The Research On Chinese Pension Accounting Based On Chinese And Foreign Comparison

People’s life is prolonged as the development of technology and the improvement of living standards. The aging problem has been a serious one for most counties. China has stepped into aging society since 1999, and the aging situation of Chinese situation has been more and more serious. It is urgent to solve the aging problem for the aging population in china is more and older than other countries, and grow faster. The reform of pension system and pension accounting system has become a hot topic in the academia and practical circle.The pension system in developed countries has developed earlier. Thus, the pension accounting started earlier in these countries, and gradually perfected in practice. In recent years, many countries formulated or revised their own pension accounting standards according to the specific conditions. The representative standards are made by the financial accounting standards board (FASB) and international accounting standards board (IASB). IASB revised IAS19 in 2011 by improved the recognition, measurement and disclosure of the defined benefit plan, which made it easier to understand the financial position, operating results and cash flows of the company. China’s ministry of finance issued new accounting standards of employee compensation for enterprises in January,2014. This requires implementation in all enterprises since July 1,2014, and also encourages overseas listed companies to perform ahead of time. This revision in the wake of the revision of IAS19 of IASB in 2011 reflects the international convergence of accounting standards, and also an attempt to solve specific problems in the current.The new revision of CAS9 has a higher degree of international convergence, but the effect remains to be verified in practical application. This article includes several parts as follows:Firstly, this article stated the basic theory of the pension accounting in our country and its development on the basis of analyzing the development of China’s pension system; Secondly, the article explored the development of pension accounting of FASB and IASB, and drew a revelation for the development of China’s pension accounting standards through analyzing the history of accounting standards as well as the recognition, measurement, disclosure of the pension accounting of FASB and IASB; Finally, the article compared our country’s pension accounting standards and the corresponding content of the FASB and IASB, analyzed the reasons and found the room for improvement. At the same time, the article put forward relevant suggestions, aiming to perfect our country’s pension accounting standards.