资产证券化:现状、实例运作及会计确认

资产证券化是20世纪国际金融领域中最重要的一项金融创新,它起源于美国,发展于美国,又在世界范围内得以推广。本文从国内外资产证券化的现状出发,以中集集团(CIMC)为例来详细说明了资产证券化的基本运作流程,立足于我国缺乏资产证券化规范的实际,在评价国际会计准则和美国财务会计准则的基础上,从风险与报酬分析法和金融合成分析法来对其发起人的会计要素确认问题展开讨论。

Asset Securitization: Situation, Case Operation and Accounting Recognition

Asset Securitization is the most important innovation of financial products in 20 centuries. It was originated and developed in the U.S., and widely accepted in many other countries. In this paper, firstly, we figure the situation of international and national asset securitizalion. Then, we recommend the process of CIMC's asset securitization and give a good example of the function of asset securitization. After this, considering the reality in china, we talk about accounting recognition of the Originator from Risks and Returns Approach and Financial Component Approach on the basis of IAS (International Accounting Standards) and FAS (Financial Accounting Standards).