Research On The Accounting Policy Choices Within The Framework Of Corporate Governance

With building and perfecting of socialism market economic system in our country, the decision-making value of financial information is becoming more and more important. In a sense, the quality of financial statement has a direct bearing on orderly running and healthily developing of market economy,and accounting policy choice is an important factor that influences corporate financial information quality. In modern capital market, accounting policy is so important that users can't make dependable judgments on the basis of financial information unless the financial statement expresses clearly the important accounting policies used when editing the financial statement.Accounting policy choice in form is a techno-criterion in the process of editing accounting information, but in essential it is an important measurement that corporation and its interest groups deal with economic relationship, assort with economic contradiction, distribute economic benefit. Accounting policy choosing is restricted to definite corporate governance system; their relationship is system and environment. For specific aspect, accounting policy choice is not only a kind of exhibition of residual control right, but also an approach to rent-seeking. How to standardize enterprise's behavior of accounting policy choice in order to realize the transformation from opportunism to efficiency has been a difficult problem in field of accounting theory.In recent years, some listed companies in our country manipulate profits by way of accounting policy choosing, and why this happened? The author believes that the rootstock of this behavior is the faultiness of corporate governance system of listed companies in our country. New Accounting Principle System that has been executed from 2007 on one hand makes many measures to constrain phenomena of using accounting policy to manipulate profit, and on the other hand it endows listed companies with big room of choosing accounting policy. Therefore,it is very important that how to provide a good running circumstance from the point of corporate governance system. After comparing two typical corporate governance models and their characteristics of accounting policy choice, this paper analyzes corporate governance and accounting policy choice status of listed companies in our country,and provides some policy suggestions from the point of corporate governance that can help improve accounting policy choice.