挪威基础会计论文.docVIP

　　挪威基础会计论文 --挪威基础会计论文-专业基础会计的应用探讨Nor is the traditional accounting principle in recognition and measurement, and it influenced accounting practice and accounting theory for centuries. It is generally accepted that the stakeholder can benefit from the conservative report. After 1990s, foreign researchers began to focus the cause of accounting conservatism, hoeasure conservatism and economic consequences of accounting conservatism. But, in China, the researchers began to focus the field in 2004. Although domestic researchers confirmed the persistence of accounting conservatism in China, the study on the economic consequences of accounting conservatism is not very thorough. Thus, based on the former conclusion, this paper analyses the effect of conservatism principle in China. Specifically, by analysis on the influence that conservative information made on the decision of shareholders, creditors and managers, the paper makes a judgment on pany’s economic consequences of accounting conservatism in China, and evaluates its effect on allocation efficiency.The paper discusses three questions, namely the functions of conservatism in enhancing debt efficiency, improving investment decision and improving valuation. Thus, the paper can make the judgment that the use of conservatism in protection creditors’interests, reducing managers’decision risk and improving investors’evaluation efficiency on the market.(1) the relation bet and efficiency of debt, cost of debtFirstly, based on the frame and debt contract efficiency is determined by the degree of information asymmetry beteans that only if the degree of information asymmetry is high enough, conservatism could play the function of signal revelation, then pany’s more conservative means higher debt contract efficiency and lo’s debt contract. The paper finds that, in China, the pany’s degree of conservatism is negative correlation to the degree of conflict of interest betely, the more severe conflict is, the more conservative the