Research On The Disclosure Of Accounting Information About Hedge Accounting In China

Although.the necessity of the existence of hedge accounting has been in the argument all the time, in2010the new director of IASB raised the request,"reconsider the proposals of hedge accounting", and treated it as one of the key work field in the future of the IASB; IASB roundtables on hedge accounting were held in Shanghai and Beijing in February2011, so we can see that IASB will not abolish standards about the hedge accounting. Realizing the convergence of international accounting standards is one purpose of our accounting standards revision. So the standards of hedge accounting will exist for a long time in our country. In order to keep up with the pace of the revision of the international accounting standards and learn from the experience of the revision of the international accounting standards, learning and teasing international accounting standards about hedge accounting are very necessary. There is not much experience of the application of the hedge accounting standards in our country. At the same time, as we know hedge accounting is also one of the most complicated part of all accounting issues. Not only revising the standards but also executing is very difficult. There are many problems in applying the hedge accounting at present in our country. We need some solutions to solve those problems for enterprises. So we believe it is very important to do an applied study on this urgent and significant accounting issue.Reviewing the revision of international accounting standards about the disclosure of accounting information about hedge accounting and standards of hedge accounting in our country is very helpful at present. Simultaneously, the thesis have analyzed the current disclosure status of listed companies of Shanghai A-share and find out the existed problems and causes. At last come up with some viable and pertinent solutions of these problems in order to make some contributions to improving the disclosure of accounting information on hedge accounting in our country.There are five sections in this thesis:The introduction section mainly expatiates on the background and the significance of this study, research ideas and methods. Then the research gives current positions of researches on hedge accounting both at home and abroad. At last the research.The second section is the basis of the thesis. On the base of distinguishing and defining the conceptions that are related to hedge accounting, the paper expounds the necessaries of disclosing the information on the hedge accounting. Then the paper introduces the developmental course of hedge accounting disclosure standards, including the description of the standards of hedge accounting of IASB/IASC and CAS. This part also contents the development process and explains our country accounting standards of hedge accounting including recognition, measurement and disclosure that are the contents of CAS24and CAS37.The third part is about the actuality of the disclosure of accounting information about hedge accounting. Firstly, the paper analyzes the general situation of listed companies of Shanghai A-share, industry distribution and so on. Then according to the disclosure in the financial reports, this part describes the essential information about the disclosure of hedge accounting. The disclosure include hedging relationship, the fair value of hedging instruction and hedged item.The forth part will show the disclosure problems of listed companies in our countries and analyze the causes. Because the application of hedge accounting is not extensive in our country and lack the supervision, there are some problems in the disclosure of accounting information about hedge accounting. The problems include the disclosure lack pertinence and details. At the same time the items using in the disclosure is not accurate and the position of disclosure of fair value is not accordant.The last section will draw some advices’that are helpful for companies disclosing the information about hedge accounting. According to the problems in the former part, this part will give advices on standards revision and execution.