In study and work, when it comes to papers, everyone is certainly familiar with them. Thesis is a means to study some academic problems. I believe many people will find it difficult to write a paper. The following is my collection of papers on the quality of accounting information disclosure of listed companies. Welcome to reading. I hope you will like them.

Abstract: In today's rapidly changing capital economy market, the quality of accounting information disclosure of listed companies has an increasing impact on all stakeholders. Through the analysis of the present situation, this paper points out the reasons for the quality problems of accounting information disclosure of listed companies, and puts forward some countermeasures such as strengthening supervision, perfecting norms and strengthening public supervision.

Keywords: listed companies; Accounting information; Quality disclosure;

1, Introduction

Under the background of current economic globalization, the capital experience in market economy is undergoing profound changes. Huge GDP and import and export trade volume are accompanied by huge trade volume, and accounting information reflecting capital operation in trade is particularly important. The quality requirements of accounting information, such as validity, authenticity and reliability, affect the resource allocation and operational efficiency of the economic market, and the content reflected by accounting information will also play a guiding role for investors. As providers of accounting information, listed companies should strictly control the quality of accounting information. Accounting information disclosure needs to deliver useful accounting information to information users in a timely and effective manner, so that they can understand the company's financial situation and operating ability. The quality of accounting information disclosure affects the profit distribution of shareholders and related stakeholders and the decision-making of managers internally, the priority allocation and efficiency of market resources externally, and the decision-making of investors at the same time.

2. The present situation of accounting information disclosure quality of listed companies in China.

2. 1 Lack of credibility in accounting information disclosure

The generation of accounting information needs to go through three steps: accounting business, accounting and financial statement disclosure. In the process of accounting, according to the accounting system and the provisions of the accounting system, we can choose the appropriate accounting estimation method according to the actual situation. In the disclosure of financial statements, some enterprises do not disclose important matters, but only report information that is beneficial to the enterprise and conceal information that is unfavorable to them, which leads to the disclosure of accounting information, which makes information asymmetry between some listed companies and accounting information users at a disadvantage, and users make unscientific and unreasonable decisions under the condition of incomplete information, which may lead to major mistakes.

2.2 poor correlation of accounting information disclosure

Whether accounting information is relevant or not depends on the predicted value and feedback value. The earlier a listed company transmits information, the more full and true its content, the more reliable its forecast and the higher its information value. If the disclosure of accounting information is delayed, the external information users of the company will not be able to make correct analysis and prediction based on the known information, which will lead to confusion in investment decision-making.

2.3 poor comparability of accounting information disclosure

Because different listed companies operate in different ways, they will choose different methods in accounting and accounting estimation, and even the same business may adopt different methods, so the disclosure of financial statements will be very different, resulting in poor comparability between financial statements. External users of companies often use the same standards to analyze accounting information, but the lack of information often does not enable them to master accurate judgments.

3. The reasons for the quality problems of accounting information disclosure of listed companies.

3. 1 Internal reasons

First of all, the stock price can often reflect the operation of a company and is a standard to measure the internal management ability of the company. If the stock price has been hovering at a low level, it will be considered as low management ability. At present, most companies implement the policy of equity incentive, and the level of stock price and the profitability of the company are also linked to the management's own interests. More importantly, the information reflected in financial statements affects the choice of investors. Financial statements have high profits, which clearly reflect the profit situation. Investors often put idle funds into it and absorb a large number of investors' huge funds in the market, which undoubtedly has great temptation to listed companies. Therefore, some enterprises will appear accounting information distortion, which will affect the quality of accounting information.

Secondly, because the internal control system is a complete system covering the daily operation of the whole company, it needs strong software and hardware support such as professional management knowledge, personnel and technology. However, some companies still don't realize the importance of internal control to the company's operation or can't provide complete support, and they don't pay enough attention to internal control, so they can't control daily management and risk prevention and control. Although some companies have established complete internal control, they cannot give full play to the effect of internal control due to insufficient follow-up supervision or untimely information processing. On this basis, the unreasonable internal governance structure of the company is also the reason for the problems in the quality of accounting information.

Finally, because accounting policies are constantly updated and improved with the progress of the times, companies may be inconsistent with the current accounting standards when dealing with company affairs, especially when confirming assets, income, expenses and other items, which will also distort accounting information and affect its quality.

3.2 External reasons

In China, the departments that supervise the accounting information disclosure of listed companies are mainly CSRC, Shenzhen-Shanghai Stock Exchange and China Institute of Certified Public Accountants. The CSRC is the most authoritative department, responsible for the first financial information disclosure. Shenzhen Stock Exchange is at the forefront of supervision, but its rights are limited. The AICPA indirectly supervises the quality of accounting information mainly through accounting firms. In the choice of accounting policy, accounting standards give companies a certain space because of the complexity of the affairs handled and the different nature of each company. However, it is still necessary to rely on subjective judgment to choose the appropriate accounting standards for accounting, which has caused great trouble to the regulatory authorities on the basis of supervision. Secondly, the punishment for accounting registered personnel is mainly administrative responsibility, and the most serious thing is to revoke the license, and the punishment needs to be strengthened.

4. Methods to improve the quality of accounting information disclosure of listed companies

4. 1 Improve the legal system and increase penalties.

First of all, it is necessary to improve the legislative system of accounting information quality information of listed companies, form mature norms in content and structure, and avoid the act of scratching the edge. At the same time, increase the punishment, multiply the amount of punishment by the interests of others, establish a blacklist and illegal exit mechanism, and implement the responsibility to companies and individuals.

4.2 Provide for mandatory information, voluntary information and predictive information disclosure.

Classify and stipulate the information content disclosed by listed companies. Information users and managers need or influence decision-making information to be disclosed by listed companies, so as not to obscure the public view. On this basis, listed companies can choose their own voluntary financial information to supplement the integrity of information, and can also establish a good image of the company on the basis of improving basic information to properly protect the interests of listed companies. When accounting information disclosure is incomplete or even distorted, it is difficult for investors to form correct predictions and judgments. Therefore, listed companies can give some predictive information, and make a longer-term and deeper analysis of it, improve the accounting information forecasting system, make the forecasting results more scientific and the information disclosure quality higher.

4.3 Establish a reward and punishment mechanism

In the way of reward, we can adopt the shareholding system, annual salary system, corporate culture and other ways to enhance managers' sense of belonging and responsibility to the company, so that employees can understand that the development of the company is closely related to everyone's behavior, and at the same time, we can formulate punishment measures for violators, and those who are serious will never be hired.

4.4 Strengthen the external supervision of enterprises and improve the internal control system.

Give full play to the supervision and management functions of CSRC, Shenzhen Stock Exchange and China Institute of Certified Public Accountants, and make their rights match the scope of supervision, so as to improve the supervision system and strengthen supervision. Listed companies should attach importance to the establishment of internal control system, so as to separate management and supervision, rights and responsibilities. In terms of staffing and hardware support, the company should try its best to ensure its operational capacity and keep pace with the times.

4.5 Improve the performance evaluation standard system of listed companies

Take a comprehensive view of a company's development ability, such as asset status, market evaluation, solvency, etc. , so as to have a scientific and comprehensive evaluation of listed companies, rather than just using traditional profitability to measure the value of the company; Some non-financial factors can also be cited to join the judgment system, so that listed companies can not only seize the immediate interests, but also mobilize their greater enthusiasm to pay attention to the future benefits and impacts.

4.6 Strengthen supervision by public opinion

Small and medium investors are the most extensive users of accounting information, so the supervision of the public should be the biggest supervision activity. Establish a reward system for public exposure, but don't use it as a means of profit, mobilize the public's enthusiasm for improving the quality of accounting information of listed companies, and maintain market order.

5. Conclusion

The quality of accounting information affects the judgment and decision-making of accounting information stakeholders. It is of great significance to improve the quality of accounting information and improve the supervision and governance system of capital market. We should change the traditional valuation standards of listed companies, look at the development of listed companies from a long-term perspective and supervise them to improve the quality of accounting information.

Step 6 refer to

[1] Zhang Wenfen. Research on Accounting Information Disclosure of Listed Companies in China [D]. Ministry of Finance: Institute of Fiscal Science, Ministry of Finance, 20 14.

[2] Hu, Zhai Yonghui. Problems and countermeasures of accounting information disclosure of listed companies [J]. Economic Horizon, 20 14 No.7:10/-104.

[3] Yu Mei. Analysis on the quality of accounting information disclosure of listed companies in China [J]. Research on Financial Issues, 20 15, No.6. 。

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