A Study Of The Particularity Of Electricity Regulatory Accounting

The natural monopoly characteristics of electric power enterprise and its finishedproducts with quasi-public goods characteristics, so electricity regulatory authoritiesneed to regulate the electric power enterprise’s accounting information.Especiallyusing the cost plus method to price the electricity goods, the real and effectiveinformation become the important factors to setting electricity prices. In order toobtain useful information on regulatory of the accounting, the electricity regulatoryaccounting has become an inevitable trend. Currently, the United Kingdom, theUnited States and other countries have established a relatively complete theory ofregulation of the accounting framework. China’s regulation of the accounting theoryand practical application is still in its infancy. Enterprise accounting standards for theimplementation of national unity power enterprises, only reflect the general financialinformation and business management decision-making, not only does not accuratelyreflect the approved tariff should take into account the cost of power generation andtransmission and distribution costs, and also lacks an assessment of the cost ofelectricity reasonable standard. Therefore, to build China’s electric power regulationof the accounting system has become an urgent task. To this end, we learn fromwestern countries regulation of the accounting theoretical system based on mainly inthe following areas to explore: first comparative analysis of the special elements ofthe framework of the electricity regulatory accounting theory, and elements of thetheory is applied effectively assets, income permitted, permitted the recognition andmeasurement and cost accounting of costs and accounting elements, then the contentsfrom disclosure, the disclosure of the mode as well as the report of the audit three ofelectricity regulatory accounting information disclosure issues. On the basis ofanalysis of the advantages and disadvantages of these two modes disclosed in thesupplementary report mode and independent reporting model, the China electricityregulatory accounting reports should be taken to the disclosure model of theindependent report, and to design the power regulation of the accounting balancesheet, income statement and other regulatory report format.