Research On The Effect Of New Accounting Standards Of Financial Instruments On Chinese Listed Banks

Since reform and opening in China economic development in faster, but our country enterprise accounting did not keep pace with economic development steps. China's original accounting standards and international accounting standards differ greatly. That was hampering our country enterprise go abroad. Especially the accession to the wto, accounting system reform growing calls. So the Treasury in 2006 released new accounting standards, in order to make our accounting standards as soon as possible, and the international community, promoting China's economic quickly into the world economy in.January 1, 2007 up, new accounting standards takes the lead in the listed Banks promulgation. China promulgated in the new accounting standard comprehensive lessons from the international accounting standards "IAs39 - financial tools: recognition and measurement of financial instruments IAs32 - with the disclosure of presentation,", according to the actual conditions in China, the ministry of finance promulgated the accounting standards for enterprises no. 37 - financial tools presentation, accounting standards for enterprises no. 22 - recognition and measurement of financial instruments, the accounting standards for enterprises no. 23 - the transfer of a financial asset and accounting standards for enterprises no. 24 - hedging ". The four financial tools on the accounting standard is the most relevant, with Banks to banking's most influential, which we call the new accounting standards - the financial tools. The four criteria of accounting standards is very nice complement to existing accounting standards and fill the old rules about financial tool without the blank.This paper studies the new accounting standards - financial instruments, and the main innovation of the new method was used to study the empirical accounting standards - the financial tools for implementation effect of listed bank. The results of the study show that although new accounting standards - the financial tools of performance, at present the influence of China's listed bank is very small. But, as financial instruments listed bank in the wide application of listed Banks, its influence cannot small gaze. Especially in fair value application in the financial derivatives, give listed Banks metering brings management idea, system and basic work operational multi-level change. So, how to apply in more new guidelines reduce its negative consequences is bite to solve the problem. In order to cope with the challenge of new standards, in order to better implement new standard, China's listed bank wants to challenge from three aspects. From the bank's development level of a consideration, listed Banks from preventing risks, business management, information disclosure aspects have higher requirements; 2 it is accounting treatment level, from the thought idea, accounting personnel professional degree, accounting treatment programs into new standards etc; implement with Three is financial institutions supervision level, financial regulators according to the specific conditions to develop new regulatory standards of the bank's risk, to control. Only in this way can we better implement new accounting standards, can we make our country commercial bank has developed into the world first-class bank opportunity.