The Research For The Influence Of Available-for-Sale Financial Assets After Implementation Of IFRS9

The classification and measurement of financial instruments has its inherent complexity, it is more complex in the accounting issues, especially for classification of financial assets. Since the financial crisis in2008, due to the complexity of the existing International Accounting Standards and the pro-cyclical phenomenon, IAS39has been widely criticized in the international. Under the background, the promulgation of IFRS9is extremely important and urgent. After G20leaders reached a consensus, the International Accounting Standards Board announced EFRS9on November12,2009, which is the outcome of the first stage and replaced IAS39. On this basis, the article describes the differences between IFRS9and IAS39, and it finds annual data on the basis of the three listed insurance companies in China,and it suggests Chinese responses to IFRS9implementation of policy recommendations.The article is divided into six parts, each part is as follows:The first part,Introduction. From the Promulgated IFRS9, the article analyzes the international background and changes of IFRS9replacing IAS39.The paper uses comparative analysis, empirical analysis, literature, and so on, for the predictive analysis.The second part, the differences of IFRS9and IAS39, as well as Chinese enterprises accounting standards. This part details the differences between IFRS9and IAS39, the main difference is the classification and measurement of financial assets from the four major categories into two categories.The third part,the theoretical basis. This part mainly provides theoretical support for the impact analysis below from the economic consequences and empirical accounting theory. Understanding the economic consequences of concept is to understand the key issues of management for IFRS9implementation of response. The empirical theory of concern to managers is how to select accounting policies, as well as solicit the draft response behavior to select the new accounting standards. The fourth part,the Chinese insurance company financial assets and financial liabilities at present. This part collects the calculation of the average values of the various types for financial assets and financial liabilities and accounting for, that available for sale financial assets are classified and measured the new changes, which have a significant impact on total assets.The fifth part, influence of IFRS9to Chinese insurance companise. Available for sale financial assets in other comprehensive income affect the amount of margin is much larger than the amount of fluctuation of the impact of changes in fair value through profit or loss. This part selects from the economic consequences of management compensation, earnings management behavior of the theory predicts that managers and insurance companies.The last part,after the implementation of IFRS9insurance companies will face questions and some suggestions. In this part, Chinese insurance companies which apply IFRS9may encounter problems under analysis of the data base in the previous part, and is given the problem of policy recommendations and response measures.The main expected contribution is about the perspective of the Chinese insurance companies through a large number of relevant data, analysis of financial instruments of the insurance companies at present, and then study IFRS9how to affect the status of Chinese insurance companies. Chinese research about IFRS9in the immature stage is not grown-up, the study gives Chinese insurance companies future reference and a basis of decision-making, and provides theoretical reference for financial regulation and national policy-making.