中文摘要：

本文使用了2001-2012年期间上市公司样本考察了新旧准则下会计应计金额对未来经营性现金流的预测能力变化,克服了过去研究中样本包含的新准则年度过少的缺点,并且对会计质量的度量更符合国际主流会计准则概念框架中的定义。我们的研究结果发现,新准则的实施降低了会计应计金额对未来经营性现金路的预测能力,特别的,包含公允价值损益的应计利润分量也是于预测能力显著下降的变量之一。这表明在我国这种对投资人司法保护薄弱的环境中,采用给财务报告编制人更多酌情裁量空间的准则会降低会计信息质量。

英文摘要：

This paper uses a sample of listing Corporation in the period of 2001- 2012 to examine the changes in the ability to predict future operating cash flow under the new and old accounting standards,overcoming the shortcomings of the new guidelines that the sample contained in the previous studies is too little for the year,and the measurement of accounting quality is more in line with the definition of the concept framework of the international mainstream accounting standards. We found that the implementation of the new guidelines reduces the ability to predict the future operating cash flow,especially the accrual profit that includes the fair value profit and loss is one of the variables that have a significant decline in the forecasting ability.This shows that in our country this kind of weak environment of the investor＇s judicial protection,the use of the financial report to the preparation of more discretion space standards will reduce the quality of accounting information.