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1.
我国会计国际化的改革已经进行了20余年,会计国际化改革效果如何?尤其是在2001年新《企业会计制度》实施以来,我国上市公司按国内现行会计准则及相关制度编制的财务报告与根据国际会计准则调整后的财务报告差异是否已经明显缩小?本文利用我国1999年-2002年AB股上市公司境内外审计利润的差异数据,对我国会计国际化的效果进行了实证研究,以判断我国1999年-2002年会计国际化改革是否取得了成效。  相似文献   

2.
本文以中国 2 0 0 0年~ 2 0 0 2年既发行A股又发行B股的公司为样本 ,通过不同会计准则下会计信息的价值相关性研究为我国会计准则的国际化改革提供参考意见。在研究中 ,我们发现国际会计准则下的会计信息相对于我国会计准则下会计信息并没有显著更高的价值相关性 ,相反 ,我国会计准则下的会计信息的作用略强于国际会计准则下的会计信息 ,因此简单地要求从本土会计准则倒向国际会计准则的观点并没有得到有力支持。而且 ,不同准则间的会计信息差异具有价值相关性 ,在财务报告中披露不同会计准则下会计信息的差异是有必要的。对于B股市场 ,在披露国际会计准则下会计信息的同时披露本土国际会计准则下会计信息是有必要的 ;但在A股市场却没有找到很强的证据。此外 ,我们还发现会计信息在深市和沪市的作用明显不同。  相似文献   

3.
中国对于国际会计协调的基本态度与所面临的问题   总被引:114,自引:3,他引:114  
本文从分析当前国际经济全球化的背景和国际财务报告准则制定及其应用的急剧变化出发,认为我们应当积极关注国际财务报告准则发展和国际会计协调与趋同的进展情况。尽管我国目前尚没有完全采用国际财务报告准则,但是中国实际上也是国际财务报告准则的使用者和受益者,为此,中国一方面支持国际会计准则理事会制定全球公认会计准则的努力,另一方面也将积极参与国际会计协调与趋同进程。与此同时,考虑到中国当前所面临的特殊会计环境及其对我国会计国际协调与趋同的影响,中国会计国际化将适应经济发展的需要,走一条渐进式改革之路。为此,本文提出了一个务实、可行的会计国际化策略。  相似文献   

4.
本文发现我国投资者不能完全理解AB股公司境内外报告的盈余差异对企业价值的影响。按国际会计准则应计盈余构建的套利组合能获取20%的超额回报,但是同时利用国际会计准则应计盈余和境内外盈余差异构建投资组合,则可以获取30%以上的超额回报。本文的研究结果支持我国正在进行的会计准则国际化。  相似文献   

5.
会计准则的信息含量:中国会计准则与IFRS之比较   总被引:32,自引:5,他引:27  
在我国 ,对如何实现中国会计准则国际化问题一直存在不同的认识。一种观点认为 ,不应过多地考虑“国家特色” ,主张尽快全面国际化 ;另一种观点则认为在会计国际化的同时 ,应当考虑并体现会计的国家特色 ,不应片面追求国际化。那么 ,究竟应当如何解决这些争端 ,把握好借鉴国际惯例和考虑中国国情的辨证关系 ,掌握好两者之间的结合“度” ?我们认为 ,会计准则信息含量的比较研究 ,可以帮助我们进行这方面的分析。本文采用实证研究的方法 ,通过中国会计准则与国际财务报告准则 (IFRS)信息含量的比较研究 ,为哪一种会计准则对信息用户更具决策相关性提供量化证据。研究结果表明 ,按照中国会计准则提供的会计盈余数据比按照国际财务报告准则提供的盈余数据更有信息含量。因而 ,当前我国的会计准则建设仍应考虑国情 ,不应当全盘照搬国际财务报告准则  相似文献   

6.
一、会计国际协调的内涵及发展趋势 会计国际协调是一个过程,通过这个过程.逐步缩小各国间会计实务的差异,并且最终形成一套公认的会计惯例或准则,促进各国会计实务和财务信息的可比性。关于会计国际协调的内在涵义,目前理论界有多种不同的形式表述,其中最具代表性的有:会计准则的国际协调、国际会计准则协调、国际会计惯例协调等。但是从近几年会计国际协调的发展趋势来看.会计国际协调正在向单一的会计准则——国际财务报告准则(IFRS)趋同,特别是在2000年国际会计准则委员会(IASC)实施重大改组后,会计准则全球趋同的目标逐渐清晰。这一变化使IASB成为全球统一会计准则的制定者。  相似文献   

7.
公司治理与会计稳健性——基于上市公司的实证研究   总被引:8,自引:0,他引:8  
会计稳健性是财务报告的一个重要特征和惯例,已成为会计盈余的重要质量特征之一。本文运用basu(1997)模型,将会计稳健性定义为会计报告对坏消息的确认比好消息更及时,探讨了有关公司治理的几个重要因素对会计稳健性的影响。研究发现:在影响会计稳健性的治理因素中,银行借款比例与会计稳健性正相关,国家股比例与会计稳健性负相关,在国家股比例低的分组,会计稳健性较高。发行有B股的企业,会计稳健性与只有A股的企业没有显著差异。研究表明,会计稳健性作为会计报告质量的一种量度,随着会计制度和准则的国际接轨与完善,证券市场监管的加强,取得了一定成效,但是会计准则和会计制度不能保证会计报告的质量,尚需改革国内相关的制度背景,如公司治理、法律实施环境等。  相似文献   

8.
刘峰  王兵 《会计研究》2006,17(3):25-33
我国资本市场有少量的公司同时发行A股和B股,这部分公司需要提供两套财务报表,分别遵循了国内会计准则和国际会计准则。我们以我国会计制度改革的特定时期(1998-2000)为背景,以同时发行A、B 股的公司为样本,经过研究发现,那些同时发行A、B股公司所报告的净利润差异,主要不是来自会计准则,而是来自于会计职业判断;而会计职业判断背后的经济动机在于上市公司为了达到保牌的目的。我们的研究丰富了有关会计准则与会计信息质量之间关系的研究。  相似文献   

9.
一、我国会计准则体系的构成 随着经济全球化和资本市场国际化的迅速发展,跨国上市和发行证券及国际投资活动日益增多,客观上要求会计方法在国际范围内相同或相近.在这一背景下,我国会计准则国际化进程明显加快.我国会计准则体系建设的基本目标是:建立起与我国社会主义市场经济相适应并与国际财务报告准则充分协调的、涵盖各类企业各项经济业务、可独立实施的会计准则体系.按照这一目标,财政部基本完成了会计准则的制定和修订工作.修订后的会计准则将由近40个会计准则构成.这些会计准则拟分为两个层次:一是基本会计准则,二是具体会计准则.具体会计准则可以分为三类:一般业务准则、特殊行业的特定业务准则和报告准则.  相似文献   

10.
2010年4月2日,财政部发布了《中国企业会计准则与国际财务报告准则持续趋同路线图》。路线图的发布标志着中国会计准则与国际初步实现了实质性趋同,推动我国在深化会计改革进程中迈出重要的一步。本文通过回顾中国会计准则的发展进程,分析会计准则国际化趋同对我国的意义和影响,对比中国会计准则与国际会计准则的差异,对会计准则国际化趋同带来的问题进行全面思考。  相似文献   

11.
Prior studies on whether or not International Financial Reporting Standards (IFRS) adoption improves earnings quality have found mixed results. We note that some of the countries that have adopted IFRS had national accounting standards similar to IFRS prior to adopting IFRS, while others had national accounting standards divergent from IFRS. We examine the effects of IFRS adoption by taking into account the level of divergence prior to the adoption of IFRS. We find that countries experience a greater drop in earnings management when they have a higher level of divergence from IFRS prior to IFRS adoption. More specifically, high divergence countries with higher levels of enforcement benefit the most followed by high divergence countries with lower levels of enforcement. Lower divergence countries with higher levels of enforcement do not significantly benefit from IFRS adoption. Lower divergence countries with lower levels of enforcement do not benefit from IFRS adoption at all. Our results support the contention that countries with lower quality local accounting standards prior to IFRS adoption benefit more from IFRS adoption.  相似文献   

12.
From 2005, over 7,000 listed firms in the European Union and many more around the world are required to adopt International Financial Reporting Standards (IFRS). The introduction of a uniform accounting regime is expected to ensure greater comparability and transparency of financial reporting around the world. However, recent research has questioned the quality of financial statements prepared under IFRS standards, particularly in the presence of weak enforcement mechanisms and adverse reporting incentives ( Ball et al. , 2003 ). In this paper, we assess the quality of the financial statements of Austrian, German and Swiss firms which have already adopted internationally recognized standards (IFRS or U.S. GAAP). The study makes use of available disclosure quality scores extracted from detailed analyses of annual reports by reputed accounting scholars ('experts'). This work complements other contemporary research on the quality of IFRS financial statements where the properties of earnings are used as an evaluation metric ( Barth et al. , 2005 ). Our evidence shows that disclosure quality has increased significantly under IFRS in the three European countries we analyse. This result holds not only for firms which have voluntarily adopted IFRS or U.S. GAAP, but also for firms which mandatorily adopted such standards in response to the requirements of specific stock market segments. Although we cannot establish direct causality due to the inherent self-selection issues for most of our sample firms, the evidence shows that the quality of financial reports has increased significantly with the adoption of IFRS.  相似文献   

13.
《Accounting in Europe》2013,10(2):159-189
There has recently been considerable discussion of those features of IFRS that are likely to help improve financial reporting in the European Union. However, certain issues may also have a negative impact on the quality of information. This paper focuses on the effect of IFRS on earnings management. Its main purpose is to examine whether the adoption of IFRS in the European Union has increased or decreased the scope for discretionary accounting practices by comparing discretionary accruals in the periods preceding and immediately after the regulatory change. Another objective is to determine which firms' features and country factors may explain the accounting discretion observed before and after IFRS. We consider a sample of non-financial firms listed on 11 EU stock markets. The results obtained show that earnings management has intensified since the adoption of IFRS in Europe, as discretionary accruals have increased in the period following implementation. The variables explaining accounting discretion are the same before and after IFRS (business size, leverage, investor protection and legal enforcement). These results suggest that variations in earnings management might be due to some room for manipulation under international standards when compared with local standards.  相似文献   

14.
This study examines financial reporting quality (FRQ) effects around voluntary International Financial Reporting Standards (IFRS) adoptions by German private firms across two important dimensions, earnings quality and disclosure practices. To capture differences in the motivations for IFRS adoptions, we identify four different types of IFRS adopting firms based on a comprehensive set of firm characteristics. We observe earnings quality improvements around IFRS adoptions primarily for one type of firm, which is young, fast growing and seeking access to public equity markets. Using a matched sample of private German GAAP and IFRS reporting firms, we find some evidence suggesting that IFRS also contribute to higher earnings quality. Recognizing that our earnings quality metrics are only incomplete measures of FRQ, we also compare the disclosure practices of IFRS and German GAAP firms. We find that all IFRS firm types disclose significantly more information in their financial reports and show a higher propensity to publish their financial reports voluntarily on the corporate website. Our findings indicate that failure to identify earnings quality changes around IFRS adoption cannot be automatically interpreted as IFRS adoption having no effect on the FRQ of (private) firms. Collectively, our results suggest that both incentives and accounting standards shape private firms’ FRQ.  相似文献   

15.
In this empirical study we examine whether China's efforts to converge domestic accounting standards with International Financial Reporting Standards (IFRS) over the past 15 years have resulted in the successful convergence of Chinese listed firms. This study is unique in that we evaluate convergence of firms' accounting practices from three perspectives: (1) the level of compliance with Chinese GAAP and IFRS, (2) the consistency of accounting choices under Chinese GAAP and IFRS, and (3) identification of significant differences in the net incomes produced under Chinese GAAP and IFRS (earnings gap).Using the 1999 and 2002 annual reports of 79 Chinese listed firms we find improvement in both compliance with IFRS and in the consistency of the accounting methods used in annual reports prepared under Chinese GAAP and IFRS. We also find a reduction in the earnings gap from 1999 to 2002. However, interestingly we observed that Chinese listed firms' compliance with IFRS is significantly lower than their compliance with Chinese GAAP. Overall we believe that our findings suggest that in China the convergence of accounting standards has been a conduit to the convergence of accounting practices.  相似文献   

16.
This paper examines whether earnings or book value is the dominant valuation accounting measure for companies reporting under alternative accounting standards — International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS), U.S. Generally Accepted Accounting Principles (U.S. GAAP) or domestic accounting standards of China, Hong Kong, Japan, Korea and Singapore. Our sample consists of domestic firms in the five Asian countries and firms from these countries cross-listed in the United States as American Depositary Receipts (ADRs) from 2002 to 2011. For domestic firms, book value is more informative than earnings for firms from Hong Kong, Singapore, China, Japan and Korea during 2002–2011 although their accounting standards are influenced by different systems. For the ADR sample, book value is more informative than earnings for U.S. GAAP reporters and reconcilers during 2002–2007. However, earnings are more informative than book value for U.S. GAAP reconcilers from China. After 2007, ADRs in our sample from Hong Kong, Japan and Korea continued to file under U.S. GAAP. Some ADRs from China filed under U.S. GAAP and some filed under IFRS. Earnings are more informative than book value for IFRS users; however, book value has higher incremental value relevance than earnings for U.S. GAAP users. We contribute to prior research by providing evidence on the valuation properties based on accounting measures reported under different GAAPs for the Asian countries.  相似文献   

17.
This article examines the effect of improvements in the quality of International Financial Reporting Standards (IFRS) on the level of earnings management. In order to achieve this aim, we study the accounting quality of German listed companies through discretionary accruals yielded from 1998 to 2006. We assess the effectiveness of efforts by the International Accounting Standards Board to improve IFRS by using two indices that consider the revision process of the standards, and their mandatory application. Our results indicate that the improvement of accounting standards quality significantly reduces the level of reported negative discretionary accruals of the German listed firms during the period of analysis, once incentive variables are controlled. Further, companies gradually assume the quality of the new standards from the moment they can be voluntarily applied.  相似文献   

18.
This study examines the effects of a series of harmonization and convergence with IFRS on the timeliness of recognition of earnings in emerging Chinese markets. We find that earnings reported under Chinese GAAP have a lower earnings response coefficient, but a higher future earnings response coefficient, than earnings reported under IFRS before Chinese GAAP converged with IFRS in 2007. This indicates that earnings reported under Chinese GAAP are generally less timely than earnings reported under IFRS before convergence. We also find that the future earnings response coefficient of earnings reported under Chinese GAAP continues to increase, indicating that the timeliness of recognition of earnings reported under Chinese GAAP worsened after a series of harmonization and convergence with IFRS in China. Taken together, this study provides evidence indicating that harmonizing and converging national accounting standards with IFRS in emerging capital markets may not necessarily increase accounting quality.  相似文献   

19.
We find that earnings quality (EQ) is reliably negatively correlated with the market values of equity of firms listed on the Jakarta Stock Exchange (IDX). The financial reporting process produces earnings viewed as increasingly ‘incomplete’ for valuation purposes by the capital market despite moves towards high‐quality financial reporting standards (IFRS) during the sample period 1995–2015. Time‐series analyses reveal that EQ decreases rather than increases through time. The role of earnings in valuation is replaced by other attributes, most notably net dividends. Firms that pay out dividends are valued significantly higher, and firms that issue equity are valued lower. These results are robust regardless of other accounting, market and governance controls. Large and closely held firms are valued higher than smaller firms, consistent with some aspects of the political cost hypothesis. Shares with higher idiosyncratic risk are valued higher, consistent with option value, as are shares where the volume of shares traded is more volatile. Collectively, the results indicate that the mere adoption of high‐quality accounting standards (IFRS) and other nominal changes in capital market regulations do not automatically increase the quality of the financial reporting process.  相似文献   

20.
We investigate the different effects on earnings quality of accounting standards and reporting incentives for Germany over the period 1994 to 2005. To this end, we control for reporting incentives at the firm level, instead of the country level, by using the timing of voluntary IFRS adoption as a proxy for reporting incentives. We then include reporting incentives in an analysis of earnings management and information asymmetry. Contrary to common expectation, we find that IFRS reporting potentially decreases earnings quality on average; but also that reporting incentives appear to have lower effects on earnings quality in IFRS statements than in GGAAP statements. Thus, IFRS may lead to more homogenous earnings quality across firms.  相似文献   

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