Research On Accounting Treatment Of Insurance Asset Management Of Company A Under The New Regulations On Asset Management

According to data from the China Banking and Insurance Regulatory Commission,by the end of the fourth quarter of 2021,the total assets of my country’s insurance asset management companies were 103 billion yuan,an increase of 35.4% from the beginning of the year.As the scale of insurance asset management continues to expand,financial risks also continue to rise.The "Guiding Opinions on Regulating the Asset Management Business of Financial Institutions"(referred to as the "New Regulations on Asset Management")and supporting detailed standards promulgated in 2018 stipulate that financial institutions implement net value management when conducting asset management business,require the adoption of the fair value measurement principle,encourage Valuation by market value puts forward higher requirements for the accounting treatment of insurance asset management.Based on the requirements of the "New Asset Management Regulations",this paper explores the improvement method of the accounting treatment of insurance asset management,hoping to provide inspiration for regulating the accounting treatment of insurance asset management under the new asset management regulations.Based on the research of domestic and foreign literature on the accounting treatment of insurance asset management,this paper analyzes the current situation of accounting treatment of insurance asset management companies and finds that the accounting treatment of insurance asset management in my country is not standardized in accounting classification and subject setting,accounting measurement methods,valuation And there are many impairment methods,the fairness is not easy to determine,and the accounting reporting system is not standardized.In accordance with the requirements of the "New Regulations on Asset Management" for the accounting treatment of insurance asset management,this paper attempts to put forward ideas for improving the accounting treatment of insurance asset management,namely,standardizing accounting classification and subject setting,accounting measurement methods,valuation and impairment methods,accounting reports Four aspects of the system were improved.Then,taking Company A as a case company,combined with Company A’s 2018-2021 annual report to study its accounting treatment problems,the proposed accounting treatment improvement plan was applied to Company A’s insurance asset management products for comparative analysis and verification.Finally,the paper proposes that the accounting measurement of insurance asset management should adhere to fair value measurement and use the amortized cost method in accordance with regulations,and calls for a unified accounting treatment method and valuation method for insurance asset management,as well as a unified accounting reporting system.The main contributions of this paper are as follows: First,due to the lack of academic research on accounting treatment under the new asset management regulations,especially the insurance asset management,this paper enriches the research on the accounting treatment of insurance asset management under the new asset management regulations.Secondly,most of the current research on the accounting treatment of insurance asset management stays at the level of making suggestions.This paper proposes a specific improvement plan based on the analysis of the accounting treatment of insurance asset management of Company A under the new regulations on asset management,which can provide information for insurance asset management.Provide reference for companies to standardize accounting practices.