1. The objective of the report overemphasizes the service for national macroeconomic management and regulation. The information provided in the current financial report is financial information with historical cost as the main measurement attribute and accrual basis, which is used to complete the report and relieve the entrusted responsibility. Article 1 1 of China's Accounting Standards for Business Enterprises states that accounting information should meet the requirements of national macroeconomic management. Financial report has become one of the main means and important basis for the country to implement fiscal, tax and price policies. This reporting model originated from the planned economy, and the main function of financial reporting is to serve the government's macroeconomic management. With the improvement of the socialist market economy, enterprises have become independent economic entities with self-financing and diversified investment subjects. The goal of financial reporting should be to meet the information needs of relevant groups that have direct interests with enterprises, such as investors, creditors and the public.
2. Incomplete information disclosure. The specific performance is as follows: 1) The information provided in the current financial report is mainly historical information facing the past, and the unified use of monetary measurement has important reference value for users' future decision-making, such as forecast information, human resource value, quality of main managers, etc., which are excluded from financial statements and even financial reports; 2) The information of corporate social responsibility has been neglected for a long time in financial reports, and the resulting regulatory cost is enough to affect the long-term business performance of enterprises in the future, and even lead to bankruptcy of enterprises; 3) Due to the different information needs of reporting users and ways to obtain information, some specific users or user groups can no longer meet the general financial report. With the rise of the financial analysis profession in the new accounting environment, both the market and the users of financial information are calling for the difference report with some specific needs other than financial statements.