Research On Accounting Recognition, Measurement And Disclosure For Assets And Liabilities Of Emissions

Environmental issues continue to deteriorate, endangering the sustainable development of all countries and our existence, thus reducing the emission of pollutants has become the focus of attention. With the implementation of the EU emissions trading system, every country is trying for the establishment of emissions trading system, so do China. Enterprises as the main body of the emissions trading system, need a complete, standardized accounting method, so that emissions trading system can play a better role. However, in our country, there are no related accounting standards or regulations, and converging the assets and liabilities of emission trading system onto accounting systems remains controversial. In result, there are variety ways to identify and metrology in practical, which impede the development of emission trading systems.Based on the analysis about accounting issues of emission trading systems at home and abroad, and combined the correlation theory, we analyzed the assets and liabilities of emission trading systems. Summarize the current accounting methods, we put forward a set of method for accounting the assets and liabilities of emission trading system. In the latter, we also make further specific by cases.In the all, the assets of emission should be processed according to the different sources. The assets of government or system manager granted are intangible assets, and the purchased assets are financial assets. Recognition and subsequent treatment are at fair value. When companies receive the granted assets, recognize the liabilities of granted emission right. When company emission beyond the granted emission rights, recognize the liabilities of emission. The information of emission trading system, not only be presented in the financial statements, but also be explained in the note of statements. In this way, the users of financial statements could get decision-useful information.