The Classification Regulation Model Of Accounting Information According To Product Attributes

In 2006,with the promulgation of the new accounting standards, China's accounting standards converge with international rules moved to a new level. One year of the good trend of the capital market is a certain degree of its linkage effects. High-quality accounting standards are good for the advance-level of the company's accounting techniques. However, if want to the quality of accounting information of the company have a real improvement, a single accounting standards has a litter impact. Lacking other systematic modes, the efforts that aiming to achieve the effectiveness of technology may be failed. GAAP does not suppress Enron, WorldCom financial fraud is a note. Moreover, after the scandals, the U.S. government has gradually enhanced its intervention in the capital market; high compliance costs also triggered a reflection of the relevant system, to the extent that Wall Street had been affected by global position. It should be noted that the American which commitment to free economic is also regulating the accounting information over in the inevitable trend .This is a warning to all countries. How essential attribute to the accounting information as a starting point in order to break the traditional framework of the regulation limits and construction of a new regulation system to better play the market and the government's efficiency, better quality and transparency of information are purpose of this paper.This paper is a parameters and auxiliary descriptive statistics. The full text of the paper is the relevant definition analysis -- status analysis -- found problems -- problems analysis --found the way to solve the problem.Part one Correlation analysis of accounting information regulationIn this chapter, first, I analyzed the definition of regulation. As the study in different perspective, foreign scholars have their own understand on regulation. After analyzing the various perspectives, the meaning of regulation in this paper is: in one industry, because of inner or external factors that formulate some norms which the pirate must be follow act of. And I still explained the main idea of the Economy of regulation: Public interests theory and Interest group theory.Then, I compared two different perspectives: the opposition regulation and the endorsed regulation, and made a conclusion how necessary the regulation is.Part two Analysis and Reflection on existing mode of accounting information regulationIn this chapter, first, I analyzed three main regulation models: self-regulation; Judicial-regulation; report-regulation.Then, consider our country's situation, compare with the USA. With the analysis of our mechanism, through the collection of data from CSRC and other relevant public data, I found even there are a lot of improvement, it still has so many problems that no way to solve. The reason is our county's special situation. Under the guidance of the government's long-term, the self regulation is so weak that it can't become a powerful way to solve problems; the judicial regulation has its weakness, because of its rigid, it can't be fit well for a fantastic changing situation which our country is; report regulation is the main way for our country to regulate, but how to use it in a appropriately way is not easy. In odder to manage it well, we should understand more nature of Accounting Information so that we can change some traditional mode into some new ones which may better to solve such problems.Part Three The nature characteristics of Accounting Information productBased on the above understanding,this chapter mainly discusses the natural characteristics of accounting information product.In economic theory, there are different ways to deal with private product and public product. For public product, because of non-competitive and non-exclusive, the best way for government to do is instead of market; itself supplies the product or develops some rules that make possibly the external could internalization. For private product, the problems often from asymmetric Information, the best solution is government makes some laws to make sure no pirate manufacturers dare to cheat some one who lack such information. And the product's supply is still from private manufacturers.As a special product, accounting information is an entity of value and use-value, so it's an unusual commodity. Why it is? Because of the nature of itself, it contains both private and public characteristics. The private characteristics reflect in it's an appurtenances form some compacts which someone invest some economic-resources into the manufacturers, so the accounting information with core utility. The public characteristics reflect in its independence. In order to maintain reputation and liquidity, its need some free information, it can attract some new investors. However, the awareness of the private characteristics is the main reason why existing modes have such defects.Part Four Classification of regulation modelIn this chapter, I put the basic ideas about the classification of regulation mode: Reducing government intervention, trust the market itself. Report regulation is mainly against protecting retail investors, to make sure they could achieve some basic but reliable financial data. But for some proprietary resources- investors, market can do more than government; the role of the government is to protect market order, so judicial control is important.So, I suppose three standards base on interests of the demanders to identical the private and public information: a. whether there is a main independent who invest important resources into the manufacturers, and it owns the ability to talk with the manufacturers; b. the cost of the talks, whether it's big or small, or it can impact the process of internalization; c. the main situation of the capital market: the common needs and the special needs.Then, I suppose the supply of the private information is manly dependent on the compacts between suppliers and demanders, at the same time, it's a duty that the government must punish the ones who didn't obey the rules. For the supply of public information, it's better for government establish an agency to unified produce such information in order to meet the needs. Thus, I construction the classification of regulation mode, I think it's better to improve the accounting information both in volume and in quality, with the help of self-regulation and media- supervision.Taking the whole thesis into consideration, it has the following main characteristics:A. Making the system explained the need to regulate accounting information, stressing the important of the game of the competing interests.B. Analyzing the nature of the accounting information, especially the private characteristics, the way of regulation is quit different from the public ones.C. Constructing the classification of regulation mode, and discussing the possible to develop an organization to implement.But, there are still some disadvantages in this paper, Due to my poor knowledge. Some questions did not be explained very well, and some views maybe somewhat shortsighted and uncorrected. However, I still believe in that it is worth to do such preliminary exploration. Special I must thanks to ones who generously give any advice and modification on this paper.