Research On Accounting Problems Of Industry Investment Fund In China

The industry investment fund is a new approach for financing and investment which will contribute to the restructuring of industry in China and the development of rising industries. The establishment of Bohai industry investment fund indicates that the industry investment fund has entered a new period of development.It's particularly important to establish a clear framework for the development of the industry investment fund.Rule in accounting is part of the framework.The main feature of the industry investment fund is the collection of the spare capital of the investors. Professionals of the specialized agencies are responsible for the investment by portfolio theory.It can reduce the risks and maximize the investment income in this way.But it cannot get behind all types of risk,such as technological risk, market risk, management risk, financial risk and so on.In order to prevent or reduce the risk,three kinds of measure can be taken.It includes risk transfer measures, risk control measures and risk retention measures. Concrete measures in financial matters contain two points.Firstly, investment enterprises can help invested enterprises in establishing standardized accounting system.In this way, invested enterprises will be able to establish and perfect internal control system and corporate governance structure. Secondly, It's a efficient method for the industry investment fund to get involved in the audit of the invested enterprises. The invested enterprises are required to provide periodical reports,the yearly audit reports on the accounts and external audit report. The disclosed accounting information can draw on the provisions of the securities investment fund.The specific content of the financial statements should be disclosed clearly.There're no rules for the industry investment fund to set about it's concrete form. So It can adopt the enclosed type. After the development of the securities market, enclosed fund is able to transfer into open-end fund.There're flaws in open-end fund information disclosure system.Fees and expenses information disclosure is included.In order to avoid this flaw, the industry investment fund should formulate the form of the fees and expenses information disclosure.The performance evaluation of the industry investment fund is very important for fund managers, investors and financing companies.It provides the basis for the achievement of the accounting goals.And on the other hand, the accounting goals provide a reason for the performance evaluation of the industry investment fund. The performance evaluation of the industry investment fund is a basis for judgment of equity capital growth for investors,and financing activities for financing companies. In a word, the performance evaluation of the industry investment fund information disclosure should be made periodically. All accounting practices require reasonable and effective regulatory model.