Accounting Information Disclosure Of Listed Companies In Derivative Financial Instruments

In recent years, along with accelerating global financial innovation, a large number of financial derivatives are created and applied to speculate or evade risk. However, some failure cases reflect certain defects in the accounting information disclosure of financial derivatives. Especially under the global financial crisis, resulting from the U.S. sub-prime mortgage crisis, financial derivatives have been the focus of attention again and aroused a series of questions concerning the financial derivatives. Meanwhile, the new accounting standards issued by the National Ministry of Finance in 2006, explicitly stipulate accounting confirmation, measurement, record and report for the financial derivatives and shift-in the derivatives from the table into the form, which strictly regulate the derivatives business. But because the institutional and operational reason, there are still exist many problems in our accounting information disclosure of financial derivatives. For all of these, it is meaningful theoretically and practically in the research on accounting information disclosure of financial derivatives in china.In this paper, the author adopts standard researching methods in accounting information disclosure of financial derivatives as the research object. First, the paper states literature review in the terms of the subject; second, reveals existing problems in accounting information disclosure of financial derivatives, combined with financial reports of listed companies in China, and analyzes from the perspective of operation and system; Third, establish the theoretical basis for information disclosure of financial derivatives according to the Efficient Market Hypothesis, Asymmetric Information and Decision-making Availability; Fourth, by individually comparing foreign and domestic accounting standards for information disclosure, puts forward suggestions on how to formulate domestic accounting standards of information disclosure of financial derivatives; At last, on the basis of the present situation of listed companies in China, designs accounting information disclosure of financial derivatives:on on-report-information disclosure, enhances the table disclosed, mainly through improving the structure of financial statements and increasing the number of statements; while on out-report-information disclosure, designs in three aspects of financial derivatives accounting policies, fair value and risk information; on system, by constructing the related laws and regulations, improving the normative documents and accounting standards, perfecting information disclosure, establishes a superior monitoring mechanism in domestic information disclosure of financial derivatives.