The Study On Gold Lease Accounting Of Jingshuitang Mining Industry

With the propose of "made in China 2025" strategy,the survival of traditional Chinese enterprises is becoming increasingly difficult,and transformation and upgrading become the only way for such enterprises to survive.However,it requires the enterprises to have abundant capital to transform and update,so more and more financial enterprises start to use gold lease to raise fund and gain goods.Thus this paper focuses the case analysis of the gold leasing business of Jin Shuitang Mining,to find the economic essence of gold lease transactions and solve the problem of the current lease accounting disorder,having important theoretical and practical significance.This paper analyzes the concept of gold lease transaction.And it uses the advantages of gold lease financing and cargo financing,the basic accounting concepts involved in the accounting of gold lease and the applicable accounting standards,along with the Accounting Standards for Enterprises---Basic Standards and the existing accounting standards for enterprises applicable for gold lease in our country as a guide,to analyze the problems laid in the accounting recognition,measurement and disclosure of gold lease transaction in Jin Shuitang Mining,thinking that the gold lease accountant of Jin Shuitang Mining disclose the assets in the table through off-balance-sheet,and the Inventory item list in the balance sheet is negative,failing to disclose the financial risks and risk management measures,probably causing decision-making errors for financial information users due to their wrong judgment on Jin Shuitang Mining.This paper holds the opinion that it's inappropriate of Jin Shuitang Mining's accounting model of regarding Gold Lease as operating lease.According to the economic motives of the gold lease transaction,this paper divides the gold lease transaction into the raw material mode,the arbitrage mode and the hedging mode,coming up with comparison table of the three models matching with the economic motivations.Based on China's current accounting standards,it comes up with the accounting recognition,measurement and disclosure of various models.According to the comparison table,this paper identifies the gold leasing business of Jin Shuitang Mining as hedging mode,and corrects its accounting recognition,measurement and disclosure.Through the analysis,the improved accounting treatment scheme solves the current problems existing in the financial statements of the enterprise,coming to the conclusion that based on the dynamics,model comparison table and accounting scheme provided,reliable accounting information related with decision making can be provided when of processing all kinds of gold lease transactions.