Study Of High-tech Enterprise Managers Stock Options Accounting Issues

In 1991, China stipulated the scope of high technology and the prerequisite the company must be provided with in the standard clause. In a sense, the challenge among the high-tech company is the challenge among the human capital. Executive, who is the owner of human capital, has become the core of the company. His innovation in science and management is the source of company's profit. After acknowledged the human capital, the entrepreneur and the theorists in western began to plan reasonable method to confirm the value of human capital. Then, the ESO emerged as the times required.By implemented the ESO, high-tech company in our country could solve the principal-agent problem and provide the method to measure the value of human capital. These will be the basis of financial accounting treatment. By using the principal-agent theory, this thesis designs an ESO model by which inspire and control the executive. But when the company raised capital by liabilities, there has adverse selection and moral hazard between executive and creditor. In order to protect the creditor's rights, the ESO model should add the punishment to executive for unpaid liabilities.When the high-tech company uses the ESO, we need solve accounting problem. According to the nature of ESO, this thesis improves the accounting equation and item. Based on the contract theory and the standards published by FASB of the USA, it is important for this thesis to solve the recognition, measurement and disclosure problem in financial report.