Study On Accounting Information Disclosure Of Listed Insurance Companies Of China

Investors, creditors need to business information, especially accounting information. They make decisions according to the company’s financial status, operating results and cash flow situation. If the accounting information disclosure false, inadequate, not timely, it will bring enormous loss to investors, creditors. The main demand for accounting information disclosure of insurance companies are investors, creditors, and the insured and government regulators, they need the high quality of accounting information.As one of the fastest growing industries, in "fifteen" period, an average annual growth of the insurance business income is more than25%, between2005to2010, insurance business income increased from492.84billion yuan to1.45trillion yuan in China. With the growth of public demand for insurance and the original premium income, the demand for payment of insurance capital is also growing, increasing and sharing capital will become choices of more and more insurance companies. After the listing, the insurance companies needs to provide more high quality of accounting information disclosure for demander. However, at present listed insurance companies in China is non active motivation for accounting information disclosure from their own internal, even the asymmetry of information in insurance, if there is lack of the accounting information disclosure of the constraints and standards, investors, creditors and Policy-holder of interests can not be guaranteed. In reality, the listed insurance companies of fraud incidents has occurred, despite it has been prohibited. The inadequate and non-transparent of accounting information disclosure affects the interests of demander for accounting information seriously.At present, the "accounting standards for business enterprises (2006)" in CAS25and CAS26give the rules to the insurance companies on how to confirm, measure and report, in addition, the other rules for listed insurance companies of accounting information disclosure infiltrate standards which are regulated by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") and the China Insurance Regulatory Commission (hereinafter referred to as "CIRC"), the insurance accounting information disclosure of system is in initial shape. With the continuous exploration of insurance investment channels, sales mode and the pricing of insurance products changing, the insurance solvency regulation of demand, insurance accounting information disclosure has been changed from the system to the standards, now in order to regulate the insurance accounting information disclosure, in urgent it needs to make a set of rules which either convergent with International Accounting Standards, or in accordance with the situation of China Insurance Accounting Standards.Selection China’s listed insurance companies of accounting information disclosure as the research object, to explore listed insurance companies of the accounting information disclosure, it is beneficial to avoid the "black box" operation which is brought by the insurance industry specialty, also reduce the adverse effects brought by the lag of financial reporting, enhance accounting information of prediction, it is better to protect the investors, creditors, insured of the interests and accelerate the development of insurance better. This paper from the meaning, particularity, current situation, causes analyzes four A shares of listed insurance companies in the accounting information disclosure, the article gives the advices to improve listed insurance companies of accounting information disclosure, put forward to further improving the listed insurance companies of accounting information disclosure of quality.According to the above thinking, this paper is divided into six chapters in structure:The first chapter which is the introduction, firstly introduces the background and significance of the research, then reviews literatures on information disclosure, the accounting information of disclosure, follows by the introduce on research ideas and methods, finally points out the main contribution and defect.The second chapter is the article of theoretical basis, firstly makes the definition for information disclosure and accounting information disclosure, follows by the analysis on asymmetric information theory to insurance market which is a typical asymmetric information market, then analyzes the specific characteristics for insurance accounting information disclosure, the transition from special business of particularity to special insurance accounting information disclosure, finally discusses the necessity of accounting information disclosure.The third chapter analyzes the listed insurance companies of accounting information disclosure of system, first discusses the rules on how to regulate the listed insurance companies of accounting information disclosure in China in Accounting Standards, the enterprise legal system, supervision system, then introduced the foreign insurance companies of accounting information disclosure, contrasts the listed companies of accounting information disclosure between domestic and foreign, finally proposes the comments referred by China.The fourth chapter from the accounting information of report system, accounting information disclosure of mode, between2009to2010listed insurance companies of annual report three aspects, analyzes the status of insurance information disclosure, then lookups the reasons.The fifth chapter combined with the internal and external causes which lead to insufficient listed insurance companies of accounting information disclosure in China, draw on advanced international experience, puts forward the measures and suggestions to improve the listed insurance companies of accounting information disclosure in China.