Research On Accounting Recognition And Measurement Of The Emission Right

Emission trading institution is the combination of marketing mechanism andenvironmental protection; it can run the pollutant emission of various enterprisesunder the environment capacity, and promoting economic development. Emissiontrading institution is the most effective means for the economic and environmentalcoordinate development which also is the work focus of the energy saving andpollution reduction. In the beginning of90’s, emission trading institution has beingimplemented in some rural areas and obvious effect. In recent year, the lots of localcity governments develop the research of emission trading institution, and manytrading platforms had been established. Because of the lots of local city governmentspay attention to emission trading institution, it has a rapid development. Butaccounting recognition and accounting measurement of emission right will becomeone of the most important questions to perplex the company which buy the pollutantemission permit. According to the defect and deficiency of the research literature ofemission right accounting and the problem of accounting recognition and accountingmeasurement, this paper carry on innovative research here, especially the emissionright value measurement model in this paper not only can calculate the value ofemission right, but also can help company to do a right investment decision-making.First, the comparison study of various accounting standards of China to theinternational, and then it explained the emission right whether it should be confirmedas assets. Summarize the different kind of assets about emission right accounting,comparative researches on characteristics between the emission right and assets, wecan find out the right assets which is suitable to the emission right characteristics.Second, the comparison study of the intangible asset valuation methods to thereal option, and then we can find out the defect and deficiency of the various methods,we can find out the scientific asset valuation method. The paper finds a scientificasset valuation method which research of the emission right valuation of real estatebased on the binomial tree options model, the new methods is mixed risk tree graph compound option pricing model.The method combines the advantages of thebinomial tree options model, it general considering various risks and used the optimaldynamic thinking to solve the question about the valuation of American option. Theasset valuation method used Monte Carlo Simulation Method and Crystal Ball; theymake the results more accurate.Finally, based on the above research, the new asset valuation method applied to apractical case practical case, and then comes to the conclusion and research prospect.