| Revenue is an important information for financial statements users to analyze corporate performance,evaluate corporate value,and make relevant investment decisions.The IASB issued new revenue standard in 2014,and China has also maintained convergence with IASB.It is intended to further improve the comparability of financial income information between companies in different industries,increase the value relevance of accounting information,and enable income and other financial accounting information to more effectively reflect the actual operating conditions of the company.This thesis uses A-share and H-share listed companies from 2016 to 2018 as samples to examine the impact of the implementation of the new revenue recognition standards and the disclosure of comparative information after the implementation of the new revenue standards on the value relevance of accounting information.The research found that after the implementation of the new revenue recognition standards,the value relevance of accounting information has increased significantly;Especially for those companies that disclose comparative information after the implementation of the new revenue standard,the value relevance of accounting information has further improved.Further research found that the disclosure of comparative information has reduced the information asymmetry caused by the changes in the standards and improved the information environment of companies and suppressed the drift of earnings after announcements.The research results certain theoretical support for the formulation of accounting standards and the design of supervision system. |
