The Research On Accounting Issues For Originator Of Enterprise Asset-backed Securitization

Asset-backed securitization in our country started in 2005.The people's bank of China and the China banking regulatory commission jointly promulgated the measures for the pilot securitization of credit assets management,then approved the national development bank and China construction bank first unit of credit asset securitization.In September the same year,the CSRC introduced the first enterprise asset securitization products in our country-China unicorn network rent revenue plan.In 2007,our country carried out the second batch pilots securitization of credit assets.However,the related accounting problems began to emerge.Because asset-backed securitization is a complicated business,and it s economic benefit is obvious and risk is changeable,so the relevant accounting recognition,measurement,SPV merger,Cash flow are really a big problem.After more than ten years of development,asset-backed securitization related accounting issues still have a lot of debates in our country.Therefore,discussing the accounting issues of asset-backed securitization in our country has a very important role for the development of asset-backed securitization at present and innovation in the future in our country.This paper will use the method of theory combining with case,respectively introduce the creditor's rights of enterprise asset-backed securitization and usufruct of enterprise asset-backed securitization cases,analyzing the originator's accounting treatment.This paper is divided into Six main parts:The first part is the introduction,expounding the background of writing this paper,significance,innovation points and the insufficiency,and simultaneously,summarizing the study of past.The second part is the general theory of asset-backed securitization.The third part compares United States,international and our country,respectively expounding asset-backed securitization accounting recognition,measurement,SPV merging processing method in various areas,and combines enterprise asset-backed securitization instance in our country,analyzing the accounting issues of the creditor's rights of asset-backed securitization "jingdong iou 2015-1".The fourth part analyzes the accounting issues of the usufruct of enterprise asset-backed securitization "lianxu 2015-1".The fifth part puts forward some suggestions for accounting problems in enterprise asset securitization in practice.The Sixth part is conclusion.