Study Of The Impact Of New Accounting Standards On Corporate Financial Reporting

February 15, 2006, the Ministry of Finance issued a basic norm and 38 specific criteria, since January 1, 2007 from the listed companies within the scope of the implementation. This is China's financial and accounting fields milestone in the development of important events, financial accounting will be a major positive impact.New accounting standards system will inevitably bring about the introduction of a wide range of economic consequences have a very profound economic impact. In this paper, the new guidelines to the impact of the report on the financial pointed of view of the new guidelines that the economic consequences of research, the new guidelines to the health of running to make some contribution. This paper to help correct financial report users to read and use financial information, follow the changes in accounting principles to interpret corporate financial data, to distinguish between what is normal surplus, which is unusual surplus, to avoid financial pitfalls, to a reasonable economic policy-making. This paper affirmed the new system of accounting standards relating to the quality of corporate earnings information disclosure norms to make a major breakthrough, but also pointed out that the enterprises to make use of new accounting standards manipulation surplus of several possible ways, papers on how to prevent and control enterprises to use new accounting standards, as well as how to improve earnings manipulation to further improve accounting standards and made a number of recommendations. This papers on the above-mentioned enterprises to take advantage of new accounting standards manipulation surplus of several possible approaches to a specific elaboration; on how to prevent and control the use of new corporate accounting standards manipulation surplus, how to improve and further improve accounting standards, as well as the new "Accounting Standards for Business Enterprises" the four demands made elaborate. Both theoretical papers, and data are examples, and pointed out that the issue should be noted. In this paper, the new accounting guidelines for achieving the objective of a certain social values; users correct reading of the report and to make further use of accounting reports in economic decision-making have some economic value; refinement of the guidelines on how to build a certain reference value.