An Study On China Electric Power Research Institute Accounting Policies

The accounting system used by electric power research companies at present almost follows the accounting policies in institutions or enterprises accounting policies. It can't accurately reflect the research and production status, and also properly measure the progress and the performance of the scientific research projects. As the special characteristics of electric power research companies, it is not exactly to apply the general enterprises accounting policies into the electric power research companies. Based on the concept definition of the accounting policies, this thesis firstly analyzed the existing accounting policies genesis of the CEPRI. Secondly, it analyzed the different modules of revenue recognition, cost collection and performance evaluation of various projects. Thirdly, it designed a system of CEPRI's accounting policies and proposed a design scheme of project performance evaluation based on the new policies. Finally, it assesses and forecast internal and external factors and the effects during the implementation and coordination of the new CEPRI's accounting policies. The results proved that the design scheme on the overall financial operation of the CEPRI would play a positive role, but there are also some shortcomings, and it proposes the research directions for further improvement.