1、 中文 3490 字 外 文 翻 译 外文出处 Shanghai KPMC 外文作者 Dr.Francis WK SIU 原文： Accounting System and Information Disclosure I am very glad to have the opportunity to discuss with you on the hot subject of accounting system and information disclosure. Over the past year, all quarters of the society have given high
2、 attention to accounting system and information disclosure and so has our office. Here I would like very much to have a discussion on this problem with you. The fundamental problem to be solved in the accounting system and information disclosure is the quality of accounting information. In discussin
3、g the accounting system and information disclosure, it is, first of all, necessary to know what is accounting information. What is accounting information? An enterprise has many operational activities, but how to express the achievements of the operations? This requires quantification of the operati
4、onal activities and accounting serves as a tool for quantifying business activities and the result is accounting information. Simply put, accounting information is to use the number language to reflect the operational achievements. But why is accounting information so important? This is mainly becau
5、se it has too close a relation with you all. As economic cells of the society, all enterprises and people associated with them rely on accounting information. For instance, an investor has to take investment decisions based on accounting information； enterprise management has to take operational and
6、 other policy decisions according to accounting information； banks have to take decisions on loans based on accounting in formation. This means that the society and economy are inalienable from accounting information. That is exactly the reason why the accuracy and reliability of accounting informat
7、ion is very important to us all concerned. Accounting information must be true, accurate and complete But what is reliable accounting information? By reliable, it refers to the fact that accounting information must mirror the operational achievements and financial situation of an enterprise truthful
8、ly and accurately. But it is not enough to be true and accurate. As, even the accounting information is true and accurate, but investors can get little information from it, they cannot take effective investment decisions, either. The accounting information, therefore, has to be complete, mirroring t
9、he operational conditions of the enterprises in an all-round manner. Criteria for judgment There must be criteria for judging whether the accounting information of an enterprise is true, accurate and complete. If it lives up to the criteria, it is true, accurate and complete； if it runs below the st
10、andards, it is untrue and incomplete. The code of accounting for enterprises is the criteria to judge whether or not the accounting information is true and accurate. According to the readily accepted views on the international market, the accounting information must, first of all, be true and accura
11、te. By accuracy, it means to reflect the achievements of all economic activities and operations as they happen. We all know that, only by following an established principle and regulations, that is, accounting standards and accounting system as we have referred, is it possible for enterprises to tra
12、nslate their economic activities into quantified accounting language - accounting information. If the accounting information of an enterprise is based on the commonly accepted standards and system, it would be regarded as true. Otherwise, if accounting information violates the accounting norms and a
13、ccounting system, it would be regarded as untrue and inaccurate. That means that these accounting norms and accounting system provide the criteria for judging the truthfulness of accounting information. Relatively speaking, it is more difficult to abstract the standards for completeness of accountin
14、g information. Generally speaking, it means that accounting information should be comprehensive and it should cover all the major accounting information necessary for the endusers of accounting statements. In other words, an enterprise should disclose fully all the major incidences that have an impa
15、ct on the enterprise to present a comprehensive picture of the enterprise to the social public. But that does not mean that it has to list all the economic deals one by one. Accounting information must be readily understood. Otherwise it would be impossible for users of accounting statements to unde
16、rstand the too much information showered onto them. It is, therefore, necessary to heed a trap - the more accounting information, the better. Chinas accounting system and information disclosure With the daily growth in the ties of the Chinese economy with that of the world, capital market, as a fore
17、front for full compliance with international practices, is more pressing with the demand for true, accurate and comp information. In recent years, the departments concerned of the Chinese government have produced a large amount of accounting norms, systems and regulations to meet the requirements of
18、 the market economy. The State Securities Regulatory Commission has also produced related regulations on information disclosure to standardize the behavior of listed companies. All these show that China is marching toward the goal of true, accurate and complete accounting information. However, have
19、all enterprises made their accounting information true, accurate and complete on Chinas capital market? I believe that China is still quite a distance apart from the demand of the capital market on accounting information as shown by the reportedly forged financial statements by listed companies, the
20、 rising voices of the social public, demanding for strengthening market regulation and the increasingly heated discussions on accounting system and information disclosure. How to internationalize Chinas accounting norms and accounting system To solve the problem of true, accurate and complete accoun
21、ting information, it is imperative to mention accounting system and information disclosure. As we have mentioned above, accounting forms and accounting system are in fact the basis for compiling accounting information and at the same time serve as the criteria for judging the truthfulness of accounting information. To judge whether or not
