Research On Stock Option System Accounting

As one of the most effective incentive mechanism, stock option system was introduced into our country since 1990s. But normative stock option system wasn't implemented in most corporations in our country at that time because of some restrictions in economic laws. The establishment of stock option laws was accelerated in recent years."Solution of Listed Companies'Stock Equity incentive mechanism (try out)"and the new"Corporation Accounting Standard"have promoted the development of stock option system to some degree. At present, corporations that have implemented stock option system are keeping increasing and the formation of incentive mechanism become more and more, so it's necessary to improve on the stock option mechanism. But stock payment standard was implemented for only short time in our country, and there are not enough data to judge the effect of the standard, so the stock option accounting needs further research.The former part of this thesis use standard method based on stock option fundamental theories, and makes a discussion with the stock payment standard, according to accounting process: recognition, measurement and disclosure of stock option. Then conclusions are acquired: stock option compensation should be recognized, in this way it can reflect essence of stock option; determination time of fair value of share payment and cash payment transaction should be accorded with each other in the stock payment standard; international accounting standard ought to be used for reference in order to ameliorate the accounting process of stock payment which has balance option, and so on.The latter part of this thesis use case analysis method. Taking stock option incentive scheme of Fuxing Technology for example, analyzed the application of stock payment standard, which include accounting process, measurement of the fair value and exercise price in corporation's stock option incentive scheme, effect on corporation finance when the incentive scheme are implemented, etc. Then conclusions are acquired: measurement of stock option ought to be further expatiated in stock payment standard, including choice of model and establishment of corresponding parameters; effect of market cycle ought to be considered when work out exercise price, corporation stock price should be mending in parallel market, and an appropriate price will be confirmed, then effect of stock incentive is achieved.