Research On Accounting Issues Of The Project Of ZY Credit Assets Securitization In Trust Mode

Credit asset securitization as an important class of derivative financial instruments, energetic, innovative. Since2005, the tool at an alarming rate spread in China’s financial sector, development, and infiltrated into various sub-sectors of the financial industry. Government and industry believes that asset securitization is the Chinese financial sector a blue ocean. With in-depth research of scholars, the urgent needs of the actual business guidelines, the relevantgovernment departments to develop a number of relevant criteria. How can accurately reflect the economic behavior of such business, foresee the economic consequences will be generated, the reliability of the control may generateeconomic risks, the accounting records has become an important prerequisite for these problems. The relevant accounting standards and the importance of the specific application is self-evident.In this regard, be able to handle correctly in asset securitization businessproblems encountered is particularly important. This paper mainly involves fouraspects. First, the fact that asset securitization business in China for the rapiddevelopment, first to clarify the status of the development of securitization of creditassets, from the current situation analysis, combining existing research results athome and abroad as well as relevant laws, rules and regulations, revealing2012afterthe restart with Chinese characteristics mainstream credit asset securitizationtransaction structure. Summarized the existing domestic and international laws andregulations. Proposed securitization of credit assets on the economic significance ofthe various parties involved; Secondly, the analysis of asset securitizationaccounting under the trust model and the traditional accounting heritage andinnovation, while comparing the merits of various accounting treatments, andproposed a special purpose trust and sponsoring agencies Specific measurescombined financial statements; Again, using the above theory to guide practice work.Use ZY SME loan asset securitization, through the analysis of backgroundinformation, transaction structure, current regulations and other information, show avariety of accounting treatments for the same asset securitization accountingtreatment, which analyzes the actual asset securitization projects encounteraccounting issues and propose solutions to the right. The theory into practice, withthe deduction of different economic consequences caused by different accountingtreatment; Finally, the judgment of asset securitization direction. And accountinginformation disclosure angle infer future developments affecting the asset securitization program of asset securitization trust under the existing accountingtreatment patterns may bring, and made recommendations to deal with from a riskcontrol.