Research On Accounting Measurement Of Non-standard Assets In China

Since 2012,non-standard business has entered more and more people's sight.The business,with its low threshold,great flexibility and attractive high yield,has attracted many entities and financial institutions into the field.In order to guide the healthy development of the industry,the China banking regulatory commission on March 27,2013,issued on the specification on the commercial bank financing business investment operation of notice(silver JianFa [2013] no.8,"8" for short).The first definition of "non-standard assets" is made and the industry has been preliminarily regulated and guided.On April 27,2018,The people's bank of China,the banking regulatory commission,the CSRC,the CIRC,the exchange office Jointly promulgated the guidance notes on regulating the asset management business of financial institutions(referred to as "new regulation").,adopting the strategy of " dredging and blocking " to conduct further guidance to China's asset management industry.Because there are strict limits on loans to local government and real estate,they are in great need of funding,and The bank also has an urgent need to open up a new mode of financial services in the real economy.So the bank use financial funds and other means to actively engage with securities firms,futures,insurance,trust companies,fund subsidiaries,and the "shadow banking" arises at the historic moment.Relative to the interbank market and exchange market circulation of "standardization of creditor's rights assets",non-standard assets in our country has no uniform accounting standards,and the accounting elements of recognition,measurement and disclosure of information is far from enough.At present,the stock of non-standard assets in our country is amazing,and the historical cost is used to measure in the industry.The historical cost can only reflect the past transactions of information,so most of the accounting information of the non-standard assets can't reflect its real market value,which is not conducive to make investor confident or make trading market active.Standardized assets(such as bonds)have specialized trading,clearing and accounting standards,but the accounting measurement of non-standard assets is difficult to be fair.As non-standard assets become more and more important in financial market,improper accounting measurement may pose potential risks to financial market stability.Therefore,this paper decides to study the accounting measurement of non-standard assets in order to bring some help to non-standard accounting practice.There are few relevant literatures in the theoretical field of non-standard assets,So this paper decides to study the field.The first chapter mainly describes the research background,research significance,research methods and structure of the paper,and summarizes the innovation and shortcomings of this paper.The second chapter is the theoretical basis and literature review.At present,there are few studies on accounting measurement of non-standard assets in China.Considering that non-standard assets belong to financial products,the theory and research review of this paper mainly refer to the theory and research results of financial instruments accounting measurement.This chapter expounds the related concepts of accounting measurement and accounting measurement attribute,and reviews the progress of the research on accounting measurement of financial instruments at home and abroad.The third chapter is the overview of China's non standardized bond assets.This chapter expounds the concept of non-standard assets under the supervision and accounting,introduces the types,characteristics and current market status of non-standard assets,and further analyzes the difficulties and trends of non-standard assets circulation.The fourth chapter takes A insurance information management product as an example,and analyzes the general operation process and accounting measurement status of our non-standard business.The last part of this paper analyzes the problems of accounting measurement of non-standard assets in China,and puts forward suggestions for improvement.