Research On Accounting Recognition And Disclosure Of ABS From The Perspective Of Sponsors

Asset securitization is one of the most rapidly developing financing tools in the financial market.It is recognized as "sunrise industry" and "promoter of new economy".Asset securitization started late in China.The theory and practice is mainly to learned from foreign advanced development countries.However,as the capital markets become more diversified,the types and transaction structures of asset securitization become more complex,and the corresponding difficulty in accounting treatment is also increasing.The existing theoretical basis and practical experience are no longer suitable for the development of asset securitization in China,so it is urgent to establish and perfect a set of accounting guidelines for the development of asset securitization in China.At present,the accounting problems of asset securitization in China are the accounting recognition problem and the accounting information disclosure problem,which are the most studied and the most urgent to be solved.The accounting recognition in this paper refers to the termination of the recognition of securitization assets,which is the key to judge whether the asset securitization project can be "out of the statement".The disclosure of accounting information is mainly on the regulation of disclosure principles and contents.This is an important premise for sponsors to analyze the level of asset securitization financing and protect the interests of investors.Therefore,the study of this subject is of great significance to improve the theory and practice of asset securitization in China.There are four chapters in this paper: introduction,literature review and related theories,case analysis of LB 5th asset support program and reflection and summary.In the process of analysis,the author mainly adopts the literature analysis method and the case analysis method,taking the time background and the research significance of asset securitization as the breakthrough point,firstly introduces the definition,classification,transaction structure of asset securitization,etc.Then,from the perspective of sponsors,this paper combs and integrates the merger of SPV,the termination and recognition of securitization assets and the issue of information disclosure,and then takes the "LB-5 Special Asset support Program" as an example,which corresponds to the theoretical part.This paper makes a detailed analysis of the three aspects of the LB five issues,summarizes the advantages and disadvantages of the current theoretical and practical cases,and puts forward some suggestions for improving the accounting recognition and information disclosure of asset securitization in China.The core viewpoints of this paper are as follows: first,perfect policies and regulations,let ABS have laws to abide by;second,revise enterprise accounting standards,let ABS have rules to follow;third,initiators actively practice and standardize their own behavior.