Research On Several Problems Of Lease Accounting Standard

Lease is an important way for raising money and managing assets. Owning to its off balance sheet financing function, lease has prevailed since 1950s. Many accounting problems companied with development of lease industry. Rule-making institutions have issued lease accounting standards to deal with them.But still there are lots of arguments about accounting for lessee of the standard. These arguments were mainly put forward from the viewpoint of accounting process, such as recognition, measurement and reporting. Such being the case, the author is trying to make a systematical analysis of lease accounting standard by answering following questions: what's the objective of lease accounting standard setting; whether present lease accounting standard has achieved this objective; why the objective isn't reached and how to reform lease standard to achieve its goal. All these are thought with a view to lessee. The dissertation can be divided into five chapters.In chapter one the author retrospects present lease accounting standards home and abroad and the literature concerning accounting for lessee, lists problems unresolved, and stresses the theoretical and practical signifances of the study on these problems.In chapter two the objective of accounting standard setting is analyzed. It is inferred from history of accounting and accounting standard that the objective of accounting standard setting lies in representational faithfulness. Seen from lessee, a more detailed objective of lease standard is to resolve accounting problems brought from off balance sheet lease financing. Real effects of present lease accounting standard indicate that this objective isn't achieved.Chapter three is devoted to the cause that leads existing lease standard discursive. Reexamined accounting standard with a point of contract theory, leaseaccounting standard is a contract to limit lessees to choose lease accounting policies between recognition on balance sheet and disclosure outside balance sheet. Due to economic effects of two policies, lessees prefer the latter. The measure to choose accounting policy has dual impact on achieving objective. The direct cause that present lease accounting standard is discursive to its objective is that the present measure for choosing lease accounting policies is unfair.In chapter four, the author rethinks the existing measure for lessee to chooselease accounting policy------"Rewards/Risks". Whether in operation, theory or onlogic, this measure is questionable. Misunderstanding the principle of "substance over form" is the essential source that doesn't lead present lease accounting standard reach its objective.Finally in chapter five, the author first analyzes impact of element definition and quality of accounting information on choosing lease accounting policy. Then a new "time measure" is introduced. Compared with "Rewards/Risks", this one is superior operationally and theoretically. And some existing positive researches testify it.Shi Yingyan (Accounting) Supervised by: Shao Ruiqing (Professor)...