| With the increasingly complex and changeable market economy environment,the evaluation test and impairment of assets have been widely used in China’s listed companies.Accounting standards require enterprises financial information shall adhere to robustness so that to provide a more accurate information for users.However,asset impairment criteria itself has certain subjective judgment,different industry and even the same industry of company managers can according to their own enterprise’s actual business situation assessment recoverable amount and future cash flow of assets and the provision for bad debt provision ratio and so on.After 2007 the newly revised accounting standards stipulated non-current provision for the impairment of long-term assets,late again also cannot even if the market environment and operating conditions to improve back early has provision for the impairment of the 2005,2006 and 2007 all listed company asset impairment loss of the changes and changes in fixed asset impairment to do the statistical analysis,found that the total asset impairment loss of listed companies in 2005 to 0.12% of total assets,fixed assets depreciation reserves accounted for 0.17% of the fixed assets;In 2006,asset impairment losses accounted for 0.25% of total assets,nearly doubling from 2005,but the proportion of impairment losses of fixed assets decreased by 3%.By 2007,the general provision of asset impairment ratio to 0.35%,up nearly 42%,and the fixed asset impairment accounting fall from 0.14% to 0.07%,down nearly 50%,have to doubt with the new standard of non-current assets impairment provisions of the irreversible,so most enterprises will care provision for the impairment of non-current assets and long-term assets after large write-downs for disposal? For inventory,bad debts and other liquid assets impairment also made detailed provisions,the new guidelines for asset impairment of the case shall be detailed in the annual report disclosure,change in the accounting policies and estimates that require detailed explanation,but the listed company still exists using the flow of the asset impairment provision and turned back to manipulate financial performance space.Based on the literature review,the standard research combined with case analysis,through the case for nearly 10 years of the actual situation of asset impairment and the related data of in-depth and specific analysis,the research in recent 10 years the company changing trend and various asset impairment loss of assets impairment of the relationship with the ratio of net profit of the current period,found that as the economic environment of increasingly serious,the company in recent 5 years of asset impairment and the ratio of net profit relationship changes happened suddenly,this very different from previous provision ratio,is worth further analysis.Abnormal in this five years,in the horizontal comparison inventory provision,provision for bad debt,impairment of fixed assets,intangible assets depreciation reserves,degree of goodwill impairment loss and the ratio of net income changes,found the company the more the higher the provision for impairment losses,barely profitable in 2014 is mainly rely on impairment back,confirm the conclusion: the related literature to good year performance will massive write-downs to smooth profits.However,a large amount of depreciation is still unable to return to the loss of the year will be a large amount of depreciation to turn the annual return or resale;In the wake of the new guidelines,short-term assets are more frequently used than long-term assets in terms of asset impairment.In addition,through the asset impairment to profitability in 2014 year,2016 is a year and a large number of provision for impairment losses,in this paper,especially the two typical years financial performance indicators as a virtual test,analysis is not after the provision for impairment provision for impairment and the enterprise debt paying ability,operation ability,profitability,such as change is big,how the industry’s average index,which measures changes for users.Conclusion: in recent years,the performance of the Shandong Molong is not good,whether or not the impairment is calculated,all financial evaluation indexes are lower than the industry average.Companies need to innovate and strengthen internal controls.The securities and futures commission in ST such labels or rights issue qualification can increase some other ancillary evaluation index into account(such as revenue growth rate,the index is not affected by asset impairment),in order to better protect the interests of investors.Specification of asset impairment proposal: asset impairment criteria more refine and improve the internal control of listed companies,improve the quality of accounting personnel,strictly regulate the annual report disclosure,strengthens the supervision of the certified public accountants and relevant government departments and so on. |
