Analysis and Testing of Effect of New Accounting Standard on Conservatism

摘要

Firstly, the paper illustrates the theoretical base change of new accounting standard, and analyzes the effect of confirmation and measurement on accounting conservatism. Then, it uses accrual/cash flow model to make positive research. The result indicates there is accounting conservatism prior and after the execution of new accounting standards. However, accounting conservatism is a little stronger before the execution of new accounting standard. Taken into consideration of little change of corporation governance structure and mechanism, this result is agreement with above theoretical analysis.