英语大摘要

Title of the Paper : Research on Relevant Problems to Financial

Accounting Reports of Listed Companies Major : Management Science and Engineering

Author : Wei Xiaozhuo

Supervisor : Wu Junmin Professor

College : East China Shipbuilding Institute

Abstract

“The more developed economy is, the more important the accounting work is.” Along with the development of the socialist market economy in our country, especially after joining the WTO, the process of our economy going in harmony with the international economic integration is being accelerated. Being the universal business language, accounting is under constant change and more are required about the innovation and reform of accounting theories and practice.

The quality of financial accounting reports often decides the quality of the accounting information. But there are some problems in the financial accounting report theoretical system in our listed companies. The financial accounting report analysis system is not perfect, either. Therefore the reformation is urgent in order to upgrade the accounting information.

In this paper the intension of listed company, financial accounting reports of listed companies is explained in Chapter One, and the research background, purpose, meaning, main research work and innovation are also introduced in it.

The main body of this paper is divided into two parts. The first part, from chapter two to chapter four, is qualitative analysis, describing theoretic study of the problems in the financial accounting reports of our listed companies.

In Chapter Two the problems in conceptual framework of elements of financial accounting reports and item setting in our country are pointed out. It puts forward “deferred tax” as ot her items of assets and liabilities in item setting of the balance sheet is more appropriate; It says that the “privilege” in “fixed assets” destroys the harmony of the balance sheet and should be revised, and the balance sheet of our country can be changed into the report types of upper and lower structure; It proposes that “the subsidiary sheet of provision for impairment of assets” renamed as “the subsidiary sheet of provision for impairment (or loss) of assets” can be more perfect, also “provision for loss on decline in value of current investment” and “provision for

loss on realization of inventories” be renamed as “provision for impairment of current investment” and “provision for impairment of inventories” respectively; The financial expenses of our country should not include the interest expenses, and the interest expenses should be single arranged and be put before the items of the income tax; It puts forward the income statements of our country should set up four elements, i.e. income, gins, expenses (cost) and losses. Non-operating income should belong to gins category, and Non-operating expense should belong to losses category.

In Chapter Three the distortion of financial accounting reports of listed companies is divided into unintentional (uncertainty and illegibility of accounting) and intentional (window dressing financial accounting reports), analyses are made separately and corresponding countermeasures are put forward. The concept and reason of uncertainty of accounting are not the same as the illegibility of accounting. It is not the same to deal with the tactics of uncertainty and illegibility of accounting; It utilizes complete information dynamic model of the economic game theory to research on window dressing phenomenon of financial accounting reports of listed companies, it mainly analyzes the game between the listed companies and government supervision department, and explains the tactics of dealing with the window dressing financial accounting report of listed companies.

In Chapter Four the popular offset entry of “provision for bad debts” in the present consolidated financial statements is queried, the offset entry of debiting “accounts receivable (provision for bad debts part included) ” and crediting “general and administrative expense s” are proposed to distinguish, denoting the offset is the provision for bad debts part included of accounts receivable item; It proposes the entry of goods (or products) sold by the one of the interior of an enterprise to another as fixed assets should regard as sales, and its profit on sales has already been realized, should not offset while working out consolidated financial statements; The system researches on the offset question of the indirect influence of the un-realizing profits and losses caused by interior business to the income tax when working out consolidated financial statements, namely the disposal problems of income tax accounting in consolidated financial statements, and it provides the instances .

The second part, from chapter five to chapter seven, is the quantitative analysis, mainly about an empirical study of three listed companies in shipbuilding industry, “Jiangnan Shipyard (Group) Co., Ltd”, “Guangzhou Shipyard International Co., Ltd” and “Hudon Heavy Machinery Co., Ltd”.