| On Feb.15th,2006,China Ministry of Finance issued the new accounting standards for Business Enterprises. And among the 38 concrete rules, there are 4 concrete rules especially involved in financial instruments. The standards of financial instruments stipulated the classification,recognition,measurement,reporting and disclosure of financial instruments in detail. So accounting information disclosure in banking industry has made a unified standards. There is a larger choice space in classification and re-classification, fair value options, provision of financial assets impairment, risk disclosure of the financial instruments. The managers of the banks can use them to coordinate and balance safety,liquidity and profitability of capital.Therefore,it is worth concering that the accounting information of commercial bank whether reflects its capital fluidity, security and profitability or not.This paper describes the research status of the domestic and international accounting standards of the financial instruments, analing the influence of accounting policy choice of commercial bank.On this basis, the author selects shenzhen, Shanghai pudong development bank, Huaxia bank, Minsheng bank and China merchants bank as cases to reflect the bank's flow ratios, capital adequacy and net assets yield, then analing accounting policy implementation effect of commercial bank. Through the sample bank's financial data from 2005 to 2009, the author calculated and contrasted the financial indicators,concluded that the choice of accounting policies of commercial Banks impacts liquidity, safety and profitability .In order to control the enterprise using financial instruments of policy choice space to gain deal,and improve the usefulness of accounting information, this paper drew lessons from international accounting standards on financial tools relevant provision, and combined with actual situation in China, then put forward several suggestions on improving financial instruments accounting standards. |
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