Notice of Retraction: Accounting recognition, measurement and disclosure of Asset-Backed Securitization in China

With fast development of ABS(Asset-Backed Securitization) in China, a series of related accounting problems had appeared. In order to record and disclose the accounting information originating from ABS, meet the demand of accounting information users, promote the development of ABS, this paper had a deep study on the accounting recognition, measurement and disclosure of ABS, and analyzed three methods of “Risk and Returns Approach”, “Financial Component Approach” and “Continuing Involvement Approach”. In the end, this paper proposes that we take advantage of FAS and IFRS, regulate the accounting treatment of ABS in CAS and lay down relevant application guides.