet there are different rules on accounting standards in different countries, which is a problem to be solved as well, especially the requirements on the disclosure of enterprise accounting information. The research on the reasons of the transmutation of accounting information disclosure is of guiding use to both theory and practical situations, for it is an important part of accounting standards. The research on the development and transmutation of accounting information disclosure and enterprise forms have always been the key point theoretically and the focuses of social attention. This essay studies the transmutation of information disclosure in different enterprise forms on different stages.This essay studies the history of the development of accounting standards and the history of the transmutation of accounting information disclosure. According to the analysis on history documents, the development of accounting standards can be divided into three stages. Corresponding to these three stages are the transmutation of the accounting information disclosure on every stage and finally these stages and transmutation are analyzed correspondingly combined with the division of enterprise pedigrees. This paper carries on the research on the transmutation of disclosure mainly based on GHM Model and gives the analysis compared with the reasons of the information disclosure from the theoretical analysis of agency by agreement. According to studies, it is revealed that agency by agreement theory explains the reasons of the initial formulation of information disclosure well, but it can't explain the reasons of the disclosure of information under every enterprise form, which indicates the limitation of the agency by agreement theory.Based on the GHM Model, the reasons of the initial forming of information disclosure can be explained as well as the reasons for the transmutation of information disclosure on different enterprise stages. According to Li Jiande division of enterprise pedigrees, this paper studies the transmutation of information disclosure in the shareholder-centered managerial enterprises and the manager-centered managerial enterprises. By analyzing the enterprise residual rights of control and residual claims, and then researching with game theory involved, achieves the aim to better explain the transmutation of information disclosure.The research on the disclosure of information of accounting standards based on GHM Model will undoubtedly contribute new theoretical significance to the study of accounting information disclosure and act a guiding role for the requirements of information disclosure in accounting standards in practice.