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With China’s rapid economic development, since the 1990s, people accounting information disclosure of listed companies more and more attention, which is the core of accounting information surplus, it is the focus of attention of investors, managers, creditors and others. Therefore, to ensure the authenticity of surplus accounting information has become an important part of the accounting work. In recent years, China’s listed companies for various purposes, using a variety of accounting methods to manipulate earnings. And reversal of provision for impairment of assets as a major means to manipulate earnings, the "numbers game" seriously affects the behavior of the authenticity of accounting information and misleading investors, decision-making, damage the interests of medium and small investors. Impairment of assets against malicious use of the behavior of earnings, China’s Ministry of Finance on February 15, 2006 release of the new corporate accounting standards, added a "Accounting Standards for Enterprises No. 8 - Impairment of Assets" specific criteria. The Code clearly stipulates that in four of eight impairment can not be reversed once confirmed. This provision for impairment of assets of the listed companies manipulate earnings by the behavior of a certain degree of control.After the implementation of new guidelines, a listed company can continue to use the asset impairment of earnings, impairment of assets and new standards on what the specific impact of earnings management, is the current concerns of the industry and the research focus. At present, accounting for impairment of assets at home and abroad although some studies, but the results are not much, especially the study between asset impairment and earnings management is little.This article using a combination of methods of the normative research and empirical research, research and analysis the impact of impairment of assets on the impact of earnings management before the promulgation of new guidelines.On this basis, the article in-depth study of the asset impairment of earnings management before the promulgation of new guidelines. First, this paper introduces the basic theory of the impairment of assets and earnings management; followed by, empirical research and analysis the asset impairment of earnings management before the promulgation of new guidelines; Finally, concludes with suggestions. This paper argues that impairment of the negative impact of earnings management can not rely on the formulation of guidelines for a solution, you need to constantly improve the standards based on the gradual inhibition of earnings manipulation by the behavior of asset impairment.
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