| The stock delisting warning system was born in 1998 in order to protect the interests of small investors,and with the development of capital market and continuous improvement.With the revocation of the delisting risk warning to the enterprise net profit as a standard,in view of the scarcity of shell resources,face the risk of delisting companies will have a strong motivation of earnings manipulation,in order to avoid delisting punishment.Earnings persistence on earnings quality has a significant impact,so by the recognition and analysis of non recurring gains and losses the low persistence of earnings,the users of financial reports to a correct understanding of the actual business operations and profitability.Is conducive to investors to make reasonable investment decisions,effectively protect their own rights and interests.Non self often the profits and losses of the concept in 1999 is put forward for the first time has experienced a total of 5 revision,so that it can adapt to the development of capital market and meet the need of regulation,although non often gains and losses of disclosure system in continuous improvement,but there are still coverage is not comprehensive,need profession to judge the bottleneck in China.And this is motivation of earnings manipulation of the listed company to provide the operating space.In this context,the non recurring gains and losses will be an important means of earnings management in st enterprises.Through the analysis of st companies using non often the profits and losses of the business earnings management motive,means and economic results,is conducive to investors on the financial report information make correct judgment and analysis,to protect the rights and interests of investors and help to regulate non regular earnings disclosure and stock listing system perfect.Therefore,this paper selects a typical st ocean as a case study,the use of nonrecurring profit and loss management activities for the analysis of earnings management.This paper first introduces the related research results of non recurring gains and losses,combing the relevant literature at home and abroad.Then describes the theoretical basis of earnings management,including the basic theory and method of earnings management.On this basis,combined with the specific circumstances of the case,the 2010-2015 annual financial data st ocean,reveal the earnings management motivation,process and means.The analysis of the operation ability and development ability of the year after the method of earnings management activities usingthe results of st offshore financial indicators.Through the above analysis,the results show that although its 2013 using non recurring gains and losses to the hat of the purpose,but the non recurring gains and losses do not have continuity,not for the future operation and development ability bring beneficial effects,facing the business problem has not been fundamentally improved.Based on the conclusion,put forward for the securities regulation,stock listing system,government subsidies and related suggestions for investors. |
