Research Into Accounting Issues Of BOT Project Company

At present,the BOT pattern can effectively use the private capital to solve the huge financial burden of the government departments to operate the public infrastructure.At the meantime,the government can solve the external problems arising from private operation.So BOT has draw the attention of all parties,and is at high-speed development stage.Although the BOT project has been developed for hundreds of years,but its accounting is still controversial.One of the most important criticals is that the BOT project should be what kind of asset model for processing.Second,although in 2008,the government issued "Accounting Standards for Business Interpretation No.2" document on the BOT project accounting to make a certain standard,but there are still a lot of controversies,and some of the provisions of the user will cause misunderstandings caused by the fuzzy accounting treatment irregular.In view of the above situations,this paper mainly analyzes the accounting of the project company engaged in the construction and operation of the BOT project,and studies the problems in the current accounting standard and practice operation.The details of this paper are as follows:First of all,this paper introduces the background of the BOT project,analyzes the importance of the current BOT project and the accounting of the BOT project,and puts forward the necessity of this research.In this way,we can also have a whole impression on the BOT project.Secondly,this paper analyzes the attributes of the franchise assets of the BOT project,compares the results of the accounting under the three asset attributes,combines the BOT project construction and operation essence and uses the property right theory,the stakeholder theory and the accounting theory,finally find that the use of a single asset attributes will be conducive to practical operation,and the intangible asset attributes is more better than the asset attributes and financial asset.Finally,this paper discusses the more prominent problems in the BOT project accounting of the project company in the intangible asset model according to the accounting confirmation,measurement,record and disclosure angle,and puts forward the relevant suggestions.The conclusion is that if the company building construction itself,it should confirm the building income otherwise shouldn't;expanding the scope of the intangible assets;confirming the intangible assets in the completion acceptance;during the building opera,the interests on borrowing meeting capitalization requirements for processing should be confirmed.This paper argues that if there is a special accounting provision for the BOT project accounting rules will have a very good effect.