Research on Accounting Problems of Industry Investment Fund in China
|School||Tianjin University of Finance and Economics|
|Keywords||Industry Fund Operational risks Performance Evaluation Information Disclosure|
Industrial Fund is a new investment and financing tools to adapt to the current development of China's industrial structure adjustment and the growth of new industries. China's first branch in Asset Investment Fund - Bohai Industrial Investment Fund commenced operations entered a new stage marked the development of China's industrial fund. In order to better promote the development and growth of the industry fund, the clear industry funds during the operation of all aspects of the rules is crucial, and accounting rules which on the one hand. One of the characteristics of the industry fund investors idle funds raised by the specialized agencies and professionals according to the principle of portfolio investment, and strive to reduce risk, investors maximize return on investment. This form of investment does not avoid all risk, technology risk, market risk, management risk, financial risk still exists. Take risk transfer, risk control, risk retention and other measures to prevent or reduce the risk during the operation of the industry fund, to ensure its smooth operation of the key. Specific to the financial and accounting aspects of the control measures, including two points: strictly regulate invested enterprises accounting system, establish and improve the internal control system and corporate governance structure; participate in investment enterprises audit requirements is invested enterprises regular disclosure of financial reports and external audit reports. The industry fund accounting information disclosed can learn the provisions of the Securities Investment Fund, expressly disclosed sheet disclosed. China has not yet relevant laws and regulations specific form of industry fund industry fund can start with the enclosed started on the basis of the securities market, and gradually transition to the open. China's open-end fund cost information disclosure is also flawed, industry funds in the development of special provisions should pay attention to absorb the lessons of securities investment funds, the format of the Consolidated Fund for the cost of information disclosure, and earnestly safeguard the legitimate rights and interests of investors. Industry fund performance evaluation of fund managers, investors, finance companies have great significance, which fund managers, the industrial fund performance evaluation (including historical performance evaluation and performance evaluation) for the accounting goals provide the foundation, accounting objectives provide the basis for the industry fund performance evaluation. For investors, finance companies, the industry fund performance evaluation is to determine whether the value of its investments, whether further financing standards. Therefore, the industry fund information disclosure should be included in the project the industrial fund performance evaluation reports, in order to meet the needs of all parties. In addition, all of the above accounting practices are reasonable and effective regulatory approach under the premise.