Research On The Motivation And Economic Consequences Of The Change Of Voluntary Accounting Policies And Accounting Estimates Of QW Company

Voluntary changes in accounting policies and estimates of listed companies have gradually become a common phenomenon in the development of China's capital market.During this period,there are many cases of voluntary changes in accounting policies and estimates to achieve earnings management and smooth profits.In recent years,according to the revision of international accounting standards,China has also made appropriate revisions to the existing accounting standards,and the securities regulatory authorities have been constantly adjusting and improving the market supervision mechanism.Listed companies have more and more incentive to make dynamic adjustments for different accounting policies,accounting estimates and subsequent changes in the market.These changes of accounting choice with special economic motivation are not only detrimental to the long-term development of listed companies,but also hinder the virtuous cycle of China's securities market.Therefore,the motivation and economic consequences of accounting choice change with the intention of management are worthy of our discussion.This paper first introduces the current situation of accounting choice change of A-share listed companies in China from 2016 to 2018 and makes a general analysis.Then,by selecting QW company,one of the leading listed companies voluntarily changing accounting choice in the electrical machinery manufacturing industry,as the case company,combined with contract theory,principal-agent theory,economic consequence theory,etc.,this paper analyzes its accounting policies and The changes of accounting estimates are described in detail and analyzed quantitatively and qualitatively.It is found that there may be potential motives behind the changes,such as adjusting the company's earnings,avoiding the dilemma of small profits,easing the cost pressure,adjusting the debt structure,and promoting the follow-up financing.At the same time,the changes may also affect the internal financial indicators of the group and the information users of the external market in the future The decision-making judgment has a certain degree of economic consequences.Finally,some suggestions are put forward from the perspective of internal governance and external supervision of the market,in order to attract the attention of the securities market regulators,external auditors and the majority of market investors on the issue of voluntary accounting policies and accounting estimates changes of listed companies,and encourage enterprises to use the expansion of their main business rather than the use of accounting means to ensure their sustainable development To grow profitability,so as to jointly maintain the orderly operation and sound development of China's securities capital market.Through the combination of practical cases and theory,making full use of the methods of data statistics and financial index analysis,and further quantifying the specific impact of management accounting choice change behavior on the enterprise's various statement subjects,at the same time,putting forward relevant suggestions that are suitable for the actual situation of China's current securities market is the innovation of this paper.