Research On The Influence Of Derivative Measured In The Statement To Corporate Financial Risk

Since China joined the WTO, the domestic financial market gradually opening up, and the derivatives have been used more and more in Chinese enterprises, especially listed companies. In the old accounting standards, derivatives are only disclosed as factors of off financial statement, and the disclosure of the contents is very limited and irregular. Conformed to the trend of development, derivatives are affirmed and measured as a factor of the statement in the new accounting standards. That the situation of fair value changes and the impact of corporate profit and loss fluctuations in the holding period are listed in the statement. A problem that what economic effect would engender when derivatives measured in the statement in the enterprise occurred. Based on this consideration, this article research the influence of derivatives measured in the statement to corporate financial risk.Firstly, on the basis of the relevant research results at home and abroad, some of the concepts and theories are expounded about derivatives and financial risk in this article. Then the author analyses the content of derivatives measured in the statement and financial risk factors. Second, this thesis adopts normative analysis method, analyzes the influence from the angle of process, result and entirety. It can timely reveal the implicit risk and provide a workable means for measuring and evaluating corresponding risk. But companies also may make use of this rule to adjust their profit and loss of man-made causes in order to conceal their true financial risk reflected by financial conditions. Again, this thesis adopts case analysis method, tests the actual impact on the financial risk of the derivatives internalized in the statement, found that the influence of the derivatives internalized in the statement is obvious on the profitability and growth, while which is unobvious on the solvency and operation capability. At last, the thesis presents recommendations and countermeasures on the basis of theoretical analysis and case studies. These measures are about market environment, accounting standards, fair value measurement and monitoring, and the influence on the profit or loss of the derivatives measured in the statement, which can provide a useful guide for the improvement and implementation of derivatives accounting.