The Enterprise Financial Report Information Provided By A Number Of Studies

Investor protection, especially protection of public investors, already has become theconsensus of the insiders. If the investors’ rights are protected, investors will haveconfidence in the market. Therefore the funds and the number of investors into the stockmarket will also increase accordingly. In the view of the development of capital market,protection investors’ interests to nurture the confidence of investors is an important partof nurturing and developing the market, and also is the primary task and purpose of thesecurities regulatory authorities. In recent years, with the development of economic anddirect financial, the number of investors of enterprise is more and more increasing. As faras the number of investors of listed company, the number of investors and companieslisted in various Stock Exchanges all over the world is large, so to protect the interests ofinvestors becomes more important. International convergence of accounting standards isa major trend. In the environment of global economic integration, the Stock Exchanges indifferent countries will recognize that company financial statements should useinternational financial reporting standards. Investor protection is not only of great realityin our country, but also a global common problem. Even in mature markets, the cases ofviolation the interests of small investors frequently occurred, and it have led to seriousand unimaginable consequences. This paper is mainly discussing issues oninconvenience for investors to obtain enterprise information, due to lack of integrity,conciseness and promptness in disclosure form, and time etc. of financial report.Research about the norms of disclosure of financial report information is an industryfocus and social issues of common concern. It is related to the healthy development ofmonetary and securities market of each country, even of the national economy. Accordingthe basic theory, the author intends to clarify the different norms in disclosure of financialreport information in Chinese enterprises and Japanese enterprises. Mainly takenormative research and tabular method to study the comparability of the disclosure offinancial report information. Also the constructive and concluding comments to thecomprehensive management of information disclosure are discussed. Informationaffecting the interests of investors are from various factors. Some are from the disclosureof the main list companies, and some are from the laws and regulations-the governmentlevel. It is meaningful that several problems which other insiders barely studied arediscussed, such as the comparability of financial report, the divided financial reporttemplates, affecting investors to understand the cash flow of information of listedcompanies is less to provide, little comparison information, the lag of disclosure, the problem of disclosure of homepage information and the problem of fewer legalintervention. After studied these problems, some conclusions are derived which willgreatly affect and enlighten the theory or practice of the norms of the closure of financialreport information.This paper consists of five parts.The first part is an introduction which described the research background, content andstructure of the paper. In the view of environment of Chinese domestic and internationalsecurities markets and the view of several historic cases about disclosure of financialreport information, protection of the investors’ interests are developed. The characters ofnorms of disclosure of financial report information of several different developedcountries are recited in order to state the great importance to study these problems ofChinese and Japanese financial report information disclosure.The second part is the research about the basic theory of information disclosure. Itdescribed the entrusted agent theory of support of the voluntary information disclosure,competitive capital market theory and signaling theory, the support for mandatorydisclosure of the asymmetric information theory and the assumption of efficient markettheory. The basic theory laid the basis of information disclosed in the specificationprovides support for comparative research and comprehensive treatment.The third part of Sino-Japanese corporate financial report disclosure norms research. Itdescribed the History of Chinese and Japanese accounting regulations, as well as themandatory financial information disclosure in the specification of the system and content.The4th part is based on a comparative study of the problem of the norm of Japanesefinancial report information disclosure, and it is the core part of this article. This part arestudied in six area respectively from whether the financial report is concise, fromwhether XBRL template is unity, from attention to cash flow, from whether there is timelag of disclosure, from the comparison of homepage disclosure information and fromwhether there are lawyers involved.The5th part is the conclusion which talked about the comprehensive management ofinformation disclosure. The paper proposed advocacy organization audit of the folk, theimplementation of the Certified Public Accountant insurance system is represented, andtalked about the improvement of the laws and regulations and accountability mechanismseffective supervision and regulations. Also the innovation and features of this paper aredepicted.