Research On The Application Of Material Flow Cost Accounting In Energy Performance Contracting

With the development of economy, the environmental problem in China is getting more and more serious. The key to reducing the environmental pressure and improving the natural environment is to improve the utilization efficiency of resources and energy. Energy performance contracting which is a mode using market means to carry out energy-saving, has been paid more and more attention. Relevant departments of China issued a series of support policies, including financial support policies, tax incentives, financial support policies, etc. Especially the strong support of fiscal policy, mobilize the enthusiasm of enterprises to energy-saving and emission-reduction.The number of energy saving company is increasing. To a certain extent, these policies promote the development of energy saving industry. However, there are still some problems and deficiencies in the implementation of the energy performance contracting related fiscal policy, including calculation of energy savings of the financial support project is difficult, fiscal policy is difficult to effectively promote the quality improving of energy saving companys, low utilization efficiency of financial funds, etc. The key to the problem is the lack of an energy accounting tool, which can clearly record the energy input,transformation and output. Material flow cost accounting can accounting and recording materials transfer process in two aspects of quantity and value, and can provide perspective drawing of the materials’ flow for enterprises.Therefore, the application of material flow cost accounting in energy performance contracting is necessary.On the basis of the review of related researches at home and abroad, firstly,this paper analyzed the financial incentive policies of the energy performance contracting, and put forward the problems in the implementation process of financial incentive policies, then expounded the transformation of energy performance contracting related fiscal policy from the fiscal incentive policy to the fiscal subsidy policy. On the basis of comparative and analysis of incentive policy and subsidy policy, the advantages and disadvantages of the fiscal subsidy policy were put forward. This article analyzed the role of material flow cost accounting in the implementation of the energy performance contracting related financial policys. Secondly, based on the analysis of material flow balance principle which is the basic principle of material flow cost accounting in energy performance contracting, the paper constructed the application system of material flow cost accounting in energy performance contracting and put forward the idea of application. Thirdly, this paper described the application of the system of material flow cost accounting, combining with the "utilization of waste heat of exhaust steam" project implementated by B energy saving company for A thermal power plant. Divided into three stages before the project,in the project and after the project, this article introduced the application of material flow cost accounting system, and analyzed the practical application of the material flow cost accounting results in energy performance contracting project. Finally, the paperput forward some suggestions on the application of material flow cost accounting in the implementation of energy performance contracting fiscal policy:formulate the relevant accounting standards for material flow cost accounting; establish basic data of material flow cost accounting system; promote the application of material flow cost accounting method into energy performance contracting; promote the disclosure of energy data based on material flow cost accounting; make the energy performance contracting national financial subsidy standard in difference; issue financial subsidy policy related supporting measures of energy performance contracting.