Chinese Enterprise Annuity Accounting Information Disclosure

With the rapid development of economic and improvement of medical treatment, people's average life expectancy prolong constantly in China. The aging of the population has become a trend, which increase the financial crisis of basic pension. Since the 1990's, China is reforming the pension system. For more than a decade of exploration and reform, China has established three-pillar pension system model, which is basic pension, enterprise supplementary pension (i.e. enterprise annuity) and personal savings. Enterprise annuity, which is beyond the basic pension .by government compulsive policy, is supplementary pension scheme which is implemented by enterprises. Enterprises are based on a voluntary basis with the national policy guide.However, during the years of establishing and implementing the enterprise annuity scheme in China, the regulations and accounting standards still need to be improved and the disclosure is still inadequate, which restrict the development of enterprise annuity system to some extent. Shanghai Social Security case is a lessen to us. There for, how to improve the accounting and disclosure standards is worthy to be studied.The paper studied how to improve the standards of enterprise annuity accounting information disclosure for effective supervise of enterprise annuity, from the perspective of enterprise annuity accounting information disclosure. In reviewing the accomplishment of preview studies, the paper, which is based on The Temporary Regulation of Enterprise Annuity of China, The temporary Regulation of Enterprise Annuity Fund of China and Accounting Standard for Business Enterprises and other related documents, discuss the problems of current accounting information disclosure of enterprise annuity and causes, try to learn from the abroad successful experience. The accounting treatment of enterprise annuity fund is researched in the paper. The paper advances the concepts, the content and the treatment of the accounting elements and the classifying and treating methods on enterprise annuity fund should be identical to the general enterprises. However, we should confirm the change of fair value of enterprise annuity fund assets as unrealized gain, but investment income or capital plus. At last, based on the previous research, the paper proposes some reasonable suggestions on the accounting information disclosure of enterprise annuity based on the enterprises and enterprise annuity fund, such as adding additional financial statement.The paper composes by seven parts in total. The first part introduction, introduces the paper's background and significance of topics, related research review, research methods and structure arrangement. The second part introduction of enterprise annuity, introduces the system of enterprise annuity and the development of enterprise annuity in China. The third part the basic theories of accounting information disclosure of enterprise annuity, elaborates the basic theories enterprise annuity accounting and its disclosure. The forth part analysis of status quo of accounting information disclosure of enterprise annuity in China, analyses the problems and the causes existed in China now. The fifth part is the overview of the development of accounting information disclosure of enterprise annuity in foreign countries. The sixth part advances the suggestions on the accounting information disclosure of enterprise annuity based on the forth and fifth part. The last conclusion part refines a summary of related conclusion and gives the prospect.