The Impact Of The New Financial Instrument Standards On Financial Position And Asset Allocation Of Ping An

In order to solve the financial crisis exposed the "discretionary" in the classification of financial assets,impairment provision is too little and late,improve the quality of financial reporting information,the international accounting standards board released the IFRS9 in July 2014.In order to promote the enterprise accounting standards system revision,our country actively maintain full convergence with the international financial reporting standards to March 31,2017 revision issued the accounting standards for enterprises No.22-recognition and measurement of financial instruments,And will be implemented from Jan 1,2018.The implementation of the new standards is bound to have a significant impact,especially for financial enterprises with financial instruments as the main asset and liability,like large listed insurance companies in China.Understanding the impact and application effect of the new standards on insurance companies as soon as possible can help managers and investors make better decisions.Firstly,by summarizing and reviewing the research literature related to the classification and measurement criteria of financial instruments and their impacts,it is found that the current research on the new criteria is limited to the predictive research before the implementation of the criteria rather than the applicability and factual analysis after the implementation,and there is a lack of practical cases to support the prediction conclusions.The innovation of this paper lies in the selection of Ping An as a specific case for analysis based on the data after the implementation of the new guidelines,so as to enhance the applicability of the conclusions.Secondly,this paper adopts the case analysis method to compare and analyze the differences between the old and new criteria,and concludes that the main differences are the changes in the classification and measurement attributes of financial assets and the impairment of financial assets.Based on the 2018 annual report and the previous annual financial reports,the changes in financial data before and after the implementation of the new standards were compared and analyzed,and the impact of the changes in the new standards on securities companies' financial data and asset allocation was analyzed from two aspects.Finally,this paper summarizes the enlightenment,and put forward rationalization proposals,explain the shortcomings and prospects of the research.