Capital Investment

Article on the current asset management company (AMC) settled assets management in the financial accounting of the main issues in-depth discussion on the causes and analyzed, and put forward countermeasures and suggestions to solve the problem. Ministry of Finance aims to introduce the future related to the accounting system and the AMC AMC repossessed asset management and other policy measures provide a useful reference.
1, AMC Asset Accounting Management Debt Problems
(A) to obtain part of settled assets management in the financial accounting problems
(B) of the bonded part of the financial asset management problems in accounting management
(C) the disposal of collateral assets part of the management of financial accounting problems
Second, AMC bonded Assets Accounting Management Causes Problems
(A) financial accounting system from the point of view, the Ministry of Finance has not been introduced as “financial assets management companies accounting system”, only to develop a “financial system, financial asset management companies (Trial)”, relying on a single financial system is far from standard AMC acts of non-performing assets of financial and accounting requirements. Moreover, in 2000 introduced the “financial system of financial asset management companies (Trial)” is a standard policy of the main strip of non-performing assets of financial behavior, and the present AMC’s business policy is no longer limited to non-performing assets disposal business, but also a large number of commercial non-performing assets disposal operations, the situation has undergone great changes, the original financial system can not fully meet current business needs. This is the cause of settled assets now account for four AMC management was not uniform and there is a major reason for many problems.
(B) asset management system from the Debt, the Treasury nor the actual situation for the AMC has issued a similar “bank repossessed asset management approach” (Finance [2005] No. 53) of the AMC repossessed asset management system, AMC lack of a unified Debt asset receipt, management, disposal and accounting system of norms and regulatory standards.
(C) from AMC to see the implementation of internal management systems, accounting management of repossessed assets above the existing problems, both the implementation and management of poor internal management systems in place for reasons not
(D) the financial system from the perspective AMC, AMC does not exist as profit (loss) accounting problems, the Ministry of Finance on the AMC’s policy of non-performing assets assessment, mainly the “two rate” (rate of cash recovery and disposal costs ) contract assessment as the core. This financial system arrangements, the decision of certain financial accounting meaningless. Such as provision for debt repayment and other assets for impairment.
Third, improve the management of AMC settled assets accounting Suggestions
(A) recommended that the Ministry issued a timely manner, “financial asset management company’s accounting system” to regulate the transformation of AMC commercial activities of non-performing assets after accounting needs. Meanwhile, AMC six years should be disposed of bad assets of financial accounting practices on the basis of the right to amend, “the financial system, financial asset management companies (Trial)”, to further regulate the financial behavior of AMC.
(B) recommended that the Ministry issued the appropriate “financial asset management companies repossessed asset management approach”, specifically the principle of AMC settled assets management, financial processing, supervision and inspection, illegal punishment, to regulate the collection of collateral assets AMC, custody and disposal behavior to prevent the occurrence of illegal acts, effectively reducing the human loss of settled assets.
(C) strengthen supervision and inspection of AMC repossessed assets, increased penalties for breaches. AMC repossessed assets in the reception, management, disposal and financial treatment and so should strictly implement the relevant provisions, in particular the financial sector to create a complete asset management Ledger bonded to implement a system of settled assets physical inventory, and resolutely put an end to bonded assets account outside the management and disposal of non-legal means to obtain repossessed assets without approval repossessed assets retained violations. At present the Nuclear Regulatory settled assets AMC widespread irregularities in the issue, to improve the relevant system as soon as possible based on the order of their checking and correcting themselves.