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论文编号：	1265
作者编号：	2120071916
上传时间：	2009/6/14 0:17:30
中文题目：	合并财务报表与母公司报表有用性
英文题目：	The Usefulness of the Consolid
指导老师：	黄菊珊
中文关键字：	合并财务报表 母公司报表 有用性
英文关键字：	consolidated statements paren
中文摘要：	随着我国企业集团化趋势的发展和会计信息监管的需要，越来越多的上市公司需要编制合并财务报表，合并财务报表已经成为决策的重要信息来源。 目前，我国证监会要求上市公司同时提供合并财务报表和母公司报表，但是在披露企业财务指标时，不论是企业定期报告还是数据库都仅提供以合并财务报表为基础的财务指标，甚至部分数据库只提供合并财务报表。此种现象忽略了母公司报表反映的财务指标以及两套报表对应指标间差异的信息含量。另外，在我国2006年颁布的新会计准则中，合并财务报表相关准则与以往相比，有了重大突破。 本文在以上制度背景下，通过理论分析和实证检验，探讨合并财务报表和母公司报表对投资人和债权人的有用性，并检验新会计准则优化报表分工的政策效应。具体结论如下：（1）合并财务报表对股价的解释能力在整体上要优于母公司报表，在股票投资决策时，应该更多的关注合并财务报表的会计指标。（2）根据合并财务报表和母公司报表计算的偿债能力指标存在差异，并且合并财务反映的偿债能力稍差。母、子公司的债权人在信贷决策时，应该以母、子公司个别报表为主，以合并报表为辅，分析集团整体财务状况对单个企业法人偿债能力的影响。（3）新准则使合并财务报表和母公司报表反映的盈利能力差异加大，两套报表的分工更加合理、明确。在母公司利润分配决策时，母公司报表比合并财务报表更相关。在集团经营决策以及集团间业绩对比时，合并财务报表更有用。最后，为提高合并财务报表的有用性提出两点政策建议：一点是双重披露财务比率。另一点是增加披露合并财务报表“内部交易抵销调整表”。
英文摘要：	More and more listed companies need to disclose consolidated statements with the enterprise grouping trend and accounting information supervision. Consolidated statements have become an important source of information in decision-making. At present, China Securities Regulatory Commission requires listed companies to provide both consolidated statements and parent company statements, but listed companies and database merely disclose the financial indexes based on consolidated statements, and even the database providers just disclose consolidated statements. This phenomenon means that parent company statements and their financial indexes have being overlooked, as well as financial index variances between the two sets of statements. In fact, the neglected information is useful in decision-making. In addition, China Accounting Standard Committee released new accounting standards in 2006. The accounting standards on consolidated statements varied significantly. On the above background, this paper discusses the usefulness of consolidated statements and parent company statements for investors and creditors, and then tests the effects of the new accounting standards which rationalize the division among consolidated statements and parent company statements. We concluded that: (1) The explanatory power of consolidated statements to the stock price is superior to the parent company statements. Consolidated statements should be paid more attention to when making the stock investment decisions. (2) Solvency indicators of consolidated statements and the parent company statements are different and the solvency of the consolidated statements is poorer. When the creditors of the parent company and its subsidiaries make credit decisions, the financial statements of the parent company and its subsidiaries should be mainly read, then we can use consolidated statements to analyze impact of the enterprise group on the solvency of the parent company and its subsidiaries. (3) Consolidated statements and the parent company statements have more differences in the profitability due to the new accounting standards. Finally, two suggestions are made in order to enhance the usefulness of consolidated statements: One is to disclose accounting indicators by consolidated statements and parent company statements at the same time; the other is to disclose “Adjusting Table of the Inside Transaction Items Offset”.
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