Research On Disclosure Of Asset Retirement Obligations Of Zhengzhou Coal Industry & Electric Power Co.Ltd.

With the development of the economy,more and more enterprises have obtained economic benefits.While enterprises pay attention to their own profitability,they cannot ignore the protection of the environment.In recent years,the production activities carried out by various energy enterprises have led to bad impact on the environment and society.Enterprises need to fulfill the obligation of environmental restoration for the ecological damage caused by them.So the problem of the disclosure of retirement obligation information arises.Retirement obligation will cause the increasing of the future debt,especially for the energy industry.However,there still have a lot of energy listed companies use loopholes that exist in the relevant accounting standard to whitewash the data of the asset retirement obligation.This conduct misleads investors and other information users to understand the real financial situation.Thus the disclosure of retirement obligation information will affect the decision-making and the corporate social image,which is a part not allowed to be ignored.Taking the disclosure of retirement obligation information about Zhengzhou Coal Industry & Electric Power Co.,Ltd as a case,the purpose is to discuss the actual practice and existing problems of the disclosure of retirement obligation information of listed companies in the energy industry of China,and to give some guidance.Using a combination of theoretical research and case analysis,from the perspective of the industry,summed up the situation of the disclosure of retirement obligation information in the overall industry in our country from year 2011-2018,and the company's retirement obligation information disclosure in year 2011-2018 is analyzed as a representative of the industry,as well as its disclosure content and the change of the way.And then point out that after several changes,the company's problems of information disclosure and analyze the reasons.Taking consideration of the economic consequences of information disclosure,we can find the impact of the user's decision-making.According to the existing problems and causes,we can find the points that may improve the current status of information disclosure.This paper proposes some countermeasures to improve the disclosure of retirement obligation information,so that the company can provide users with real,complete and understandable information.Finally,from the company to the whole energy industry,effective suggestions are put forward to improve the disclosure of retirement obligation information in the whole energy industry,hoping to provide some guidance for the form of the relevant standards of the disclosure of retirement obligation information.