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Title: |
Thinking on Perfecting Accounting Estimate Change’s Choice of the Public Company |
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Source: |
International Conference on Engineering and Business Management 2012(Part 1 Enterprise Operation and Management（1）)
(pp 169-172)
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Author(s): |
Chengmin Liu, Henan Institute of Engineering, Zhengzhou, China, 450052 |
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Abstract: |
The new accounting standards expand the space of accounting estimate change. Accounting estimate has a major effect on the accounting information quality of the public company. The problems of the accounting estimate change of the public company include：Accounting estimate change covers incompletely; the choice subject of accounting estimate change is lack of refining standards; accounting standards and relevant system are not in coordination; and poor punishment has taken on abuse of accounting estimate. The main measures of perfecting the accounting estimate change’s choice include: Accounting estimate should cover all estimated projects; accounting standards and other related systems should be in effective connection; and increase the punishment on the abuse of accounting estimate.
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