Comparability Of Disclosed Financial Information Of Bank Sector's Listed Companies In China

Combined theoretic study and case study, the author aimed at comparability of disclosed financial information of listed companies of bank sector in China, against the backdrop of huge difference of bank sector's disclosed financial information between Chinese new accounting standard and its old version. The article is designed to search methods to achieve historical comparability and horizontal comparability of bank's financial information, and generate a valuable financial ratio system of bank sector for investor's fundamental analysis. The creativity of this article is that it exchanged banks' historical financial data under old Chinese accounting standard to data under new Chinese accounting standard, and then exchanged all those data to data under IFRS. That is, standardized data. Finally, it generated financial ratio system of bank sector based on standardized data. The author basically achieved comparability of total 14 listed companies of bank sector in China thorough this method and, this exploration has practical significance for accuracy of fundamental analysis of this field.