Research On Accounting Of Integrated Finance Of China

Since the end of the WTO protection period of China, the domestic financial institutions will endure the pressure of competition from international financial institutions in an all-round way. These pressures deal in the disparity of operating factors besides products, technology, service, etc., there are also management system-based differences. Many developed countries, such as British, USA and Japan, have called off their segregated financial system and turned to an integrated one from 1990's. At the same time, their counterparts in China are also following the segregated financial system. This may lead to a depression for the financial operating expansion and innovation in China, and has influenced the development of the domestic whole financial system too. In brief, it's a financial operating mode, under which commercial bank, insurance company, investment bank and trust company would integrate together in organized configuration, production and service. Many scholars within China have made wide theory research on finding a suitable path and mode for Chinese integrated financial operation. During the same time, some financial holding companies, such as PAC, CITIC, CICC and CGFHC etc., have been founded even without the admission from Chinese regulations. All of these activities have given an useful exploration that will motivate the development of Chinese integrated financial system.Finance, as an important factor of social economy, its development has a enormous impact on accounting, from accounting object to accounting recognition & measurement, is all promoting the accounting change. Meanwhile, as a general business language, the truthful and effective accounting information is a necessary means for financial institutions to collect social funds and expend business effectively. To be a developing framework, integrated financial system will lead to a more strict production of information, which is mainly of accounting information. From institution structure to integrated production, a flawless mechanism of accounting information making and disclosing will be an effective safeguard. On the other hand, financial supervision institution will be set on such a situation that facing a more difficult situation under integrated finance. In order to fulfill an effective supervision, making the social economy system running stably, the supervision institution will need more practical believable comprehensive accounting information urgently from the operating institutions, which will mainly be formed as financial holding companies. But when we look back on the accounting study of finance, we could find that these researches are mainly focused on a single financial activity or production, such as commercial bank, insurance, financial instrument, common fund and assets security etc., and as a result, it's lack of full view of Finance Accounting, especially of theory and requirement of integrated financial accounting. This article will make a study on the mechanism of accounting information generation and disclosure and the questions about finance supervision accounting under the condition of integrated finance from a universal perspective.Besides the foreword and conclusion, the whole text is composed of 5 parts. Part I combs and sums up the finance relevant research about the existed financial theory firstly and found out that due to the integrated finance mainly performed as intercross of financial institution and syncretism of financial products and services, so the financial integration will exert an influence on accounting entity and accounting object, and lead to a peculiar requirement on financial supervision accounting. Based on the existed accounting entity theory, Part II considering the difference of accounting entity under financial integration gives some advices on building Chinese integrated financial institutions from the view of accounting entity. Based on the theory of accounting object and accounting essential, Part III researches on the particularity of financial assets, financial liabilities and financial ownership ,combining accounting object and element theory. According to above contents of Part I and Part II, and affiliations with the historical change of financial reports of Chinese financial corporate, Part IV puts forward the requirements of quality and contents of financial information disclosure under integration for Chinese financial institutions. Part V combines the particularity of the supervising requirement of financial mixed operation and corresponding change of the supervising accounting, has put forward the operation idea of supervising accounting of financial mixed operation.