Asset Securitization Accounting Issues

Asset-backed securitization is a new kind of financing method. With the development of asset-backed securitization in China, it is necessary to frame some accounting standards, which can provide a suit of guidance for it. This thesis analyzes the accounting recognition, measurement, disclosure and consolidation about the asset backed securitization. And also we focus on the reality of China and analyze the cases. The thesis is divided into six chapters:The first chapter is focus on the theories foundation of ABS, and then we put out the definition of exchange of loan and introduce the flow of ABS. The second chapter is the accounting recognition of securitized asset. This part focuses on the recognition of the "true sale", and then we introduce three kinds of different methods to make accounting recognition. And this part is the center of the total thesis. The third chapter is talking about the accounting measurement of securitized asset. The forth chapter is about the disclosure of the accounting information. After discussing about the principle and contents of the disclosure in China, the author emphasizes on the research made by FASB and IASC on the accounting disclosure and consolidation of the statements of the ABS. And the fifth chapter is about the influence to the financial reports when we decide to use different accounting methods. The author introduce the influence though the flow of ABS. And the final chapter analyzes the case of ABS in China now and measures the development of ABS during the involved organization. At last the author put forward the development of laws, policy and accountancy's standard.