Research On Accounting Information Disclosure Of PPP Projects Of Listed Companies

Since 2014,China has promulgated a number of policies and regulations to promote the development of the PPP model,which has gradually developed the PPP model in a standardized and orderly manner.The introduction of the social capital side in the field of public infrastructure not only eases the pressure on local funds and improves the efficiency of project construction,but also opens up new development space for the social capital side.However,due to the large investment scale of the PPP project,the large number of project participants,the long construction period,and the complicated income method,the accounting of the company is more complicated,and it is different from the traditional business.Because there is currently no unified accounting treatment standard for PPP projects,in practice,accounting treatment often differs from the current standards,or accounting treatment in accordance with the current standards cannot effectively reflect the operating status of corporate PPP projects,which ultimately leads to accounting information disclosure.In order to study the disclosure of accounting information for corporate PPP projects,this paper summarizes the research on accounting and standards related to PPP models at home and abroad,and uses Oriental Garden and Tiehan Ecology as the analysis objects to analyze the PPP project's operating model,payment methods,and Explain the current status of accounting.On this basis,this article adopts case analysis,comparative analysis,literature research and other research methods,in accordance with China's current accounting standards,in-depth analysis of listed companies' disclosure of accounting information on PPP projects,and the reasons behind the problems.The study found that the accounting information disclosed by the two listed companies of Oriental Garden and Tiehan Ecology are quite different and have certain problems.If the two companies have completely different consolidation standards for the project company,Oriental Garden adopts a non-consolidation treatment for the project company,and Tiehan Ecology adopts a consolidation treatment for the project company;there is an intertemporal adjustment when confirming the construction revenue of the PPP project as a percentage of completion,making The profit does not match the actual income;whether the two companies' consolidation of the project company caused the cash flow calculation of the operating activities to be inconsistent with the actual situation;whether the combination of Oriental Garden and Tiehan Ecology with the project company under the current accounting standards will affect the accounts receivable reliability.To this end,this paper proposes to accelerate the formulation of accounting standards for the social capital side of the PPP model,clarify the company's merger processing standards for project companies and the classification of PPP project assets,regulate the progress of PPP project performance and settlement,and improve the project company and contracted projects Contract information disclosure.This will regulate the actual accounting treatment of PPP project enterprises in China,improve the disclosure of accounting information of PPP projects,and promote the sound development of the PPP model.The research and analysis in this paper will have certain reference significance for the construction of China's PPP related accounting standards system.