Research On Accounting Of Carbon Emission Rights Trading

The United Nations released its latest climate report in 2018: If we have not taken effective measures to curb the current trend of global warming,the temperature of our planet will reach an irreversible temperature threshold by 2030.Climate problem has been plagued mankind for many years,and has affected the survival of mankind.In recent years,it has become more and more serious.To solve the greenhouse effect problem by reducing carbon emissions has also gained worldwide consensus.Building a carbon emission trading market has made great contributions to the world's carbon emission reduction by turning external problems into internal problems.At the beginning of carbon emission trading,it made great breakthroughs abroad.Facing huge transactions,accounting as a tool of reflection and supervision also opened up a new field of carbon emission trading accounting.FASB and IASB,the major international accounting organizations,have carried out many years of research,but they are subject to the particularity of carbon emission rights and the limitations of existing accounting theories,FASB and IASB.So far,no formal accounting standards for carbon emission rights have been issued.Although the construction of China's carbon emission rights market started later than that of other countries in the world,with the support of the Party Central Committee's development of green economy,the market construction has been accelerated and continuously improved.In just a few years,China's carbon emission rights market trading volume has been ranked the first in the world.On December 28,2017,China's national carbon emission rights trading market construction was officially launched,and it is planned to gradually improve in three years.National key enterprises of carbon emissions are included in the national carbon emission trading market.At the end of 2016,China's supporting methods for carbon emission rights accounting were issued.The Ministry of Finance issued the Interim Provisions on Accounting Processing in the Pilot Carbon Emission Rights Trading(Draft for Comments),hereinafter referred to as China's Draft for Comments in 2016.But there is still controversy in the application.The accounting problem of carbon emission trading has a long history.Because of its cross-attributes of accounting,economics,finance and law,scholars in different fields at home and abroad have been discussing carbon emission trading intensely.Based on the attributes of carbon emission rights and the basic principles of accounting,this paper establishes a standard for three accounting steps: recognition,measurement and reporting of carbon emission rights,and compares it with the important accounting methods of carbon emission rights trading at home and abroad,finds out the problems and analyses them.After that,in the case analysis of YA medicine,the problems found by comparing the case with the standard are further put forward in this paper.Finally,this paper proposes an accounting treatment method of carbon emission rights based on the dual measurement mode of holding intention,which provides the users of enterprise financial information with the accounting treatment method that meets their needs as much as possible and conforms to the basic attributes of carbon emission rights.Firstly,following the integrity of accounting information and the guiding ideology of advocating more financial participation in the green,we should enhance the comprehensibility and integrity of accounting information in the accounting system of carbon emissions trading to identify clearly the assets and liabilities,and internalize all carbon emissions assets and balance sheets.At the same time,it can be divided into two measurement modes with different intentions to ensure that carbon emission rights can be produced and listed.Finally,through the practical application of YA Pharmaceutical case,the accounting information quality of accounting process and report,notes and original methods are compared and analyzed,which further strengthens the improvement and rationality of this method,and provides useful and reliable accounting data support for information users to analyze the financial information of enterprise carbon emission rights,so as to truly let the carbon emission rights trading inside.As part of the enterprise,to achieve the purpose of curbing excessive carbon emissions.