A Study On Measurement Of Financial Instruments

Financial instruments accounting is a popular and focus issue in present financial accounting. The continual innovation of financial instruments gives a great challenge to traditional accounting theory. Under the traditional accounting theory, many company immersed in financial dilemma due to they engaged in financial instruments transaction. But then- financial report displayed "good" management performance and "health" financial situation. This is a good case. Measurement is the key of the entire accounting information system. It's also the key and focus of financial instruments accounting. Following more and more financial instruments has been innovated, there are deep theoretical and practical significance in researching how to choose measurement mode of financial instruments appropriately. Therefore, starting with theoretical research of financial instruments measurement, this paper concludes the most appropriate measurement mode is fain value, combining with present accounting surrounding as the realistic basis. This paper chooses IASC and FASB related accounting standards, analyses them and advances existing problems, causes and that should be improved in drawing up measurement of financial instruments accounting standards. Draw lessons from it, the paper analyses the present situation in china, and puts forward corresponding countermeasures, aiming at the existing problem. This paper is divided into five sections.Part one: the summary of financial instruments. It discusses commonsensible concept ional question of financial instruments. And then introduces the concept and category of financial instruments. This part is the concept preparation in probing into measurement of financial instruments.Part two: accounting measurement theory of financial instruments. It's the most important part in this paper. Firstly, starting with the historical review of accounting measurement in brief, it indicates accounting measurement is an important situation in entire accounting system. Then it draws a conclusion that it is necessary and importantin studying measurement solely. Secondly, it introduces and analyses five kinds general approving measurement properties. At the same time, combining with the character of financial instruments, it puts forward fair value is the most appropriate measurement mode, according to financial instrument, at the respects of theoretical and realistic practical. In the end, it probes into fair value concept and calculation further.Pant three: international research achievements of measurement of financial instrument. It's also the important part of this paper. Beginning with recognition, the paper introduces, the principles of recognition of financial instruments accounting briefly. It introduces financial instruments measurement study achievements of IASC and FASB respectively. Comparing and appraising them, the paper concludes that there are more identical than different between IASC with FASB in measurement standards. At the end of this part, it synthesizes the new study achievement in the world, and obtains some new tendency in measurement of financial instruments.Part four: this part introduces how to determine and list fair value variation of financial instruments.Part five: discuses on the present situation and prospect of measurement of financial instruments in china. It introduces the present situation and analyses the causes deeply and multi-prospectly. The ultimate purpose is to give some advice in improving measurement presence of financial instrument in our country.