Research On The Accounting Problems Of PPP Projects

With the development of the economy and society,the demand for infrastructure construction is increasing,and the government's financial funds are insufficient to support the growth of demand,resulting in a high capital shortage.In terms of providing public infrastructure and services,government departments have the defects of low efficiency and poor quality.Innovating the public service supply mechanism to improve the efficiency and quality of public services has become an important economic reform task.The central government actively promoted the government and social capital cooperation model,introduced social capital funds and management experience to improve the quality and efficiency of public services,and the PPP model rose to the national level.PPP projects are booming in China,some projects have already entered the implementation stage,and accounting policies are still not perfect.There are still some problems in practice that need to be resolved.Although China has formulated the "Enterprise Accounting Standards Interpretation No.2" with reference to the International Financial Reporting Standards,the guidelines are only guidelines in principle,and there are still some problems in accounting in actual work.In view of the above situation,this paper stands in the perspective of BOT project company under the PPP mode,sorts out the domestic and international PPP-related corporate accounting standards,and analyzes the problems existing in the current accounting of the project company with specific practical cases,and puts forward its own treatment suggestions through theoretical analysis.First of all,this paper introduces the necessity of developing PPP in infrastructure and public service in China.It points out that the PPP related accounting policy is absent.At present,there are problems in PPP accounting,and more appropriate accounting methods should be discussed.On the basis of the review,the research content of this paper is derived.Secondly,this paper outlines the definition,payment mechanism,basic form and operation flow of PPP,and sorts out the domestic and foreign accounting standards related to PPP,and compares the International Financial Reporting Interpretation No.12 and the Accounting Standards for Business Enterprises No.2.Similarities and differences.Finally,this paper analyzes the problems of the project company's accounting with the specific case,and uses the theoretical knowledge to give advice on the asset recognition mode,asset recognition time,infrastructure presentation,and project company consolidation.