The Research On Domestic Insurance Contract Financial Accounting System

Along with rapid and sound development of the insurance, insurance contract accounting problem is focused on by insurance market and other aspects day by day. Insurance's essence and transparency decide insurance company accountants as information window of security business, which decided insurance accounting poses good rational and complete practice processing mode.Since treasury department released new business accounting standards in 2006, the standardization degree and accounting quality of insurance company checking accountancy have a deep enhance, and pay a positive role to the development of insurance. However, in recent years, domestic country have developed rapidly, new accounting products have emerged in endless, such as unit-linked insurance, investment property insurance, and so on; new economic event have turned up more and more, such as the administration of insurance asset management; other system have appeared like actuarial system; and the channels rule of insurance funds have revised constantly. Nonetheless, the discussion of domestic insurance contract accounting problem seems cutting back. New insurance accounting rules is being defective in theory, and faced with inevitable practice dilemma. It doesn't satisfy with assurance rapid development and the need of domestic foreign assurance market integration.This article proceed from accounting checking essential questions, first understood insurance contract accounting and its specialty, analysis domestic accounting current situation insurance contract accounting economic mode, responsible reserved fund economic mode and information disclosure. Domestic recent insurance contract accounting asset liability mode and deferred ratio mode are mixed unclear, this does not match the rapid development situation of insurance contract accounting; the uncertain measurement attributes of responsible reserved fund and imperfect information disclosure go against the development of insurance contract accounting system and the requirements of the healthy development of insurance industry. Finally, the article put forward some proposal of completing insurance contract accounting system, including insurance policy adopting the temporary policy of deferred accounting treatment of capital, pointed out that the fair value measurement was the best insurance liability reserve measurement model, defined the future cash flow of insurance reserve fund, and then according to the general principles and pricing methods of financial instruments, discussed and derived discount rate of risk-adjusted insurance liabilities, recommended the strengthening disclosure of the amount of future cash flow, time and uncertainty, the disclosure of non-financial information, and the disclosure of the insurance company value information.