The Study On Accounting Issue Of The BOT Model

The construction of public infrastructure is one of the key elements on the promotion of economy and society and plays significant role.For the aim of reducing government debts as well as enhancing the quality of these infrastructures,the partnership between government and private department model including the Build-Operate-Transfer model has been widely implemented in many fields,for example,in hydropower plant,sewage treatment,highway industry,civic building,etc..Since the particularity of these kinds of model,it is necessary to explore its accounting procedure.Up until now,the only guidance of accounting procedure of BOT model is Interpretation of Accounting Standard No.2,which is not practical enough.The aim of this thesis is to recognize key problems on accounting procedures and to make some practicable proposals base on accounting principles.Base on the research of accounting principles of IFRIC and Chinese accounting standard,this thesis analyzed financial data of eleven listed company in highway industry from their annual reports and figured out some problems.Furthermore,by analyzing the development of accounting method of Sichuan Expressway Company Limited on its BOT issue since 2006,the thesis discussed effects under two different models and has summarize some accounting methods which can provide good examples.And the last part of the thesis offered some advice which are expected to be practical.The innovation of the thesis is that,in addition to discuss the impact of different models,it also offers more solutions in details in every period of the BOT program including reporting,subsequent expenditure,which are expected to be constructive.