- This?paper tests market efficiency through examining its capability to identify the essence of change in accounting estimate.
- The concepts of accounting policy change, accounting estimate change and accounting error correction are often encountered in accounting practices.
- As the basic work of Accounting has been reinforced, computer is used more and more largely in Accounting Estimate and Financial Administrate,and causes a propound change in the method of accounting and administration.
- During the report period, the Company did not have any change of account policies, account estimation, or important account mistakes.
- Lastly the public companies that have changed accounting principle are examined for 1998-2002. The major empirical results are summarized below:Firstly, the main type of public companies' accounting changes is accounting estimates changing .