Exploring the Influence of Property Law on Accounting Confirmation and Measurement

Abstract: China's property law adheres to the principle of statutory property rights and stipulates ownership, usufructuary right and security right. The establishment of these legal property rights and the formulation of rules for the acquisition and change of movable and immovable property rights directly determine the content and form of enterprise assets and liabilities, which will definitely affect accounting.

Keywords: property law, ownership, usufructuary right, accounting standards for security right

China's property law takes property rights and obligations as its content, adheres to the principle of statutory property rights, and stipulates ownership, usufructuary rights and security rights. Among them, the obligee has the right to possess, use, benefit and dispose of his movable and immovable property, which is called ownership. The obligee's right to possess, use or benefit from other people's real estate is called usufructuary right. When an enterprise borrows money from a bank, it takes its own real estate, movable property or securities as security, and the bank's right to possess and dispose of the real estate, movable property or securities belonging to the enterprise is called security interest.

Accounting assets and liabilities come from related concepts in law. Although modern accounting has expanded the connotation and extension of "assets" and "liabilities", rights and obligations are still its main contents. The establishment of these legal property rights and the formulation of rules for the acquisition and change of movable and immovable property rights directly determine the content and form of enterprise assets and liabilities, which will definitely affect accounting. Starting with ownership, usufructuary right and security right, the author further studies the influence of property law on accounting recognition and measurement.