The Effects Of New Accounting Standards Executed On Comprehensive Financial Statement Of Listed Companies

The Ministry of Finance promulgates the new Company Accounting Standards (CAS) on February 15th, 2006. Listed companies are asked to execute formally on January 1st, 2007. At the same time, non-listed companies are encouraged to execute voluntarily. The new CAS system enhances the ideas of providing accounting information that is useful for decision-making for investors and the public. It is the first time to construct a complete organic whole. Compared with the old CAS, this new CAS has changed tremendously and it may change the financial data. The differences will be effect on financial statement significantly of listed companies. What and how will new CAS effect on listed companies? All above is worth studying deeply.The paper begins with the ideas new CAS advocates and with the expected social effect produced by executing new CAS. We master the conceptual framework of new CAS and analyze the differences between new and old CAS. It provides the theoretical basis for empirical study. We use data from Equity Difference Adjustment Table of Annual Finance Report 2006 of listed companies to preliminary forecast the effect on executing new CAS in comparative analysis method. Then we join factor analysis with correlation analysis and regression analysis together to analyze how new CAS impact the comprehensive financial condition of listed companies and also to analyze the relevance to the changes between new CAS and financial statement. Through it, we can test the executive effect on new CAS and analyze the problem we may encounter in our executive process. After that, we can find out the solutions to those problems and proposed our advice for how to understand the new idea and how to execute new CAS efficiently.Through the study above, we can conclude that stockholders' equity change gently on the whole and obviously on the individual on first day of the execution of new CAS. New CAS transits steadily. Finance data after the execution of new CAS is different from before and the impact of new CAS is different from every industry. New CAS has obviously effect on growth ability of listed companies, but it is not effect the short-term debt level. The conclusion can help listed companies in different industries understand and execute new CAS correctly. It can help analyze the financial statement objectively and accurately. It can also help provide the basis of correct decision-making for stakeholders.