The accounting treatment of disability insurance includes the following three aspects:
1. Basic knowledge of accounting
1.Revenue recognition principles. According to the provisions of Accounting Standards for Business Enterprises No. 14 - Revenue, the amount of disability metal in the nature of ** subsidy shall be included in the profit or loss of the current period according to the actual amount received. Therefore, when the disability insurance funds are received, they should be recognized as an asset and accounted for in a timely manner after receiving the disability insurance funds.
2.Cost allocation method. Disability insurance expenses should be amortized based on the actual expenses incurred. Specifically, allocations and carry-forwards can be carried forward using methods such as the straight-line method or the declining balance method. Among them, the calculation formula of the straight-line method is:
Disability benefit balance at the end of the year = Disability benefit balance at the beginning of the year 1 - Accumulated amortization rate) + Accumulated amortization amount for the current year.
Accumulated amortization rate = (1 - estimated useful life Total useful life) 100%.
The estimated life refers to the life of the disability benefit and is usually estimated on an annual basis. In this example, assuming that the term of a company's disability insurance is 3 years, the cumulative amortization rate is (1 3 4 100% = 75%).
Second, the accounting process of disability insurance
1.Establish a system of accounting subjects. According to the actual situation of the enterprise, set up "accounts receivable", "other receivables", "long-term investment" and other related accounts to record the current payment of disability insurance funds. At the same time, set up accounts such as "** subsidy" and "non-operating income" to reflect the subsidy income given. In addition, accounts such as "pending charged" and "employee remuneration payable" should be set up to account for the flow of funds related to payment.
2.After receiving the disability benefit, the disability benefit received is recognized as an asset and recorded in the account. In accounting practice, accounts such as "bank deposits" and "accounts receivable" are usually debited, and "** subsidy" accounts are credited for accounting processing. For example, an increase in the debit amount of the "bank deposit" account indicates that the enterprise has received a disability insurance paymentThe increase in the credit amount of the "*subsidy" account indicates that the enterprise has recognized the income of this disability insurance fund.
3.When disability insurance is incurred, it should be amortized according to the actual circumstances of the disability insurance. The method of amortization can be selected according to the actual situation, such as the straight-line method and the declining balance method. In accounting practice, the straight-line method is generally used to calculate the amortization amount of disability benefits. For example, if the term of the disability benefit is three years, how much should it be amortized each year?We can determine the amortization amount for the current year by multiplying the current year's balance of the disability benefit by (1 - accumulated amortization rate).
3. Financial analysis of disability insurance
1.Analysis of disability income. By analyzing the income of the disability insurance fund, we can understand the support received by the enterprise and the importance it attaches to the enterprise. In addition, the disability insurance policies in different regions can be compared and analyzed in order to better formulate corresponding business strategies and policy adjustment plans.
2.Analysis of disability insurance expenses. Through the analysis of the expenditure of disability insurance, we can understand the proportion of various costs and expenses incurred by the enterprise in the operation process and whether there is an overspending. In addition, it is also possible to compare the disability insurance expenses in different business areas to identify existing problems and make improvements.