Study On The Accounting Recognition Of The Toll Roads Assets In China

According to the mode of management and the operator of the subject, the toll roads canbe classified as government loan highway managed by the institution, government loanhighway managed by the highway enterprises and commercial highway managed by thehighway enterprises. Different operator of the subject uses different accounting systems.From the1990s, although the state has issued a series of norms to guide the operation andmanagement of toll roads, but there is still no system specification specifically for accountingrecognition of the toll roads assets, and the norms in different period also vary, which resultin a lack of uniform standards in accounting recognition of the toll roads assets in China. Inpractice, different units use different accounting recognition, which seriously affects thedecisions of users of financial statements.This paper focuses on the accounting recognition of toll roads assets, and puts forwardmy own view. Firstly, this paper is based on the theories of asset defining, property rightstheory and principal-agent relationship, putting forward the conclusion that the accountingrecognition body is highway institutional units or highway enterprises, and the accountingrecognition object is the highway management authority based on the real asset of highwayrather than the real asset itself. And then, through the analysis and summary of currentsituations of some companies, this paper puts forward the current problems in practice andthe aspects we can make use of.Finally, based on the discussion, this paper discusses the opinion of accountingrecognition of toll roads assets further in the perspective of accounting theory. And putsforward the conclusions that the government loan road tolling equity obtained by highwayinstitutional units does not have the conditions to be recognized as assets, and the governmentloan road tolling equity obtained by highway enterprise can be recognized as fixed assets, andthe operating highway can be recognized as intangible assets uniformly. As for the real assetsbased on highway tolling equity, we need charge from that if the government authorities willrecover the asset in the expiration of the period.