Research On The Change Behavior Of Ansteel's Fixed Assets Depreciation Accounting Estimates

The steel industry is the pillar industry of national economy and affects the overall development of national economy.However,after the 2008 world economic crisis,steel companies are suffering difficulties under the multiple pressure of downturn in macro economy and overcapacity.The national’s policy requires the elimination of backward production capacity.However,facing the national’s policy of reduction excess capacity,many steel enterprises,instead of accelerating depreciation of fixed assets,extend the useful life of fixed assets through accounting estimate change.The topic of accounting estimate change in fixed assets depreciation is still of practical significance in the context of the new normal era of reducing overcapacity,which is of vital research significance.Angang Steel Company Limited is selected as the case company(hereinafter referred to as"Angang Co.,Ltd.").Firstly,the thesis analyzes accounting estimate change in fixed assets depreciation within five years of.Secondly,the thesis explores the reasons from three dimensions of motivation,opportunity and self-rationalization.Finally,the thesis proposes the behaviors to regulate accounting estimate change of fixed assets depreciation from three aspects of reducing motivation,reducing opportunities,and weakening self-rationalization factors.The research significance of this thesis lies in broadening the research perspective of accounting estimate change in fixed assets depreciation.The thesis digs out the reasons from three aspects of motivation,opportunity and self-rationalization.What’s more,it enriches the analysis of causes of accounting estimate change in fixed assets depreciation,and provides theoretical references for relevant research.Finally,relevant suggestions from the assessment and evaluation system of listed companies,accounting standards,and regulatory authorities are proposed regulate behaviors of accounting estimate change in fixed assets depreciation.The innovative view of this thesis is that multiple auxiliary indicators,which are consistent with the industry characteristics,should be introduced to the existing indicator system for listed companies.Relevant non-profits indicators,such as market share of main products,should also be introduced for weighted calculation.It is beneficial to form an evaluation system that uses net profit as the main indicator and auxiliary indicators as the supplement.It is conductive to getting a more comprehensive evaluation result and improving the quality of listed companies.