Research on International Comparison of Earnings Per Share

【摘要 (中文/英文)】 随着企业经济业务的日趋复杂、我国证券市场的不断发展、全球资本市场的加速形成,我国政府已经意识到缩小我国会计准则与国际的差异、推动我国会计准则的国际趋同,对于提供可比的财务信息是至关重要的。鉴于此,我国财政部于2006年2月颁布了新的会计准则体系,并首次引入了《企业会计准则第34号——每股收益》。每股收益新准则的颁布,一方面能对引导国际资本的合理配置起到至关重要的作用;另一方面也能为会计信息使用者提供更为科学、合理的每股收益信息,以助于其做出正确的投资决策。然而由于这是我国首次制定每股收益准则,该准则在某些具体方面还与国际、美国会计准则存在差异,并不是很完善,因而有必要对其进一步的改进进行探讨。此外,由于每股收益指标本身也存在一些局限性,因而对于投资者应如何正确利用每股收益指标进行理性的投资分析这一点也是值得研究的。该文正是基于对上述问题的考虑展开论述的,大致分为以下五个部分: 第一部分为绪论,主要对国内外每股收益准则的发展历史进行了回顾。第二部分主要对每股收益指标的信息含量及其局限性进行了分析,并以此为基础展开下文的论述。第三部分则对我国每股收益准则与国际、美国的趋同及差异进行了分析。...更多第四部分主要基于我国每股收益准则与国际、美国的差异及每股收益指标的局限性对我国每股收益准则的改进进行了探讨。第五部分则进一步针对每股收益指标的局限性对如何使用每股收益数据进行财务分析为会计信息使用者提供了一些建议。 

As the business activities become more and more complex, the nonstop development of the security market in our country and the fast formation of global capital market, our government have realized that reducing the differences of accounting standard between our country and the international and promoting international homology of accounting standard is crucial to provide comparable financial information. Based on this, in February 2006, the Ministry of Finance, P. R. China issued the new accounting system and introduced“Enterprise Accounting Criterion No.34-EPS”.On one hand, the issuance of this accounting standard can play an important role in directing reasonable collocation of international capital. On the other hand, it can also provide reasonable and scientific earnings per share information for the accounting information users in order to help them make the right investment decision. Nevertheless, since it is the first time for our country to introduce this standard, compared with the international accounting standard and the EPS standard in American, there are still some differences, and it is not perfect yet as some specific regulations are concerned, it is necessary to probe into the improvements that we can make. In addition, it is also worthy for us to discuss about how can the investors correctly use the earnings per share index when they make the investment analysis since the earnings per share index itself has some limitations. Basis on the above considerations, this dissertation outspread its discussion and it can be divided into five parts as follows: The first part is an introduction. It mainly reviews the development history of earnings per share standard in countries all over the world. In the second part, it discusses the information content and the limitations of earnings per share index, which provide a basis for the following parts. In the third part, the author analyzes the homologies and differences of earnings per share standard between our country, international regulations and the American. In fourth part, based on the differences mentioned in the third part and the limitations discussed in the second part, the author provide some advice in order to perfect the new earnings per share standard. In the fifth part, this dissertation offers some suggestions to the investors about how to correctly use the earnings per share index when they make the investment analysis since the earnings per share index itself has some limitations.

【关键词 (中文/英文)】 每股收益; 基本每股收益; 稀释每股收益; 会计准则

earnings per share; basic earnings per share; diluted earnings per share; Accounting standard