Research On Accounting Confirmation Of Credit Asset Securitization

Asset securitization is one of the most important financial instruments in the mature capital market because of its unique advantages in the world's financial sector as the fastest growing financial innovation and financial instruments in the past three decades due to its unique advantages in stock assets and stock funds.In recent years,China's credit asset securitization market has developed rapidly.Under the promotion of good policies such as filing system,registration system and pilot scale expansion,the accumulative scale of credit asset securitization products issued by China's inter-bank market has exceeded one trillion by the end of 2016,The annual issue amount of nearly 400 billion yuan.Credit asset securitization business compared with the traditional financing method has more complex and flexible structural design,participation in the main body,more follow-up factors such as greater uncertainty,to the accounting treatment has brought great impact and challenges,the United States Enron event also Exposing the accounting standards in the credit asset securitization problems on the flaws.Therefore,how to effectively monitor the securitization of credit assets,to prevent the risk of securitization,and to protect the interests of stakeholders has become the issue of promoting the steady and healthy development of credit asset securitization.This paper analyzes that the core of the accounting problem of credit asset securitization is accounting confirmation,including the termination of the basic asset and the merger of the special purpose entity.This paper first analyzes the definition and operation mechanism of credit asset securitization,and reviews the development and current situation of credit asset securitization in the United States and China market.Then this article combs and analyzes the most representative international accounting standards in different stages of the development of credit asset securitization and the contents of accounting and securities securitization accounting confirmation in American financial accounting standards.At the same time,it analyzes the relevant accounting standards adopted by credit asset securitization in our country at present and compares the different criteria,and thinks that the accounting requirements of credit asset securitization business should match the stage of business development.Then,this paper chooses the representative case of securitization of credit assets in China under the framework of different accounting standards,and provides a detailed analysis of the accounting confirmation problem for the use of accounting standards in the issue of credit asset securitization accounting confirmation.Finally,this paper puts forward some suggestions and suggestions on the development of credit asset securitization accounting in China.