Study On Accounting Problem Of BOT Project

With the rapid development of urbanization and industrialization in China,the construction of intelligent city is becoming more and more important,and public infrastructure construction is very important.In this model,due to limited government funds,the introduction of private capital,to take BOT financing is the most common.With the continuous improvement of people's living standards,domestic waste production is also increasing,the phenomenon of environmental pollution has become increasingly serious.Environmental projects often require substantial capital investment operations,the Government usually contracted to the ability of operators to carry out construction operations,the project company has the right to operate franchise period,the franchise expires after the government to recover the infrastructure construction ownership.In theory,IFRIC 12 and ASBE 2 regulate the BOT business,but there are still problems in the accounting of related businesses,and the quality of accounting information needs to be further improved.This paper studies the accounting treatment under the BOT model of China's environmental protection enterprises through the comparative study of the international interpretative announcement and the explanation and announcement of our country,and the specific case study of S Company,so as to make a theoretical contribution to further improve the interpretation and announcement,Action Provide processing suggestions.First of all,the author introduces the concept of BOT project and the analysis of relevant characteristics,while the IFRIC 12 and ASBE 2 announcement compared,the conclusion is ASBE2 convergences IFRIC 12.Secondly,the author compares Hong Kong listed companies with A-share and H-share listed companies to explore their disclosure of accounting attributes,accounting basis and follow-up methods.Then,through the case analysis of the BOT project accounting of S company,the author further explores the specification of BOT project confirmation,measurement and report from the practical aspect,sums up the success and existing problem of S company accounting treatment;At last,the author sums up the problems in accounting for BOT projects in our country and puts forward some suggestions and solutions from four aspects.China's academia for the BOT project research methods are used to standardize the study,even if the case is generally joined by the sample for the road and bridge,but for the characteristics of waste processing enterprises such characteristics of typical industries and businesses very little.In this paper,overseas enterprises to follow international norms as an example,combined with the status of China's waste disposal enterprises to carry out research to promote China's BOT accounting standards rich and perfect,the enterprise has some practical reference.