ST Enterprise Uses Accounting Estimation Change To Conduct Earnings Management Research

When our economy is in growth period,the iron and steel industry facing with crisis and challenge,in the industry as a whole appear weak state,the loss of two consecutive years of AnGang is implementing delisting risk warning in 2013.As a result,AnGang has launched a battle to reverse the performance.The ST system with Chinese characteristics is intended to maintain stable development of the securities market,prompting investors to trade risks,but in the process of implementation,new problems are derived.In order to avoid the risk of delisting,ST enterprises are usually eager to "pick off their hats".Want to cancel the risk warning,you need to meet the listing requirements,but in practice,most companies have not through,to increase revenue and reduce the operating cost to profit,but to rely on excessive earnings management means to manipulate profits,in order to achieve the purpose of the ST.There is no doubt that this will interfere with the authenticity of accounting information and harm the interests of investors.At home and abroad in this paper,based on the mature of earnings management and accounting estimate change based on the theory of,in view of the ST companies use accounting estimate change to manipulate profits by earnings management,selection of Angang success cap off this event to study existing ST system and accounting standards possible loopholes.This paper firstly elaborates the theory of surplus management and accounting estimation change as the theoretical basis of post analysis.Then,introduce the steel industry environment,the company profile and the hat-picking event,provide a background information for the later analysis.Finally,through measuring the enterprise all accrued profit model of surplus space is how much,how to use the surplus management changes,accounting estimates as well as the influence on profit,and pick the cap of the enterprise and profitability analysis,found that the existing system of ST and the vulnerabilities of accounting standards for corporate earnings management of space.