The Study Of The Derivative Financial Instruments Accounting

The dissertation deals with accounting for derivative financial instruments,main topics of which include the recognition,measurement,disclosure and so on,and puts forward some issues that we should pay attention to in our establishing such standards. The dissertation is comprised of four chapters.The dissertation introduces the definition of the derivative financial instruments which the IAS39 gives in the Chapter 1,in order to get a simple understanding.Why the derivative financial instruments bring the accounting theories field and actual situation field about a big impact is that the peculiarities of its appearance and the process of the business is that we never have seen before,that is the discussion point in the Chapter 1. Comparing with the basic financial instruments,the derivative financial instruments have the peculiarities as followed(l)The derivative financial instruments are depended on the basic financial instruments;(2)The value of the derivative financial instruments showes an obvious fluctuation;(3)The business of the derivative financial instruments attributes go credit business,which has leverage;(4)Using the derivative financial instruments can elude the risks in a certain extent;(5)The derivative financial instruments have very supernal risks;(6)The conformation of the derivative financial instruments is very complex,which is difficult to understand to common investors;(7)The business of the derivative financial instruments showes dummy;(8)The business of the derivative financial instruments showes uncertainty.The dissertation mostly discuss that the appearance of the derivative financial instruments brings the traditional acounting theory about a tremendous influence,behaving as followed(l)As unexecutive bargains,the derivative financial instruments don't accord with the past occurrence rule which the financial reports emphasize,so they are not the proper asset or debt,and can't be reflected in the financial reports. (2)The value of the derivative financial instruments is fluctuated constantly. Because the fluctuation can't be reflected under the historical cost priciple,the traditional accounting measurement mode has a great localization. (3)Owing to not according with the definition of the traditional financial reports essentials,the business of the derivative financial instruments can't be reflected in the financial reports but to make a simple explain in the financial reports annotations. This makes a huge challenge to the traditional financial reports.Basing on the above cognition,the dissertation describes the accounting recognition,measurement and disclosure of the derivative financial instruments by the numbers,along with several points in accounting managements in thefacts in Chapter 3 and Chapter 4,including(1)Under the betterment of thefinancial reports essentials definition, the dissertation puts forward theaccounting recognition standard of the derivative financial instruments,that isunder the business of the derivative financial instruments,when the contract isconcluded,it should make an early recognition according to relativity principleand the factual diversion of the risk and the reward. (2)The dissertation putsforward the accounting measurement attribution what adapts the peculiarity ofthe derivative financial instruments,fair value measurement attribution,and theconfirmed means. (3)the dissertation puts forward the financial reports whatadapt the derivative financial instruments,namely.decompose the derivativefinancial instruments to the basic financial instruments and bring it into thefinancial reports by force in the correlation standards. At the same time,thecorporation what has the business of the derivative financial instruments shouldadd a sheet that adapts the special requisite of the derivative financialinstruments,and explain it particularly in the financial reports annotations.(4)Before dealing with the business of the derivative financial instruments,itshould be make clear...