Research On The Factors Affecting Mining Enterprise Asset Retirement Obligations Representing In China

With the development of economy in recent years, industrial enterprises, such aspetroleum and petrochemical industry in the asset disposal expenses caused serious pollutionto the environment, environmental issues are widely followed, so discard expenses a havebeen put forward. However, in the public know about the concept and significance of disposalcost gradually, how to accurately reporting assets disposal costs has become an important partof the professional problem, whether to have relevant regulation, law is perfect, regulationand how to perform, a variety of realistic problem let you confused. In the new accountingstandards in our country at present, the enterprise’s assets disposal fees and no clear rules,perfect compared with other provisions on the international countries accounting for assetdisposal cost, to discard expenses accounting aspects in our country is still in its infancy, alsoneed to gradually perfect. This article aims to extractive industries asset retirement obligationspresented accounting research and analyze the factors affecting the problem. This study cannot only ensure enterprise asset retirement obligations normal performance, reduce thepollution of the environment, more conducive to the accumulation of enterprise internalfinancial resources, safeguard the interests of the investors and to achieve the optimalallocation of capital.This paper firstly systematically introduce the meaning of asset disposal at home andabroad enterprise asset retirement obligations related accounting rules and the recognition andmeasurement of assets disposal research achievements, this paper analyses the meaning ofenterprise asset retirement obligations presented, and on this basis, make a summary andreview. Then, on the basis of these theories combined with the mining industry in2007-2013samples of listed company, discusses how to quantify enterprise asset retirement obligationspresented problems, reveal the factors influencing the presentation of asset retirementobligations, and analyzes its reason. The article employs the logit regression model toananysis the influence factors of asset retirement obligations for the mining industry. Theresults found that six variables significant impact to the business presentation of assetretirement obligations, had higher levels of overall presentation. However, the accounting standards for enterprises to enterprise presentation asset retirement obligations binding forceis not strong, not formed a set of specific expressly provided otherwise, practicality is notenough, poor. Affecting mining industry are summarized in the end, the problems of assetretirement obligations presented influence factors of theory combining with practice, and putforward practical suggestions to solve the existing problems.In this paper, under the background of the IASB and FASB convergence of accountingstandards, the enterprise asset retirement obligations accounting further in-depth study andrefining. Presentation of the problems in the process of how to further solve, need furtherresearch and analysis in the future.