Study About Financial Asset Control Self-Assessment Of Listed Company In China

In February 15,2006, the Ministry of Finance issued 38 specific criteria and the basic norms the new set of accounting standards.one of the basic norms is《The Confirmation and Measurement of financial instruments》,Compared with the accounting system, the criteria for classification,recognition,measurement and impairment of financial assets change so many and has brought great influence on enterprises, especially financial and insurance industry.Firstly, used comparative law to analyze major changes about financial assets,and find the changes focus in two aspects, one of the changes is that financial assets are classified from four aspects basing on the purpose of holding instead of the criterion of time of holding; the other change is the fair value measurement, and then analyze in detail the changes which impact on financial statements.Secondly, this paper analyzes the financial risk about the financial asset after the new revised criteria, and then brings forward the target, procedures and methods of assets internal control evaluation.Thirdly, based on standardize research and empirical study, analyzes the relations between Earnings sustainability of the financial asset and disclosure situation of information of financial assets about listed companies in China, using the statistical analysis,analyzes the financial assets listed companies in China, finding that he financial assets concentrate mainly in the financial and insurance Industry, and hold species diversity of financial assets, and then analyses the internal control of financial asset about financial insurance Industry by using empirical research method, verifies the relation between the Earnings sustainability of the financial asset and disclosure situation of information of financial assets listed company in China in 2008, the results show that in the financial and insurance industry, there is strong linear relationship between Earnings sustainability of the financial asset and disclosure situation of information of financial assets.Finally, based on the existing problems of financial assets internal control evaluation in the listed companies in China,we puts forward Suggestions, such as perfecting theory of financial assets, strengthen internal control evaluation about internal control of financial assets, and further perfect information of accounting standards and so on.