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论文编号：	4402
作者编号：	2120092850
上传时间：	2012/6/8 9:24:00
中文题目：	基于现金流量的寿险公司财务评价指标体系研究——以中国人寿保险公司为例
英文题目：	Financial evaluation index system of life insurance companies based on cash flow--Take China Life Insurance Company as an example
指导老师：	陈国欣
中文关键字：	现金流量，财务评价，财务指标体系
英文关键字：	Cash Flow; Financial evaluate; Financial Index System
中文摘要：	当前，随着资本市场不断完善，投资与筹资手段复杂化，投资方向多样化，导致企业经营的不确定性和风险性不断增加，不少账面利润非常高的企业都出现在短期内破产甚至倒闭的现象，其中一个最主要的原因就是高额利润背后缺少充足的现金流量作为支持。现行的财务评价指标体系建立在权责发生制的基础之上，以会计利润为核心，在目前的经济环境和会计制度下企业的财务状况和经营成果已经不能得到真实的反映。但现金流量表作为企业一定会计期间内现金和现金等价物流入和流出信息的提供者，直接反映了企业特定时期内的现金变化情况。管理者、投资者如果想要准确及时地掌握企业经营的相关情况，就必须使用现金流量表的数据进行分析，构建一套全面的、系统的财务评价指标体系也就显得尤为重要。中国保险行业自二十世纪九十年代以来快速发展，业务规模不断扩大，法律法规逐步健全，监管水平不断提高，中国政府和保监会为中国保险行业提供了有力的支持和有效监管。截止至2011年，我国已有寿险公司61家，产险公司57家，保险业已经成为国民经济的一个重要行业。因此，从财务的角度评价保险公司经营情况和财务健康状况的好坏也变得举足轻重，尤其是对保险公司的现金流量进行分析和管理，更是得到财务界和保险界专业人士的高度重视。本文介绍了保险公司现行财务评价指标体系的基本内容以及缺陷，并对中国人寿保险公司现行的财务评价体系进行了具体的案例分析，通过分析发现其存在的问题和不足，从而建立了一套以现金流量信息为基础的寿险公司财务评价指标体系。与此同时，也对中国人寿的具体情况进行进一步分析，最后通过两种体系分析结果对比，得出结论：（1）保险公司现行财务评价指标体系存在一些不足，甚至存在不能反映企业真实经营状况的可能性；（2）通过将中国人寿保险公司2006年至2011的财务数据作为样本进行分析，结果表明基于现金流量的财务评价指标体系得出的结论更加准确，更加接近事实。
英文摘要：	At present, the capital market continued to be refined, the complex of investment and means of financing, which bring about increase in the business uncertainty and the risk of enterprise management. Many companies owning high profit bankrupt, even collapse suddenly in a relatively short period of time. One of the most important reasons is that the high profit has not enough cash flow as a support. The current index system which seems “accounting profit” as the center can’t correctly reflect the financial position and operating results. However, the cash flow statement as a provider of information of cash inflow and outflow in a certain accounting period, directly reflects cash changes within the firm-specific period. Managers and investors who want to accurately grasp the company's operating and financial condition, must analyze the data from the cash flow statement. So, it seems to be especially significant to build a comprehensive and systematic financial index system. China's insurance industry has a rapid development since the 1990s. Businesses have been expanding gradually. Laws and regulations have been gradually perfected. Regulatory standards have a continuous improvement. The Chinese Government and Insurance Regulatory Commission provide a strong support and effective supervision for the Chinese insurance industry. There are 61 life insurance companies and 57 property and casualty insurance companies in China by 2011. The insurance industry has become an important industry in the national economy. Therefore, the evaluation on the quality of the insurance companies and financial health has become pivotal, especially the insurance company's cash flow analysis and management, and attract many financial and insurance professionals. This article describes the basic contents as well as defects of the insurance company's existing financial evaluation index system, and makes specific case studies on the current financial evaluation system in China Life Insurance Company Limited. By analyzing its limitations and deficiencies, the author establish a life insurance company financial evaluation index system based on cash flow information. At the same time, it makes some more further analysis of the specific situations of China Life, and finally through the comparison of the two systems and drive the following conclusions: (1)The insurance company's current financial evaluation index system has some shortcomings, even does not reflect the real operating conditions of enterprises; (2)By using China Life Insurance Company’s financial data from 2006 to 2011 as samples for analysis, the results show that the financial evaluation index system based on cash flows is more accurate and closer to the truth.
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