The Value Relevance Research Of Comprehensive Income Base On Shanghai A-Listde Company

Comprehensive income has been widely watched by academia and standards development agencies abroad,the concept of comprehensive income was introduced in ‘Enterprise Accounting Standards Interpretation No.3' released in June 2009 issued by the ministry of finance,listed companies are required to report comprehensive and other comprehensive income in the profit statement.In order to improve the quality of corporate accounting information disclosure,in January 2014,the ministry of finance issued the revised version of ‘Accounting Standards for Enterprises No.30-Presentation of Financial Statements',which reaffirmed the concept of comprehensive income and other comprehensive income,at the same time,the contents and forms of the presentation of the profit statement were adjusted,listed companies are required to reclassify and separate other comprehensive income in the profit statement,and in the re-classification of the comprehensive income of the composition of the content of a detailed disclosure.The implementation of the guidelines regulate the comprehensive income and composition of the project classification criteria and presentation,it achieved a further convergence between the financial accounting standards and international accounting standards.In China's current market environment,the comprehensive income can provide value-related information for information users or not,especially,what change in the value relevance of comprehensive income after the implementation of the relevant guidelines in 2014,are the details of other comprehensive income items and the effect of improving the value relevance of comprehensive income? This requires more theoretical research and empirical testing.First of all,this paper reviews the domestic and foreign scholars' theoretical research on the value relevance of accounting income and comprehensive income,and expounds the definition and related content of the comprehensive income in financial accounting standards,and summarizes the theoretical basis of the research content.And then,combined with the theoretical analysis of the relevant assumptions,build the regression model to analyze the value relevance of comprehensive income and the composition of the project by the sample of Shanghai A-listed companies from 2013 to 2015.The results of the study show that:(1)the value relevance of comprehensive income is obvious,but less than the net income;(2)compared to the total amount of comprehensive income,net income with other comprehensive income in the form of higher correlation;(3)The detailed disclosure of other comprehensive income items in the profit statement increases the value relevance of the comprehensive income;(4)the value relevance of comprehensive income was improved after the revised version of ‘Accounting Standards for Enterprises No.30-Presentation of Financial Statements' which released in 2014.At the end of this paper,some suggestions are put forward according to the research conclusion,mainly including the formulation and revision of relevant standards and the adjustment of enterprise performance evaluation system,to better promotion and application of comprehensive income and improve the information relativity and decision usefulness,and thus make the comprehensive income in our country by the higher attention.