新会计准则下利润信息的合理使用_合并报表净利(7)

EnglishAbstractsofMainPapers

SeparationTrendofAccountingStandardsandRegulatoryRequirementsonFinanceand

InsuranceandtheRelevantResultsofReforminChina

LiuYuting

Theseparationofaccountingstandardsandregulatoryrequirementsonfinanceandinsurancereflectstheindependenceofdevelopingtheaccountingstandards.Itisveryimportanttoestablishasinglesetofhigh-qualityglobalaccountingstandards.Theseparationisduetothedifferencesbetweentheaccountingobjectivesandtheregulatorygoals.AccordingtotheexperienceofinternationalfinancialmarketsdevelopmentinmanyyearsandtheresultsoftheaccountingreforminChina,theseparationofaccountingstandardsandregulatoryrequirementsbecomesageneraltrend.Thusweshouldfollowthedomesticandinternationaltrends,andseparateaccountingrulesandfinancialregulatorypoliciesactively,andcoordinateandconvergentthemeffective ly,soastoenhancethetransparencyofaccountinginformationoffinanceandinsurance,maintainfinancialsecurityandstability,andcomprehensivelymprovethecore-competenceofChina)saccountingstandardsandthewholefinanceandeconomy.i

ProperUtilizationofEarningsInformationunderNewAccountingStandards

TheChoicebetweenConsolidatedandParentEarnings

LuZhengfei&ZhangHuili

TheimplementationofthenewaccountingstandardsinChinahaspotentiallyenlargedthedifferencebetweenconsolidatedandparentearnings,whichwouldbringinfluenceonthedecisionofstockholdersandcreditors,dividenddistributionoflistedfirms,andperformanceevaluationofbusinessgroup.Focusingonpossibleproblemsintheabovearea,thispaperanalyseshowconsolidatedandparentearningsinformationshouldbeproperlyuti lized.Inthispaper,weclaimthatconsolidatedearningsprovidebasicprofitinformationforbothstockholdersandcreditors,whileparentearningsplayanimportantcomplementaryrole.Fromtheperspectiveofdividenddistribution,onlyifparentfirmmakesdecisionsupontheloweroftheconsolidatedandparentearnings,financialsoundnesswillbeattained.Asfarasinternalperformanceevaluationisconcerned,forthepurposeofbothadequatemoti vationandcentralizationoffinancialresources,aproperweightshouldbeassignedtotheconsolidatedandparentearningswhenevaluatingtheperform anceofparentfirm)smanagemen.t

RethinkingofContemporaryAccountingTheoryonFairValuePerspective

RenShichi&LiJiyang

Fairvaluemeasurementisrootstockraisedfrompricefluctuating.Thecoreoffairvalueaccountingistoadjustthebookkeepingrecordaccordingtocurrentmarketpriceondifferentmeasurementtime,soastosatisfytherealfaithfulreflectionbydynamicaccountingreflec,twhichisindicatedthattheinbeingofaccountingistomeasurevaluemovementofafirm.Fairvalueaccountingcollideswithcontemporaryaccountingtheoryinthehypostasisandtheobjectiveofaccountingandthequalitycharactersofaccountinginformation,andthelike.Thecontemporaryaccountingtheorybasedoninformationsys temstheoryandhistoricalcostprincipleisself-contradiction.Anewaccountingtheoryisneededtoguidethefairvalueaccountingresearchandprac tice.

Cross-sectionalDeterminantsofCorporateTransparency

EmpiricalEvidenceBasedonAgencyTheoryandSignalTheory

TanJinsongetal.

ThispaperattemptstoexplorethedeterminantsofcorporatetransparencyinChina.Accordingtoouranalysisframework,corporatetransparencyisco-determinedbyinteriordrivefactorsandexteriorpressurefactors.Basedonourtheoryanalysis,andusingthedataof2001-2008oflistedcompa niesincludedininformationdisclosurequalityevaluationofShenzhenStockExchange,weempiricallytestthedeterminantsofcorporatetransparency.Theresultsshowthatinteriordrivefactorsandexteriorpressurefactorscanwellexplaincorporatetransparency,andtheseresultsconsistentwithourtheo ryanalysis.Moreover,wefindthatinteriordrivefactorsexplainthechangeofcorporatetransparencytoagreatexten,tanditisalsothemaindetermi nantsoflong-termcorporatetransparency.

ApproachtoPolicyEffectonCorporateCashFlowundertheBackgroundofFinancialCrisis

ChenZhibin&LiuJing

Recentlytherearefewscholarswhostudycorporatecashflowfromtheperspectiveofmacro-policy.Thispaperfocusesonthefiscalpolicyunder