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 Wysłany: Sob 22:31, 23 Kwi 2011 Temat postu: Changes in the new guidelines for impairment of as |
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Changes in the new guidelines for impairment of assets of listed companies on the Impact of Earnings Management
Abstract: The promulgation of the new 2006 guidelines for asset impairment in the development process to fully consider the listed companies now use of earnings management for asset impairment for the actual situation in the provision based on the recognition criteria and measurement standards and steps to make the area more than the existing criteria detailed provisions, especially on the prohibition of the reversal of provisions for impairment of assets is bound to a certain extent, affect the existing Accounting criterion management of the company's earnings, inhibitory portion of the surplus management tool. New guidelines issued by the impairment of assets of listed companies before and after the provision for impairment of assets and reversal of the comparison of listed companies in the new guidelines for asset impairment that may occur after the enactment of the new means of earnings management. Keywords: Impairment of Assets; earnings management; provision; reversal of impairment loss adjusting companies use surplus assets, who can not make profit or loss for the first time to join the list of listed companies , in order to leave next year, paved the way for losses, often a huge provision for impairment of assets, and for the placement of shares or from special treatment to, delisting of listed companies are large penalties for Reversal of impairment of assets. Therefore, a certain number of listed companies have left for impairment of assets in preparation for the manipulation of profit. Promulgation of the new 2006 guidelines for asset impairment in the development process is now fully taken into account impairment of assets of listed companies for use of the actual situation of earnings management in the provision based on the recognition criteria, measurement standards and guidelines than the current terms of the steps made more detailed regulations, especially on the prohibition of the reversal of provisions for impairment of assets is bound to affect to some extent under the current accounting standards the company's earnings management, the inhibition part of the earnings management tool. Promulgation of new guidelines, the listed companies use surplus asset impairment adjustment was completely shut the door yet? Impairment of assets of the criterion in part through the promulgation of new listed companies before and after the provision for impairment of assets and reversal of the comparison of listed companies in the new guidelines for asset impairment that may occur after the enactment of the new means of earnings management. First, sample selection impairment of assets in order to fully analyze the new regulations on the impact of earnings management of listed companies, all of this to our sample of A-share listed companies, research 2005-2007 During the meeting the following two conditions on the sample: (1) 2004 years ago, and not listed on delisting of listed companies. (2) financial data integrity. Consider the above factors were obtained from 1233 samples, data from Securities Star, huge influx of advice sites. Data processing using EXCEL data analysis tool. Select the Shanghai and Shenzhen Stock Exchange listed companies issued A shares: 2005 412 2006 435 2007, 386 companies as samples. The impairment of assets in 2007 the contents of the table 14, and 2005 to 2006, comparing the eight impairment, therefore, reference to 2005 in 2007 and 2006, the project name, impairment of short-term investments for sale includes only the financial for impairment of assets, impairment of long-term investments, including long-term equity investment and held to maturity investments for impairment. Second, the research and analysis (a) Analysis of provision for impairment of assets Table 1 reflects the 2005, 2006 and 2007 provisions for impairment losses the ratio between the amount. As can be seen from Table 1, the amount of the top three in 2005 provision for impairment of assets are bad debts, inventories and fixed asset impairment, respectively, accounting for 41.96%, 28.15% and 14.73% ; the amount accrued in 2006 the top three of impaired assets and the same is also provision for bad debts in 2005, inventories and fixed asset impairment, respectively, accounting for 59.45%, 19.63% and 11.07; provision in 2007 the amount of the top three for impairment of assets is the same as the previous two years for bad debts, inventories and fixed asset impairment, respectively, accounting for 62.15%, 21.86% and 7.85%. But in 2006 and 2007 the total provision for bad debts ratio has been significantly increased from 41.96% in 2005 increased to 59.45% in 2006,[link widoczny dla zalogowanych], 62.15% in 2007, were increased by 17.49 and 20.19 percentage points.. Thus, bad debts provision for impairment of listed companies the main form of earnings management of listed companies is the main means. Provision for impairment of fixed assets in proportion to the total of 14.73% in 2005 fell to 11.07% in 2006, 7.85% in 2007, decreased by 3.66 and 6.88 percentage points. I believe that the main reason for this change is caused by the new guidelines after the introduction of asset impairment the use of fixed assets, intangible assets and construction in progress long-term assets such as a means of earnings management will be limited circumstances, the provision for impairment of long-term assets ready to be sunk costs, will only reduce the current period's profit. Therefore, the behavior of enterprises for impairment of assets must be very cautious, less provision for the less able to provision, leading listed companies tend to use short-term assets, impairment of earnings management. If a listed company can still be reduced by provision for inventories current profits and reduce the cost of ending inventory, which would lower the future cost of sales during the period, so that future profits rebound.
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