A cyclic referencing management method and apparatus, a parsing method and apparatus, and a computer readable recording medium storing a program to implement the methods are provided. The method for managing cyclic referencing that may occur by mutual references of assets in a file provided to control assets in a multimedia application environment, includes: detecting an asset generating cyclic referencing; and ignoring the asset generating cycling referencing. According to the methods and apparatuses, cyclic referencing that can occur in a file to control assets can be detected and processed such that the system can be prevented from entering an indefinite loop or causing an erroneous operation.