A Research On The International Assimilation Of Financial Repotr In China

With the integration of economy and culture，the globalization of capital and theinternationalization of the flowage of productive factors, the relationship and communicationbetween countries are increasingly close, the intelligibility and the comparability of thefinancial report, which is the main carrier of the information of enterprises, becomes more andmore important. However, the difference between the accounting standards makes the formand content of financial report be different among countries, the financial reports exist defectsand deficiency in the aspects of relaxed relationships and the internal structure is inconsistent,and so on. The defects and deficiency largely hinder the flourishing development ofCross-border financing and international trade. The research of the international assimilationof the financial report and the establishment of the financial report system, which is timely,correctly, uniformly and high quality has become the tendency of the future development ofglobal enterpriseStarting with the analysis of the financial report, the paper, which is based on thedescription of the disadvantages of the existing financial report, inquiry the necessity and thefeasibility of international assimilation of the financial report. First, the paper makes concreteanalysis on the assimilation of the financial report with the method of motivation analysis,which is based on the research of the elements of financial report of home and abroad, and thecomparison of the financial report in other countries. Then, the paper is combined withOpinion Soliciting Draft of Employees Draft which was issued recently by InternationalAccounting Standards Board (IASB) and Financial Accounting Standard Board(FASB), and itis also combined with the material of2011annual report of QINGDAO HAIER CO., LTD.,the paper tries to make reports of home and abroad. It measures the yield of the enterprises inmulti-aspects by the way of introducing the two index of business yield and funding yield.Lastly, the paper puts forward countermeasure and suggestions on international assimilationof the financial report combined with our real national conditions.The paper mainly uses the methods of multidisciplinary cross analysis, factor analysisand case study method. Based on our real national conditions and through the way of casestudy method, the paper demonstrates that the financial report which is conversed reflects thefinancial situation of the enterprises, it also reflects the cash flow wholly and it measures theadvantages of the yield of the enterprises in multi-aspects. The paper explains the future development trend of information disclosure clearly and timely and put forward that thefinancial report can be classified by business part and financing part in order to providereference to make the system of financial report of our country consummately.