Asset Retirement Obligations Of Accounting Research

The new Accounting Standards for Business Enterprises which promulgated in 2006 have embodied the trend that china's accounting standards would joint to International Accounting Standards in the area of environment protection, for example, the new accounting standards introduced the concept of fixed assets retirement costs. And the obligations which were triggered when the assets retired, including retirement costs and liabilities, the new guidelines have also introduced some international practice. In the current implementation of the environmental protection principles, "Who develop, who protect, who enjoy the benefit, who bear compensation", and under the requirement of sustainable development, discussing how to consider the environmental issues in accounting policy, especially for dealing with asset retirement obligations, to form a series of policy which have a solid theory foundation and a strong function in guide the practice, will become an extremely important research topic in current and the future.AT first, this paper analyzed the development and process in this field in domestic and international range, and has made a deep analysis on the basic concepts and the measuring principles of the accounting for asset retirement obligations on the basement of reading lots of correlative material. Secondly, combining with some key industries which may lead to asset retirement obligations, the author made a positive research on some leading public company, and has found the factor that influent these companies to apply this policy, also have refined some mature operation skill and thought. On the basis of the aforementioned, author also discussed the establishment of a accounting standard for asset retirement obligation which not only accord to China's national conditions, but also reflects on the international track. I believe, it will provide a lot of guidance in operating experience and theoretical basis when Chinese government's accounting regulators start to make a formal correlative accounting standard.This paper used the normative research and empirical studies combining research methods. In the process of Specific studies, the author integrated financial accounting, environmental accounting, economics and environmental aspects of the statistical theory of knowledge and methodology, adopted a research thought which is from theory to practice and to theory, to make a comprehensive study on the accounting for asset retirement obligations. Through the research, the paper obtain a series of production about affirming processes,measuring methods,computing skills,accounting treatments and information disclosure.