Research On Amendments, Evaluation And The Impact On China Of IFRS9’s General Hedging Accounting

After the financial crisis, risk management concept gets unprecedented attention, and using derivatives to hedge becomes one of the major roads to avoid risk by enterprises. Derivatives contains risk, so, we began to comprehensive the negative effects of excessive innovation of derivatives, meanwhile, the hedging accounting standards had become the hot spot of financial regulation. Ensure that enterprise is able to faithful represent its risk management in the financial statements becomes the common goal of standard setting bodies and regulatory. As the business language to understand the enterprises, Once again highlight the importance of accounting.The research of hedging theory and formulation of accounting standards are relatively backward in china, which issue standards for hedging named CAS24. To implement the criterion for nine years, the application status reflects problems, as application scope is narrow, enterprise independent space is large, presentation and disclosure isn’t normative and unabridged. All of the problems can be attributed to market, standards and enterprise internal management level. The biggest problem is that the hedging accounting itself and its enforcement didn’t meet the requirements of enterprise risk management. It fails to meet the demand of enterprises which participating in hedging business to use hedge standards, which make the hedging accounting be controversial, therefore, the reformation of the hedging accounting and the standardization of hedging activities is imperative.The development of theory related with hedging is in the frontier by western countries, which actively promote the development of hedging theory and revision of hedging standards. In the context of the IASB overhaul IFRS9, it is necessary to actively participate in it. I think that the Amendments of IFRS9 is expected to have impact on relative standard revision, derivatives market, the quality of accountant, risk management and information disclosures of enterprises. So, learning from the experience of revision standards to match our economy environment, which is important to the development and improvement of hedging accounting theory and practice.