The Research On Accounting Regulation On Power Sector

Electricity regulatory accounting is to study how to standardize, guide the electric power enterprise accounting behavior, Electricity regulators impose supervision and control based on electricity regulatory accounting,so as to obtain accounting information of high qualities. Electricity regulatory accounting is a complex research project. It is universally acknowledged that regulatory system is very normative in the United States,and it has continued in study and improve electricity regulatory accounting content. From the perspective of our current study,the research on Electricity regulatory accounting is still in its infancy. China power enterprises are mostly state-owned enterprise,and since agency problem is common to all state-owned enterprise,the study of electricity regulatory accounting is more urgent.This paper mainly uses normative research to study the electricity regulatory accounting, study the contents about electricity regulatory accounting based on natural monopoly theories,regime theory and accounting regulation theory, analyze the experience about accounting regulation on monopoly industry domestic and overseas, discuss the tactics to enhance the level of electricity regulatory accounting.The research contents are as follow:First, The author reviews development progress of natural monopoly theories,regime theory and accounting regulation theory, all of them also have practical guidance significance to electricity regulatory accounting.Second,this paper studies the contents about electricity regulatory,it is followd:(1) Electricity regulatory accounting is established in the power industry and the accounting regulation to illustrate the problem. Proposed this idea is mainly based on the logic of the following two levels: the "blood"relationship of the power industry and the information disclosure system; the information disclosure system is naturally connected with the accounting information.(2) Electricity regulatory accounting objectives, principles, subject, object and content.(3)The differences among electricity regulatory accounting ,electricity regulation and government regulation of accounting.Third ,this paper introduces electricity regulatory accounting experience of foreign countries. By collecting recent literatures at abroad and looking for the practices foreign electricity regulatory accounting practices,to find some common practice in the electricity regulatory accounting experience. This part focuses on the experience of the United States,the United Kingdom and Japanese. Fourth ,the current situation and problems of Chinese electricity regulatory accounting is reviewed. Chinese heretofore have reformed a respect to obtain very great progress in electric power, but there are still some problems in electricity regulatory accounting. The regulatory bodies of electricity regulatory accounting is not totally unequivocal as yet, the operational relevant code of electricity regulatory accounting is not strong These two aspects are the current more prominent phenomenon.Fifth, based on analyzing the problems of accounting regulation on power sector and discussing the experience about accounting regulation on monopoly industry domestic and overseas, this thesis discusses the issues related to the setting of the power accounting system of regulation in China. These suggestions include that the government should strengthen the research on electricity regulatory accounting and endow the State Power Regulatory.