| For a long time, asset impairment has become one of the strategies of control the enterprise profit tool and it also has been a hotspot in the research of scholars both at home and abroad. On February 15th,2006, the Ministry of Finance promulgated the new enterprise accounting standards. The "Accounting Standards for Enterprises No.8 Impairment of Assets" has become the focus of attention. In the original criteria on the basis of impairment of assets, a major highlight of new guidelines of asset impairment is that a long-term provision for impairment of assets is not allowed back once. On the one hand, it is convergence with the provisions of the International Accounting Standards Board, on the other hand, it avoid companies using impairment of assets for earnings management. So, if the original intention of the new guidelines has been achieved? To test the impairment criteria for Listed Companies in China effect, the paper selected 2007-2009 Shanghai and Shenzhen A shares in listed companies with a loss of sample to analyze the implementation of asset impairment.The paper is divided into five parts. The first part is an introduction, and it introduces the domestic and international status of research on impairment of assets. The second part is an overview of impairment of assets, mainly on the theory of asset impairment. The theoretical description of impairment of assets will help us have a basic understanding. The third part introduces a loss provision for asset impairment of listed companies and the reasons for the motivation. The fourth part is the empirical study. Firstly, it proposed hypothesis, secondly, make descriptive statistics of asset impairment from the selected study sample, and then test the hypothesis preliminarily through independent samples T test, finally, test the hypothesis through regression analysis. The fifth part is the conclusions and recommendations. Combined the results, the study make recommendations for the securities regulatory authorities, standard setters and others.The research found:after the implementation of new accounting standards, the loss of listed companies will still make profit by manipulating the impairment of assets, but mainly through the impairment of current assets. |
