Research On The Accounting Problems Of Asset Retirement Obligations For Listed Company

Facing the increasingly serious environmental problems, listed companies which have asset retirement obligations attracted more and more attention in our country. Asset retirement obligation’s recognition, measurement and disclosure should be social responsibility of listed company. According to the laws, regulations or contracts,the company has the responsibilities of cleaning and environmental restoration when the long-term tangible assets are in retirement stage in the future. The research in China is late in the field of asset retirement obligations accounting. And we use the rule of contingencies as the core for the processing of asset retirement obligations as the core, then there are still many places needed to be improved. Therefore the author thinks that it is necessary to study relevant accounting problems of asset retirement obligations in-depth.This thesis is divided into five parts. The first part explains research background and research significance. The author reviews the related literature and discusses the shortcomings and the innovation of this article. The second part expounded the theoretical background,the recognition, measurement and disclosure of asset retirement obligations concept, and compares and analyzes the differences between different national standards, describes the asset retirement obligations in recognition, measurement and disclosure of information problems. The third part illustrates the asset retirement obligations of listed companies in our country through analyzing the data.The forth part analyzes the causes of the problems existing in the asset retirement obligations. The fifth part puts forward suggestions of perfecting our country’s accounting treatment of asset retirement obligations according to the analysis of the causes.This paper adopts the method of normative research and data analysis, through analyzing asset retirement theories and comparing domestic and foreign different standards of asset retirement obligations, there are some problems of Assets Retirement Accounting recognition, measurement and disclosure in our country. Referring to the problems of listed company asset retirement obligations, the author expounds the reasons for these problems from the aspects of criterion, the listed company level and external supervision level,and then puts forward corresponding suggestions. The author hopes that this is able to provide some help and improve the accounting treatment of China’s asset retirement obligations.The innovation of this article is that the research of this paper starts from the basic theory of asset retirement obligations, in combination with data processing about asset retirement obligations of listed companies, the study of asset retirement obligations is deep and systematical. Compared to the single asset retirement obligations research, we can find more problems of asset retirement obligations of listed companies in China. Based on the analysis of the problems existing in the treatment of asset retirement obligations in China, the author does not select the processing situation of listed companies abroad, which is needed continuing to pay attention in the future.