Study Of Enterprise Pension Accounting

Enterprise pension is supplementary pension system that is established by enterprise and its employees of their own accord based on their basic pension being insured. With the rapid growth of aging population and the increasing pressure faced by all countries across the world for paying pension, it has been seen that the current basic pension insurance can't meet the need of pension payment that grows day by day. As the result, many countries around the world have accordingly established a set of multi-pillared pension insurance system combining the basic pension pillar with the supplemental employer pension and individual savings pension insurance. China, the country with the largest population in the world and a growing number of old people, is facing the big challenge of its original basic pension insurance system. To keep up with the speed of economic development, our country is carrying through the reform of enterprise pension system to perfect our country's multiple pension insurance system. Along with the rapid development of our country's enterprise pension, how to standardize accountant check behavior of enterprise pension under the socialist market has brought a brand-new subject to accounting field.The research combining enterprise pension with accounting start early in the West with the result that a set of relatively complete accounting check system has been built up, but in China the situation is just on the contrary. Although Accounting Standard No. 10-Enterprise Pension Fund put into effect lately indicates that our country begins to attach importance to the research of enterprise pension accounting gradually, it only standardizes the investment of enterprise pension fund. Differentiation between enterprise pension accounting and general financial accounting does not He in its investment but in its contribution. Along with development of enterprise pension, we should focus to prescribe contribution of enterprise pension in the future. In this article we try to use western developed country's accounting standard and international conventions of enterprise pension accounting for reference, from two aspects of theory and accounting practice, establishing our country's enterprise pension accounting practice theoretical system and the basic practical framework have been, which is of certainly theoretical significance and comparatively important realistic significance to assure the value of enterprise pension fund non-deflated and inflated and impel the accounting internationalization advancement of enterprise pension accounting of our country.The enterprise pension accounting take enterprise pension as its research object, it is providing an overall, systemic and constant refection and supervision in raising, operating and distributing enterprise pension. It differ from general financial accounting, circulation of enterprise pension relate to numerous of related organizations. On the stage of raising enterprise pension, it need be actuarial evaluated by actuary firstly, then truster contribute enterprise pension according to actuarial report, truster is separate-entity of enterprise pension accounting at this time. Truster submit enterprise pension fund to trustee for managing after entering operate stage, enterprise pension fund is separate-entity of enterprise pension accounting at this time. Three aspects are very important to treat enterprise pension, they are actuarial evaluation of enterprise pension, accounting treatment of enterprise pension for truster, accounting treatment of enterprise pension for trustee. This text research enterprise pension accounting practice from the following three aspects.Firstly, actuarial evaluation of enterprise pension is researched in this thesis from the two aspects of defined contribution plan and defined benefit plan and actuarial methods of enterprise pension liabilities and costs with respect to defined benefit plan is primarily discussed here. In the light of actuarial model of general enterprise pension liabilities, actuarial methods of various enterprise pension liabilities are researched based on their characteristics. This research puts forward a more suitable actuarial method based on comparing actuarial methods of various enterprise pension costs, which is called sharing alike benefit.Secondly, based on the study of actuarial evaluation, accounting treatment of truster on enterprise pension is systematically researched in the thesis. It expatiates accounting elements and ledger, accounting treatment, accounting information disclosure under defined contribution plan and defined benefit plan. It systematically expounds contribution, operation and distribution of enterprise pension under defined benefit plan from the aspects of confirming, measuring and noting. The thesis puts forward that the assets and liabilities of enterprise pension should be reflected in its balance sheet not according to the net amount but on the principle of being completely capitalized.Thirdly, accounting treatment of trustee organizations on enterprise pension is researched in this thesis. The thesis puts forward corresponding advices aiming at the problems in Accounting Standard No.10-Enterprise Pension Fund. For instance, it indicates that there are not fundamental differences between the investment of enterprise pension and investment of general enterprise except for their invest scope, therefore, the classifying and treating methods on enterprise pension fund should be identical to the general enterprises. It points out that we should regard reliability of measuring fair value instead of classification of enterprise pension assets as the standard when we reconfirm enterprise pension assets. Furthermore, we should confirm the change of fair value of enterprise pension assets as investment income rather than the capital surplus. Moreover, some improvement proposals towards some problems concerning accounting information disclosure of enterprise pension are put forward in the thesis, such as adding investment compounding statement and net property change statement. In the end, on the foundation of the research of enterprise pension accounting practice, thesis put forward suggestions about establishing our country's enterprise pension accounting standard with truster as main part though drawing lessons from abroad of experience. This thesis indicate that our country should regulate enterprise pension accounting though one standard similar to international accounting standard,this differ from financial accounting standard in USA that constitute different standards to regulate different aspects about enterprise pension accounting.As our country has issued the accounting standard about enterprise pension fund, This thesis mainly expound accounting standard about enterprise pension during contributing,its entity is truster.