Research On Stragegic Effect Of Assets Impairment Accounting For Listed Company

The new "Enterprises Accounting Criteria" and Criteria of Assets impairment were issued on February 15th,2006, which made the asset s impairment an integrated system. The issue of Criteria of Assets Impairment has taken into account both Chinese situations and international accounting criteria. The criteria is reasonable for the assets impairment theory. In the criteria of assets impairment the regulation of " the assets impairment return is prohibited after its confirmation" was defined. This regulation will provide an system support for the restraint of earnings management by assets impairment criteria.In theory, the nature of assets impairment is the reflection of macro economical environment and internal economical factor. Therefore, Will the assets impairment effect of listed companies change? In the second year of the implement of the criteria, the financial crisis has engulfed our country, which made so many impairment signs in the listed company. Under the special background, will the effect of assets impairment policies in the listed companies change? Can the new assets impairment criteria restrain the earnings management in the listed companies?The thesis takes the data of the Shanghai Stock Exchange from 2005 to 2009 as samples, adopts the statistics analysis and the case analysis, in order to find the performance effect of the new assets impairment criteria.The conclusion of the thesis is that the new assets impairment can reflect the quality of the asset, and can also reflect its industry characteristics. Nevertheless, the new criteria cannot restrain the earnings management entirely. The evidence of earnings management by taking advantage of the financial crisis is also found in this thesis.