What Is Municipal Accounting?

Accounting information refers to all kinds of news, data, and materials that can be accepted and understood by people in the past, present, and future about the movement of funds through accounting records or scientific predictions. ^[1]

Accounting information

Accounting information refers to all kinds of news, data, and materials that can be accepted and understood by people in the past, present, and future about the movement of funds through accounting records or scientific predictions. ^[1]

In order to thoroughly implement the spirit of the Fourth Plenary Session of the 18th Central Committee of the Party, and to comprehensively promote the rule of law and open government affairs, on October 28, 2014, the Ministry of Finance officially released the Ministry of Finance s Accounting Information Quality Inspection Announcement No. 29, No. 3 Tenth and thirty-first. Among them, the 29th and 31st Announcements made a house-to-house announcement on the inspection and processing results of enterprises, financial institutions and securities qualified accounting firms organized by the Ministry of Finance to conduct inspections by commissioners. Provincial Finance Department Inspection Enterprise

Accounting information is the economic activities revealed by an enterprise from an accounting perspective, including the financial status, operating performance and cash flow of the enterprise.

Accounting information is mainly used to process the data generated by value movements in the business process of enterprises. According to the prescribed accounting systems, regulations, methods and procedures, they are processed into financial information and other economic information that are helpful for decision-making. Specifically, accounting

Accounting information is

1,

The distortion of accounting information is becoming more and more serious in real life, which has caused major harm to people's work and life.In summary, there are mainly the following aspects:

1. Pass misinformation and mislead economic behavior. From a micro perspective, the impact of accounting information permeates the entire process of production and operation activities, including investment, financing, decision-making, planning or control of benefit distribution. For example, an investment technology decision should be based on the past

China's accounting development shows eight trends

1. China's accounting will be further in line with international practice

2,

From the above analysis of the current situation, we can see that although there are local governments and

The goal of controlling distortion of accounting information of state-owned companies is to make accounting distortion subjects give up the act of distorting accounting information, that is,

Based on the above analysis, specifically, in practice, we should proceed from the following two aspects to build a restrictive mechanism for the distortion of accounting information in China's state-owned enterprises.

Since 2007, accounting standards in Mainland China have been brought into line with International Financial Reporting Standards (IFRS). In layman's terms, this study seeks to determine whether investors' reliance on financial reports prepared under the new IFRS exceeds that of financial reports prepared under Chinese accounting standards (CAS).

Previous research is inconclusive, so the authors of this report have added more explanatory variables to explore the impact of industry classification, regional development, government control, foreign ownership, delisting regulations, and state subsidies.

This latest study finds that the convergence of Chinese accounting standards with IFRS has significantly increased the value of (financial reporting). That said, investors now pay more attention to financial reporting than ever. The report also found that financial reports of companies in developed regions, manufacturing-related companies, and foreign-shared companies are more trusted by investors.

All these findings are not surprising. The convergence of Chinese accounting standards with IFRS has indeed improved the usability of China's financial reports, but I believe that the main reason why investors pay more attention to these reports is that their reliability is not the improvement in the reliability and comparability of accounting standards, but the numbers in the report Improved reliability. This may be ridiculous given the large number of accounting scandals in the past few years, but I do believe that China's financial reporting situation has improved significantly in the past decade or so. Although convergence to IFRS is helpful, the biggest change is that China's accounting industry has grown.

In the past two decades, the institutional environment of China's accounting industry has undergone major changes. Changes in accounting standards are part of it, but more importantly the growth of independent accounting firms and experienced accounting professionals. I think this latest research shows that investors are placing greater trust in accounting systems rather than accounting standards.

This study attempts to explore this issue by studying some new variables related to institutional development. One problem facing any academic research is that it is almost impossible to identify all the potential variables, especially when exploring complex issues like the development of the accounting industry. ^[3-4]