Corporate Pension Accounting And Related Issues Discussed

According to the international standards, China has been an old-age society since the end of 20th century. The old-age problem has put great pressure on China's basic insurance system, which also has been improved by our government. At present corporate supplementary insurance is encouraged to development greatly. However, the research on China's pension accounting is scare.In the article, the writer firstly introduced the construction of China's social basic insurance system for the present age. She pointed out that the importance of corporate supplementary insurance and the applying of Fully-funded system. Secondly, SFAS87 and SFAS88 are introduced detailed. At last, the writer analyzed America pension accounting and China's special situation. She stressed Defined-benefit Plan should be applied and Capitalization approach is a better choice to China. At the same time, the writer regulated and devised China's pension accounting system.