The Research On Accounting Information Disclosure Of Derivative Financial Instruments In Commercial Banks

As one of the products of financial innovation, derivative financial instrument has achieved rapid development in our country since the 1990s. Derivative financial instrument is to avoid financial risk, but it also brings about huge gains and a lot of concealed risk for the operator because of its high leverage and uncertainty. It can bring huge losses to the user once the improper operation. The commercial bank is a major operator of financial derivatives in our country, it bear the huge gains and risks associated with financial derivatives. Bank regulators need to strengthen its supervision of commercial banks in order to regulate derivatives transactions of commercial banks more efficiently, while improve the quality of derivative financial instrument accounting information of commercial banks is an important measure. In order to do the research on accounting information disclosure of derivative financial instruments in commercial bank and make suggestions, the author do the study on the basis of absorbing existing research and collecting large amounts of data on financial instruments accounting.The author intends to do the research by the method of normative research, literature analysis, sample statistics, comparative analysis methods. Through a large number of derivative financial instruments summarized literature, on this basis, the author selects the 16 listed banks as a sample for statistical analysis. By introducing the annual report data of the last three years and taking to build charts and quantitative manner can analyze the situation in a more deep way. Quantitative analysis will do a full complement for qualitative analysis,thus the author can discuss the topic of derivative financial instrument accounting information disclosure more deeply. From the angle of the management of the banks and the external environment analysis, I put forward some innovative suggestions for improvement. The article combines statistical data with normative research and combines theory with the actual situation so as to avoid the shortcomings of theoretical analysis.The author will do the research following the ideas of identifying problems, analyzing and solving problems. On the basis of literature research and data on the absorption of some scholars, the author selects a sample of 16 listed banks and introduces the annual report data of the last three years. Through the study of the status quo of accounting information disclosure about derivative financial instruments in China's listed banks, the author finds some problems. The main problems are: information disclosure is not timely, the form of information disclosure is single and the format of disclosure is non-standard, the content of risk information is not sufficient, the content of fair value is to be improved. To solve these problems, the author analyze the causes of problems on the basis of collecting literature and normative research. China's existing accounting information disclosure system restricts the timeliness of information of derivative financial instruments. There are some design flaw in existing financial statements. The high risk of the derivative financial instrument and the awareness of commercial banks is not high.There are many difficulties in the acquisition and confirmation of fair value. The accounting criterion is imperfect and the supervision is inadequate in our country. Combined with the reasons of the problems, I put forward recommendations in five aspects: introduce the real-time financial reporting system and improve the efficiency of disclosure, improve existing reports and innovate the form of disclosure, strengthen the risk management and improve the adequacy of risk information notes, improve the valuation techniques and improve the level of disclosure about fair value information, develop guidelines and improve supervision.