Application Of Activity-Based Costing In Y Insurance Company

China's financial industry has developed rapidly in recent years.Although the development of insurance industry is relatively slow compared with other financial services industries,insurance companies continue to take advantage of their own advantages in the domestic economic market and gradually occupy a place in the market.However,with the continuous refinement of financial industry policies and the transparency of financial services market,the competition conflicts between insurance industries become more stringent.Severe.How to increase the market share of insurance companies and accelerate the development of the company has become the most headache for the company's top managers.Because the cost of insurance companies is complex,the proportion of indirect cost is large,and the product differentiation is serious,activity-based costing can be introduced into the cost accounting of insurance companies make the distribution cost more reasonable,provide accurate cost information for insurance companies.As a huge insurance company in the financial industry,Y Life Insurance Company still has many backward and unreasonable problems in cost accounting of its branches.This paper takes Y Insurance Company as an example.Firstly,it elaborates the theoretical part of activity-based costing,analyses the shortcomings of current cost accounting of Y Insurance Company,and fully analyses the introduction of activity-based costing.According to the actual situation of Y Insurance Company and related theories,it establishes a scheme for implementing activity-based costing for Y Insurance Company,carries out activity-based costing,and compares it with the traditional method.Comparisons and analysis of accounting results.Finally,it puts forward the guarantee measures of introducing activity-based costing in Y Insurance Branch,which lays a solid foundation for the company to adopt activity-based costing.Activity-based costing is seldom used in insurance companies.This paper takes Y Insurance Company as an example to analyze,set up corresponding plans to carry out activity-based costing,and put forward relevant measures to protect the development of activity-based costing,in order to improve the cost management of Y Insurance Company,and provide some reference for other insurance companies to carry out the application of activity-based costing.