The Constuction Research On Financial Analysis Index System Under New Accounting Standards

On February 15, 2006, Ministry of Finance had promulgated the new accounting standards which included a basic standard and 38 concrete standards. On January 1,2007, it has been implemented in listed companies. The new accounting standards change greatly in the concept of property, income, income viewpoint, confirmation and measurement of profit, as well as financial reporting and so on. These changes are bound to have serious impact on in the past financial analysis index system. By analyzing the change of disclosure of financial report, this paper re-construct financial index system under new accounting standards on the basis of improving and amending the traditional financial analysis index system.The article includes six chapters. The first chapter outlines the background and significance of research. The second chapter summarizes theoretical basis, analyzes the concept of decision-making usefulness and the concept of assets and liabilities to guidance of index system. The third chapter analyzes the limitation of the traditional financial index system. The fourth chapter constructs the financial analysis index system under the new accounting standards. The fifth chapter is a case. Finally, the article draws the following conclusion:(1) comparing with the traditional financial analysis index system, the new financial analysis index system can manifest the goal of the financial reports; (2) the new financial analysis index system is more objective and more reliable than the tradition financial analysis index system; (3) It is essential to pay great attention to the cash flow analysis when carring on the business finance analysis.