Uncertainty Accounting Theory Of Property Rights Transfer

Property rights are the premise and the result of market transactions. Their clarification plays an important role in promoting of socio-economic growth. Transfer of property rights include the full of property rights transaction and a part of property rights transfer. The part of transactions of property rights include the sale of the use rights and income rights, such as the transfer of mining rights circulation, land use rights and leasing business. Our law clearly stipulates that land’s ownership and mineral resources belongs to the state, and citizen have just had the use rights and income rights. In this particular system of public ownership.Based on the Value theory, Property rights theory, Contract theory, Uncertainty theory as well as the conceptual framework of financial accounting theory, this paper discusses the way how to measure the transfer of part property rights by using the methods of normative research combined with empirical research.Based on the level of uncertainty degree, the transfer of part of the property rights is divided into the transfer of high degree of uncertainty of property rights, the moderate uncertainty property rights transfer and low degree of uncertainty of property rights transfer. The major purpose is providing a theoretical basis and practical guidance for the transfer of the part of the property rights based on the fair value, accounting measurement research and disclosure of information system. This essay addresses the following questions:First, for the degree of uncertainty of property rights transfer, it is divided into the transfer of high, moderate and low degree uncertainty of property rights transfer. Then this research builds the theoretical framework of accounting for measuring the transfer of property rights.The accounting measurement of property rights transfer is based on the high degree of uncertainty:with the mining rights as an example. Mining rights transfer has a great deal of uncertainty before exploration and exploitation. Mining rights transfer includes exchange, transfer, lease, co-operative mineral resources. Accounting, as a tool, provides information, inevitably reflects these issues.Mining rights transfer with great uncertainty, in order to reflect the risks of mining rights transfer process, it proposed measurement of the value of mining rights transfer with the fair value.This section debates about measurement of the mining rights during the transfer process from two angles of the transferee and transferor.The accounting measurement of property rights transfer is based on the moderate degree of uncertainty:with the land use rights as an example. Land right is a partly circulate under special property rights regime in China. Current accounting standards do not publish separate accounting norms for land transfer, lead to lack of comparative accounting information. Today, Real estate market is booming, the transfer of land use rights happen more often. This chapter emphasizes how to measure the value of land when transfer by using fair value method with a view related to the formulation of relevant policies to provide the theoretical basis of land circulation.The accounting measurement of property rights transfer is based on the low degree of uncertainty:with the lease business rights as an example. This section mainly elaborates the connotation of property rights and analyzes the developments of the lease accounting in the world. This paper takes four listed airlines as examples to elaborate the status quo of the lessee and lessor accounting, and assuming that operating lease commitments capitalized as lease assets and liabilities in the balance sheet, it will impact the financial ratios such as current ratio and asset-liability ratio.Information disclosure of the uncertainty of property rights transfer. This section mainly describes the information disclosure issue of transfer of mining rights, land use rights and the leased asset. The biggest problems under the Uncertainty of property rights transfer is the risk. This section will take empirical research method to analyze similarities and differences of risk disclosure of property rights transfer is based on the high degree of uncertainty, property rights transfer is based on the moderate degree of uncertainty and property rights transfer is based on the low degree of uncertainty. The transfer of property rights to moderate uncertainty and low uncertainty of property rights transfer the similarities and differences in risk disclosure that the degree of uncertainty in height should be disclosed under more information.The innovations of this paper are:(1) In our special system of public ownership, research of accounting theory based on transfer of use rights is Chinese characteristics. This paper is the first research on it.(2) The current accounting norms use to measure mineral resources, land use rights and the leased asset on the basis of historical cost, and did not consider the value of the resources. This paper applied fair value to measure and report the value of property rights transfer.(3)The contract theory and uncertainty theory applied to the accounting theory to measure property rights transfer, which break through the limitations of researching accounting using only accounting theory. Accounting theory linked to property rights theory, contract theory and uncertainty theory closely to make up for the defects of the property rights theory research. The important innovation of this paper is measurement and reporting according to the degree of uncertainty.