The accounting information disclosed by the enterprise will be seen by investors on the information sharing platform. Investors understand the operating status of the enterprise through information, and the information analysis, make investment deployment decisions, but the enterprise can only disclose the accounting information of the previous accounting period after the expiration of the prescribed disclosure period. When the accounting information disclosure is insufficient, it will lose its reference value and affect the investor's decision-making, and the lag of accounting information disclosure may be due to the poor performance of the enterprise's previous operation. Business decision makers believe that the disclosure of this information will affect the subsequent development of the enterprise, so the information is hidden in this period, after most investors make investment decisions, and then accounting information complement. Another part of the enterprise does not disclose in a timely manner also does not have to hide, may be the lack of accounting personnel or data preparation is not comprehensive enough, the need to spend more manpower, material resources, time to collect and organize information disclosure, resulting in accounting information disclosure lag.
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