Study On The Application Of Accounting Standards To PPP Business Of D Garden Company

Since 2013,PPP mode has been introduced in China gradually.The government and enterprises cooperated in the fields of infrastructure and public services,which eased the pressure on government and released social investment greatly.The characteristics of PPP mode lead to the complexity of its accounting.However,the accounting standards for PPP are still scarce,and there are many unclear areasThis paper expounds the significance of accounting related to PPP mode,and summarizes the current research at home and abroad.On the basis of theory,this paper selects D Garden as the main research object,introduces the development of D Garden,and its business segments,especially the development of PPP business,etc.According to Chinese current accounting standards,analyzing whether the company’s application of accounting is reasonable and compliantIt is found that there are some deviations in the accounting of D Garden when applying the current accounting standards.The large amount of uncollected items produced by PPP project makes the company face the risk of accounting.Many SPY companies that have been controlled by D Garden are not included in the financial statement,which affects the authenticity of financial information.Therefore,this paper suggests that enterprises should classify assets from PPP projects clearly,establish strict confirmation criteria,and standardize the progress of performance,completion and settlement to reduce the accounting estimation space,increase SPV information disclosure.In this way,D Garden will improve the accounting information quality of PPP business,and promote the sound development of PPP mode.The analysis and discussion of this paper will be beneficial to promote the development of Chinese PPP policy,and have certain reference significance for the construction of Chinese accounting system related to the PPP mode and the construction of accounting information disclosure system.