Research On Issues Of Derivative Financial Instruments Accounting

In the1970s, the brin woods system has been collapse, fixed interest rate hasbeen changed for floating rate substitution, global financial trade has been changedand oil crisis has happened, these factors increase the risk of financial markets,leading to the birth of derivative financial instruments. Since its produce has beenused to avoid risk, speculative arbitrage, etc, on one hand it lead to the countries allover the world having great benefits, on the other hand, due to the improperoperation,it also brought great loss.Therefore, a series of documents by the financial accounting standards board,the international accounting standards board releasing, used to the derivative financialinstruments accounting problems related to standard. In addition, Chinese ministry offinance in February15,2006promulgated the new enterprise accounting standards,which has four related financial tools, number22,23,24,37, this four criteriarespectively in accounting recognition, measurement and disclosure in the rules.Although derivative financial instruments in developed countries already havedecades of development, but in the development of our country is still in its infancy,the study of the accounting problems also lags behind relatively, and not for furtherexploration. So, it is necessary for the related accounting problems for research. Facea variety of financial market and diversification of derivative financial tools, our current urgent need to do is to make a comparison of standard accounting rules,improve and perfect financial market, promote the development of derivativefinancial tools innovation, speed up the development of capital markets.This article is divided into six parts in the structure:The first part mainly elaborates research background and significance ofderivative financial instruments, and the related research achievements are introduced,finally, research methods and research ideas of this article. The second part definesthe concept of derivative financial instruments accounting and finance, characteristicsand classification, and its development situation in our country were introducedbriefly. The third, forth, fifth respectively expounds the derivative financialinstruments accounting recognition, accounting measurement and disclosure issues.The sixth part brings forward some relevant countermeasures, in order to promote thedevelopment of derivative financial instruments in our country.