Study On The Classification Of Financial Assets’ Determinant Factors

Since FASB115 enacted, the division of financial assets thinking with the intention of management have more and more worldwide recognized. The intention of management as the division standard of the accounting concept solves the problem of financial asset ownership and classification of measurement problems, however, the classification method of measurement, with a certain degree of subjectivity and difficult verification, so the users of financial reports or other stakeholders from the financial statements themselves are very difficult to visually distinguish classification of financial assets of the enterprise whether to follow the requirements of the accounting standards. The accounting standards add "other comprehensive income" in the profit statement in 2009, to further prevent the enterprises use the management intention manipulate earnings phenomenon. However, the actual effect of the adjustment has not been validated on data. Based on this context this article expanded research in the decisive factor financial assets classification, to provide appropriate data reference or decision-making guidelines for financial accounting standard setters, business managers and other stakeholders.This paper introduction roughly divided into five parts, such as basic, theoretical basis, financial assets held situation and impact analysis, empirical analysis and suggestions. Empirical analysis is a core part of this paper. The part of empirical analysis is based on Shanghai and Shenzhen 300 index data from 2009 to 2012 in that context, eliminate financial enterprise data which is widely different from general enterprise and some other irrelevant factors influence, with the help of testing the authenticity and uniqueness of expression of the purpose of management, combined with other factors that may affect the classification of financial assets,and then, carried out inspection on the decisive factor for the classification of financial assets for a more in-depth research, finally, select the data from listed companies in Shanghai and Shenzhen in 2013 carrying stability test. We found that the dominant factors are not the intention of management, and not earnings management, but the proportion of holding the asset class, through empirical analysis of the classification of financial assets. According to research findings, the author from the convergence of accounting standards financial assets, standardizing accounting procedures and internal control and external audit perspective of enterprise financial assets put forward the corresponding countermeasures and suggestions.The Selection of the research object and the correction of performance pressure index and performance stability index are the innovation of this article. At the same time, this paper also has many deficiencies, such as comparative studies focusing on common classification of financial assets, in addition to rejecting the financial industry, this paper did not give much thought to the difference between the industry, we hope to have more follow-up and deeper points industry research studies.