The Studies On The Recognition, Measurement And Disclosure Of Insurance Liabilities

In recent years, along with the main trend of global economic integration and capital globalization, set up one unified accounting standards, which is suitable for different countries and different trades, becomes particularly urgent. Under this background, International Accounting Standard Board researches and develops the International Financial Reporting Standards (IFRS).In order to promote the development of economic integration better, help native enterprises carry on transnational financing, China is making efforts positively. However, in this process, the improvement and implementation of the insurance trade accounting standards, which is obviously special, becomes the key problem of international convergence. Among the insurance accountants, the insurance liabilities seems particularly special, the studies on the recognition, measurement and disclosure of insurance liabilities has always been difficult and hot issues. Therefore, only the accounting treatment of insurance liabilities truly achieves the integration with international standards, the accounting standards of the insurance could be further improved, and the accounting standards of enterprise in our country could become a better international convergence.This paper is divided into7seals altogether, Firstly, introduce the complexity of the insurance contract and the particularity of insurance liabilities by theoretical analysis, then compare and analyze the differences on the recognition, measurement and disclosure of insurance liabilities in our country before and after the implementation of new standards. At last, the paper points out that the new standards has already made some effects, but there are still some problems existing in several aspects, and then this paper has put forward some suggestion and measure on the problem for guidance too.Chapter1firstly describes the background and meaning of the research, then introduces the methods of the research. Chapter2introduces the current situation of the research on the recognition, measurement and disclosure of insurance liabilities at home and abroad.Chapter3points out the differences on the recognition between insurance liabilities and general accounting, and introduced international recognition standards for insurance liabilities, and analyzed how to convergent with the international guidelines at the same timeChapter4describes the characteristics of the insurance liabilities when they are measured, and why the measurement of insurance liabilities based on statutory actuarial assumptions in the past, now turns to be based on the principle of the best estimate, which is closer to the International Financial Accounting Standards. And explains the connection and difference between two kinds of methods, in addition, this chapter will also compare with International Accounting Standard and the new standards of insurance accountant in our country, and analyze the current situation of the standards of insurance accountant, and point out how to keep the uniqueness of our insurance accountant standards.Chapter5has mainly analyzed the provision on the disclosure of insurance liabilities at home and abroad, then pointed out the problems, and proposed relevant suggestions at the same time.Chapter6explores the existing problems by analyzing the recognition, measurement and disclosure of insurance liabilities of Ping An Insurance Company of China. Then compares the differences between the method of best estimate and the actuarial method, and introduces the advantages and disadvantages of the two methods, in addition, this paper also points out the problems of the company on the recognition, measurement and disclosure of insurance liabilities, and has proposed relevant suggestions.Chapter7summarizes the study on this paper, and put forward the problems still existing while studying.