Concerning Financial Instruments Accounting Standards On The Influence Of China's Banking Industry

International convergence of accounting standards is a national economic development and economic globalization, the inevitable choice. February 2006, an official from the Ministry of Finance issued the "Accounting Standards for Enterprises 2006", built with substantial convergence with International Financial Reporting Standards The Accounting Standards. New guidelines by a basic standard and 38 specific criteria, of which "Financial Instruments Recognition and Measurement", "transfer of financial assets," "hedge," "Financial Instruments Presentation and Disclosure," the four operations on financial instruments accounting standards referred to as financial instruments accounting standards. This is the first financial instrument standards, detailed provisions on the classification of financial instruments, recognition, measurement, presentation and disclosure of financial instruments to fill the country criteria in the development and operational gaps. Through the analysis of listed companies 2007,2008,2009 The results show that Chinese enterprises listed companies accounting standards achieved in the sustained and stable and effective implementation. The effective implementation of corporate accounting standards of listed companies not only withstood the test of practice, but also by the IASB, the World Bank, the European Union and other international assessments to verify and obtain a high degree of certainty. However, when the majority of China's accounting standards by skilled practitioners to understand and use familiar, international financial crisis, and on international accounting standards, particularly international financial instruments criteria to a higher demand. April 2,2010, the Ministry of Finance issued the "China Accounting Standards and International Financial Reporting Standards Chixu convergence road map" (hereinafter referred to as the road map) to the realization of China Accounting Standards and International Financial Reporting Standards continued convergence. This article describes the background to the introduction of financial instruments standards, the main contents and characteristics of financial instruments accounting standards and related specifications of the original comparison, and the criteria of financial instruments, the differences with the international fashion norms and standards of the banking situation in using financial instruments to do some introduction.Then study the financial instruments accounting standards on the impact of China's banking industry, to five A-share listed Chinese banks, for example analysis of the financial instruments accounting standards on the impact of China's banking industry. And standards on financial instruments from the profit of China's banking industry, the financial instruments accounting standards on accounting information disclosure of the impact of the banking industry proposed countermeasures of our banking.The last part describes the standards of international financial instruments, dynamic tracking and the expected outlook for China's banking industry. First of all norms of international financial instruments, the dynamic tracking. Standards of financial instruments and then the trend forecasts, and propose the expected outlook for China's banking industry. Finally, to clarify China's banking industry cope with the international standards of financial instruments change measures. Include:actively respond to changes in international financial instruments standards and China's banking industry changes in response to the international standards of financial instruments specific measures, such as strengthening the professional quality of employees, enhance access to and use of fair value based on the environment and improve the bank's risk management, implementation strict internal control system. Previous scholars more oriented to pure research, while the 5-listed banks this example of standards on financial instruments, the impact of China's banking industry. At the same time this track of the latest international standards of financial instruments, and to explore such changes have on the expected impact of China's banking industry and the corresponding response. But because I have not actually worked in a bank, put forward views and suggestions may be too theoretical. As criteria for the complexity of financial instruments, this article analyzes the criteria for recognition and measurement of the impact of China's banking industry. At the same time as the international standards for financial instruments, changes from time to time, the paper analyzes the expected standards of financial instruments change the impact of China's banking industry is a personal point of view, may be reviewed from the perspective of the future is not very accurate.