Research On Problems Of Share-based Payment Accounting Standard

Share-based payment, as a kind of incentive mechanism, has developed quite prevalently for half a century. In 2005, as the "Company Law" and "Securities Law" amended, China Securities Regulatory Commission issued "Share Motivating Measures for Listed Companies (To be tested)" to regulate share incentive activities. It is imperative that accounting standard on share-based payment transactions be set up for the market. In order to satisfy the needs for accounting of share-based payment transactions of companies, Ministry of Finance issued Accounting Standard on Share-based Payment in February 2006 with reference to IFRS, which was based on adequate researches. Throughout the full text of the share-based payment standards, it can be found that the standards only give general guidance on the accounting treatment of share-based payment transactions, while several specific details are not perfect, and some important transactions are not involved. In this situation, in order to effectively guide the practice of share-based payment transactions, this paper tries to improve the standards with the policy recommendations by overcoming the current limitations of the standard, trying to compare the standard at home and abroad, discussing the standard's problem combined with the national conditions and analyzing the un-perfection of the standards.This paper is divided into six chapters. The first chapter is devoted to the backgrounds of share-based payment standard research, the research status at home and abroad, the research content of this paper, the method of research, the route of technology and the paper contributes. The second chapter gives the corresponding recommendations through combining the conditions in China with the foreign standards and analyzing the scope of share-based payment to be perfected. The third chapter compares the measurement bases of share-based payment transactions, and then gives recommendations for the better application of fair value measurement basis on the basis of analyzing the theory and application environment of fair value. The fourth chapter compares the settled types of share-based payment in detail, analyzes three settled types in-depth combining with the standards, especially for some of the controversial content, and then provides recommendations. Based on the analysis above, the fifth chapter carries out the case studies of listed company's share-based payment transaction. On the basis of the research above, the sixth chapter optimizes the development of Share-based Payment standard and the international convergence strategies, while considering the development of whole accounting standards and convergence strategies.