The Influence Of Fair Value On Financial Report Of Life Insurance Company And Its Countermeasures

In the developed market economy countries, the fair value measurement is used as an important and even preferred measure of enterprise accounting standards. In 2006, the accounting standard for Enterprises was issued which have extensive use of fair value. The Ministry of Finance issued the "accounting standards for Enterprises No.39-the fair value measurement" in 2014, which is regarded as a separate criterion. The characteristic of Life insurance companies is that the company has a lot of financial assets and financial liabilities. The fair value measurement will have an impact on the financial report which is focused by the regulators and report users. This paper analyzes the impact of fair value measurement on financial report of life insurance companies, and puts forward the corresponding countermeasures; the main work is as follows:Firstly, analysis the fair value in our country’s development process, clear the definition, characteristics, and theoretical basis of fair value measurement. Introduce the financial report features of the life insurance company, compared with the other company financial report, insurance company has strong industry characteristics in the accounting subjects, in the composition of assets and liabilities.Secondly, analysis of the impact of fair value measurement model on the financial statement of the life insurance company. Mainly through the financial report of life insurance companies in the fair value measurement of the subjects analyzed one by one, to explain the impact of fair value measurement on life insurance company balance sheet, profit statement.Thirdly, analysis of the impact of fair value measurement brings to the financial report of the life insurance company, puts forward the corresponding countermeasures from a regulatory perspective, life insurance companies and investors respectively from the perspective of perspective. Studies the china life insurance 2006-2013 years financial report, analysis the impact of fair value accounting on the financial report, and shall take effect bring what measures to deal with the fair value measurement suggestions under the new guidelines of China life.