財(cái)務(wù)報(bào)表中的好消息與壞消息 運(yùn)用會(huì)計(jì)報(bào)表附注來(lái)證明【外文翻譯】

1、1外文文獻(xiàn)翻外文文獻(xiàn)翻譯譯譯譯文原文：Financialreptingofgoodnewsbadnews:evidencefromaccountingnarrativesAbstract—Accountingnarrativesareanincreasinglyimptantmediumoffinancialcommunication.Inparticulartheyplayacrucialroleinthecpateannualrep

2、tallowingcompanymanagementtopresentannualperfmancetousersinareadilyaccessiblemanner.Researchsuggeststhatsuchnarrativesarewidelyusedconsideredimptantintheinvestmentdecisionsofprivateinstitutionalinvests.Howeveraccountingn

3、arrativesareunauditedthusmaybesubjecttoimpressionmanagement.Thispaperfocusesonthechairmansnarrativesofthetop50bottom50listedUKcompaniesrankedbypercentagechangeinprofitbefetaxation.Theresearchexamineswhethercompanieswithi

4、mprovingdecliningperfmancereptgoodbadnewsindifferentways.Thefindingssuggestthatbothgroupsofcompaniesprefertoemphasisethepositiveaspectsoftheirperfmance.Inadditionbothgroupsprefertotakecreditfgoodnewsthemselveswhileblamin

5、gtheexternalenvironmentfbadnews.Thusdespitereptingonmarkedlydifferentfinancialperfmancemanagementapproachitinthesameselfservingway.Theresultsofthispreviousresearchhaveimptantpolicyimplicationsffinancialrepting.Thecurrent

6、auditingregulationscouldusefullybeextendedsothatthenarrativesaremerigouslyreviewed.1、IntroductionAccountingnarrativesrepresentanincreasinglyimptantfinancialreptingmedium.ThesenarrativessuchasthechairmansstatementintheUKt

7、hepresidentsletterintheUStypicallyoccupyprimepositionswithintheannualrept.Theyallowmanagementtopresentaserialannualdeionofcpatefinancialperfmance.EmpiricalresearchintheUShasdemonstratedthatboththeinclusionthecontentofpre

8、sidentsletterssignificantlyaffectthejudgmentsofindividualsinequityinvestmentdecisions(Kaplanetal.1990).3inhalfofoursurveycompanies[100UKpuhliclimitedcompanies]annualrepts.MerecentlyArthurersen(2001)pointtoanincreaseinthe

9、proptionoflargelistedcompaniesannualreptsdevotedtonarrativeinfmationfrom45%(in1996)to57%inparativelylittleresearchhasbeenconductedintoaccountingnarrativesinannualreptsdespitetheirgrowingimptance.Thisisespeciallytruecompa

10、redtothewealthofresearchdevotedtothefinancialstatements.Researchisparticularlytimelybecauseofthecurrentlargelydiscretionaryunauditednatureofaccountingnarratives.ThesituationintheUKistypicalofthatwldwide.SASNo.160theappli

11、cableUKauditingstardstatesauditshavenoresponsibilitytoreptthattheotherinfmation(i.e.accountingnarrativescontainedintheannualreptwiththeauditedfinancialstatements)isproperlystated.Auditsshouldhoweverreadtheotherinfmationi

12、ftheyidentifymaterialinconsistencieswiththefinancialstatementsmisstatementswithintheaccountingnarrativestheyshouldseektoresolvethem(APB1995para.4).Inpracticehowevertheseprovisionsaredifficulttointerpretactupon.Thisgivesm

13、anagementopptunitiestodiscussexplaincpatefinancialperfmancelargelyuntroubledbymatyconstraints.Iftheywishmanagementmaytherefeindulgeinimpressionmanagementbyinfluencing(attemptingtoinfluence)theperceptionsofusers.Thismayin

14、turnleadtoconflictingmessagesbeinggiveninthenarrativestatementsinthequantitativefinancialstatements(SmithTaffler1995).Thiscurrentpaperaimstoaddtoourknowledgeofaccountingnarrativesespeciallytheirroleinimpressionmanagement

15、.Theparticularfocusofthispaperisthechairmansstatementsfromtheannualreptsof50UKlistedcompaniesreptingimprovingperfmance50UKlistedcompaniesreptingdecliningperfmance.ThechairmansstatementisnotonlythemostreadoftheUKsaccounti

16、ngnarrativesbutalsothelongestestablished.Thesenarrativesprovideafumtoinvestigatethekeyquestionofwhethercompanieswithimprovingdecliningperfmanceadoptthesamereptingstrategies.Themainpurposeofthisstudyistoertainwhethertheam