Research On The Disclosure Of Accounting Information Of Enterprise Annuity In China

With the accelerated aging of the population, as the second pillar of the pension system, the enterprise annuity has been paid more and more attention. As an important part of enterprise annuity,enterprise annuity accounting information disclosure has played a pivotal role in the development of enterprise annuity. It is of great significance to promote the development of enterprise annuity by improving the disclosure of accounting information of enterprise annuity and improving the status of enterprise annuity accounting in China's accounting system. Therefore, this dissertation studies the disclosure of enterprise annuity accounting information in China.Different from the domestic scholars' pure theoretical research on the enterprise annuity accounting information disclosure, this dissertation is based on the theoretical analysis, draws lessons from the experience of the development of the pension plan in western countries, sums up the relevant foreign standards,and takes American Airlines for example, lists the US standard accounting disclosure of pension information, counts and analyzes the present situation of accounting information disclosure of state-owned listed companies which set up a defined contribution plan, puts forward the existing problems of enterprise annuity accounting information disclosure by comparison. Then, this dissertation takes Zhejiang Longsheng as an example, analyzes the reasons for the implementation of the defined benefit plan, measures that as a type of enterprise annuity, the influence of defined benefit plan on corporate liabilities, profit, cash flow, dividend distribution and residual income, discusses how the changes of enterprise annuity accounting information affect corporate finance and enterprise value. This dissertation uses data for in-depth discussion, emphasizes that the enterprise annuity accounting information will affect the judgment of information users, indicates the contents and forms of annuity information that enterprises should disclose, highlights the importance of enterprise annuity accounting information disclosure and the noteworthy problems.In addition, based on the comparison with American Airlines, this dissertation concludes that there are some accounting information disclosure problems of Zhejiang Longsheng defined benefit plan, such as unclear actuarial assumptions, less planned asset information and undisclosed impact on cash flow.The study finds that enterprise annuity accounting information disclosure still has many problems such as incomplete system, simple channels and content,and ineffective standards. This dissertation also find that the implementation of the enterprise annuity plan and accounting information disclosure will affect the corporate finance and enterprise value. Finally, according to the existing problems, this dissertation puts forward some suggestions to perfect the disclosure of enterprise annuity accounting information.