Attribute Of The Accounting Measurement Of Derivative Financial Instruments

Long-term since, our country accounting mainly adopts the historical cost measurement model,but with the development of economy, the financial market appeared bigger reform, the traditionalfinancial instruments derived based on a lot of new financial instruments, namely the financialderivatives, its value depends on its underlying commodity, interest rates, because the derivedfinancial tool has its own particularity, not suitable for use as a historical cost measurement attribute.In order to maintain the quality of accounting information usefulness and decision-making, thestandards setting organizations have recognized the use of fair value measurement attribute as thederivative financial instruments.Our country promulgated in2006and in2007listed companies in the use of the new accountingstandards, fair value accounting measurement attribute is the use of Chinese accounting standards andinternational accounting standards convergence is one important symbol. However, due to the globalfinancial storm, will be the fair value of derivative financial instruments in the application to turnwhite-hot degree. On the issue of accounting for exploration development law, perfecting accountingtheory, the promotion of accounting and other related discipline construction has important real sense.Based on the derivative financial instruments accounting measurement attribute as the researchobject, introduces the international accounting standards and our country about the derivative financialinstrument accounting standard of derivative financial instruments, and then from the perspective ofthe concept, analyzes the types and characteristics of derivative financial tools. Combined with thegeneral theory of accounting measurement of derivative financial instruments, analyzed themeasurement attribute choice, think of derivative financial instruments should be used as themeasurement attribute of fair value. Then has analyzed our country adopted the fair value of derivativefinancial instruments to the reality of the situation, there are some obstacles in the barrier, andproposed the solution suggestion, finally draws the conclusion, namely our country financialaccounting measurement attribute the development trend henceforth is in quite long time, the historicalcost and fair value coexist, but the future is single the fair value measurement model.