The Research On Accounting Issues Related To "house-for-pension" Scheme

“House-For-Pension”,which refers to the rights that the elderly has theproperty right to housing as collateral to Banks or other financial institutions, tocomplement endowment, shot up by the borrower shall have the right to keep theliving right of this building at the same time, until after his death with real estaterepay the loan principal and interest of a kind of new financial products. Due to theflow of the cash flow in contrast to the traditional direction of housing mortgage loan,similar to financial institutions on instalments (the borrower) from the old hands tobuy real estate, so the americans also call it the earliest housing reverse mortgage loanendowment.Along with the aging of the population is increasing and the elderly housingprivatization ratio increases, the prevailing abroad “House-For-Pension” came toprominence in our country, the new type of financial products is introduced, quicklycaused the wide attention of the society. In foreign countries, housing reversemortgage loan endowment is a well-developed financial products, each subject in thefield of expert in China draw lessons from foreign experience, on the basis of thesame of housing reverse mortgage loan products launched a large number of in-depthresearch. Throughout the domestic and foreign research results, the housing reversemortgage loan is mainly focused on the pension related ethical and legal issues,finance, insurance, product demand and pricing problems, several aspects, such associal assistance security are not covered by the accounting aspects, thus caused theauthor of housing reverse mortgage loan related accounting issues of concern andresearch. First,“House-For-Pension” as an economic activity, don’t shed andaccounting, it inevitably requires extensive applied to accounting the economicmanagement tool, to complete the business itself, continuous, system and supervision.Therefore, we need to “House-For-Pension” for this new economic item into theaccounting field of study, from the accounting essence of its reinterpret housingreverse mortgage loan; Second, the housing reverse mortgage loan pension is notsimple combination of ordinary mortgage and general endowment, it with the traditional sense through the mortgage of real estate loans for pension, the practice hasthe essential difference between ordinary mortgage accounting methods cannot bedirectly applied. Therefore, it is necessary for us to have a special“House-For-Pension” study on special accounting issues.This article to explain and solve the problem of housing reverse mortgage loanpension related accounting as a research center to spread the full text. The first set“House-For-Pension” and "housing reverse mortgage loan pension equivalentrelation, and points out that" retirement with house "accounting essence is a new typeof financial instruments; Secondly, the paper generalizes demand, policies andregulations, financial insurance three sides facing the domestic and foreign relatedresearch achievements of housing reverse mortgage loan, and then through theanalysis of current situation of the development of foreign countries "housingendowment", summarizes the international experience for our country to solve.Further pointed out that our country to carry out the housing reverse mortgage loanendowment mainly three aspects of accounting problems, namely, accounting entity,accounting recognition and measurement, presentation and disclosure. And thenchapters analysis and discussions of the above three questions, by comparing thegeneral mortgage mode of accounting treatment and according to the specificcharacteristics of the housing reverse mortgage loan itself, gives the method to solvethe problem. By the end of the article puts forward the improvement Suggestions.