Research On Accounting Of Chinese Emission Permits Trading

With the rapid development of economy, science and technology, people's living standards improve significantly. But with the high level of material life, a series of serious environmental crisis has also increased. As the main body of emissions, Enterprises bear an inescapable responsibility. In order to encourage enterprises to change from passive emissions to active pollution reduction, connect social responsibility and economic interests and link to both environmental and economic benefits, the scholars proposed emission permits trading system. Emission permits trading system is a flexible and efficient environmental economic policy, which applies the market mechanisms in environmental management, in order to achieve efficient allocation of environmental resources. Under the premise of total control low-cost pollution control can be achieved through emission permits trading. It also promotes environmental protection and sustainable economic development.Because emission permits trading system plays a more and more important role in energy saving and pollution reducing, in recent years, Chinese emission permits trading practices develop very fast, more than half of the provinces and cities begin to try out emission permits trading, the pilot areas establish trading platforms one after another, more and more enterprises begin to participate in the transaction, making the emission permits trading generate significant financial impact on businesses, enterprises are faced with how to handle the accounting of emission permits trading. In view of this, the thesis try to study the accounting of emission permits trading, help enterprises solve the accounting issues and provide decision-useful accounting information about emission permits trading for information users. At the same time, I hope that the thesis can provide some practical suggestions to the relevant accounting standard. In addition, as China's establishment of environmental economic policy system, the emission permits trading system will serve as an important environmental economic policies gradually introduced throughout the country, so studying the accounting of emission permits trading and standardizing the accounting treatment will promote the smooth implementation of emission permits trading system.The thesis mainly discusses the issues related to accounting for emission permits trading by normative research method. Based on home and abroad research results, combined with the development and characteristics of Chinese emission permits trading, I study the accounting of emission permits trading. It subdivided into six parts:In the first part, I introduce the research background and significance of the topic, and review the domestic and international related literature. In the second part, I describe the basic theory of emission permits trading accounting, including the basic theory of both emission permits trading and emission permits trading accounting treatment to explore the basis of the following study. In the third part, I analyze the status and characteristics of Chinese emission permits trading, but also to pave the way for the following discussion, and then I pay more attention to depth analysis of the financial impact, pointing out the need for enterprise accounting treatment and specific accounting issues. In the fourth part, based on home and abroad research results, combined with the status and characteristics of Chinese emission permits trading, I discuss the recognition and measurement of emission permits, and conduct a detailed analysis on the accounting recording and information disclosure of emission permits trading. In the fifth part, I analyze the necessity of enacting Chinese emission permits trading accounting standards and propose some suggestions about the accounting standards. In the sixth part, I point out the conclusions, contribution and limitations of the thesis.The thesis attempts to explore actively in the following two aspects:On the one hand, for the changes in value of emission permits. Taking full account of the status and trends of emission permits trading, I believe, it can be implemented in phases. This stage the region has not yet formed at active trading market, so it can only use cost model. With the development of trading practices, some areas form the active trading market first, then they can use the revaluation model and introduce fair value measurement; but some areas has not yet formed an active trading market, so it still uses the cost model. Therefore, at this stage emission permits can be measured in two models, the enterprise should choose to use cost model or revaluation model according to whether the formation of the active trading market. On the other hand, I believe that to truly solve the accounting issues faced by enterprises and provide high quality accounting information for information users, we have to develop specific emission permits trading accounting norms. Therefore, based on the in-depth analysis of the necessity of enacting Chinese emission permits trading accounting standards, I propose some suggestions about the accounting standards. All in all, I hope that the study of accounting for emission permits trading in the thesis can provide practical advice for the development of accounting standards.