Study Of Pension-related Accounting Issues

With the technology and modern medicine's development, human beings' average age is longer than before. So the increasing of old people is on the twentieth century. How to set up an effective penalty system has become a hotspot Because of the large number of retired employee, the burden of company has increased. To account fairly for penalty's impact on companies' operation, many accounting specialists have done lots of research and come to several of pension accounting theories. The aim of pension accounting is to systematically and consciously reveal the operation of pension. Implementation of pension accounting will fairly present the impact of pension on the financial condition, operation results and cash flow. As the same time, it will make the accounting information more relevant to users. The pension accounting research started in modern countries. Through many years development, pension accounting research has set up a complete system that is based on accrual basis, systematical measure of pens.