The Research On Accounting Of Land Assets

Land is one important production element of enterprise, and it acts as the material carrier during the activity of production and operation of enterprise. It is the necessary requirement to establish modern enterprise system to define land property rights, recognize land assets, as well as reveal the valuation of land assets. Based on socialist market economy environment, relying on quantitative and qualitative analysis, this study generalizes research results of domestic and foreign scholars and systematically analyzes enterprise land assets accounting.Firstly, this study analyzes the necessity of application of Marxism rent theory in China. Land category exists objectively under land socialism public ownership, which is the theoretic foundation to use land with a reward. After reformation of urban land use system, the country possesses land ownership, while enterprise obtains land use right. Land use right that comprises occupying right, using right, profiting right, as well as disposing right has the basic characteristic of assets and should be recognized as asset. Secondly, this study sets out the constitution of land price, as well as several methods for land valuation. The particularity of land price under land socialism public ownership is also discussed. Thirdly, this study analyzes amortization and disclosing of land assets. Under the environment of using land with a reward and time limit, the question of value compensation must exist during the process to use land assets. The law of land increment must require the disclosing of land assets outside statements. Finally, based on the situation that many kinds of land use right coexist during the process to reform land use system, this study appraises the current accounting norm on land assets, and puts forward improvements.