Financial Reporting Model Based On Event-driven Accounting Network

Under the new economic environment, with continuous development of science and technology and innovation of management system, as well as updating of knowledge products, business activities are becoming more and more complex and together with this, operation risks are also increasing. These all make it more difficult for investors to make decisions. Changes in new economic era make rational investors have an increasing demand for financial reports in terms of both quantity and quality. However, the current financial reports can hardly meet the users' needs due to various defects. So how to meet the growing demands of information users in time has become a major challenge in financial reports improvement.In view of the significance of financial reports and research on national and internet financial reports, and based on the previous research results, this paper is discussing a number of issues around internet financial reports improvement, aiming at design a real-time internet financial reports model that meets personalized demands of information users and thus benefits decision-making. The full text includes the following:First, compare the different concepts of financial reports and financial reports model, give prominence to "model" characteristics. Then, introduce internet financial reports from three aspects, definition, level and characteristics, in order to show a basic profile of internet financial reports.Second, problems China's current internet financial reports face. Through investigation of internet financial reports of mainland China's top 100 companies (ranked by sales revenue) in 2008, show China's current status of internet financial reports. Through analysis of current status, find out that besides basic financial reports problems, there also exist unique problems in China's internet financial reports, including content, use and effectiveness and so on of financial reports.Third, basis of innovation in internet financial reports model. First, put forward the focus of innovation in financial reports model. On the basis of ensure information quality, provide user with required, real-time and detailed financial reports as far as possible. Then, introducetheoretical foundation of internet financial report model innovation——event-drivenaccounting. Compare distinctions of event-driven accounting and traditional accounting from the perspective of accounting framework. Finally, introduce information technology required for internet financial reports model innovation. Internet technology and Database technology provides a guarantee for the development of financial reporting model innovation. Fourth, concept of internet financial reports model based on event-driven accounting. Through description REAL model makes for "key features" of business events, build the event information table with examples and charts. Make detailed explanations for both content and application of the information table. On this basis, establish the generation and transmission of financial reports. Mainly use on-demand financial reports to meet the information demands. Make analysis and vista to the obstacles to its implementation and prospect of its application.