The Impact Of IFRS9 On The Classification And Measurement Of Financial Instruments

IFRS9 Financial Instruments: Classification and Measurement was published by the International Accounting Qualitative Measurement Board to reduce the complexity of accounting standards for financial instruments and further improve the quality of accounting.It will be fully implemented in 2018 to replace the current IAS39 financial instruments: classification and measurement.The newly revised financial instrument standard uses the expected loss model as a new tool for the provision of impairment,replacing the existing loss method of the old standard,which can reveal and control credit risk in advance.At present,commercial banks are the main body of financial institutions in our country.As financial assets account for the vast majority of the assets of listed banks in our country,if the accounting standards for measuring financial instruments in our country converge with IFRS9,it will certainly have a greater impact on listed banks.Therefore,it is necessary to analyze the difference between IFRS9 and current financial instrument accounting standards in China and the possible impact of this international trend.Firstly,this paper reviews the development history of financial instrument accounting standards at home and abroad,compares and analyses the significant differences between the latest version of IFRS9 and the current financial instrument accounting standards in China.On this basis,taking a listed bank as an example,the specific impact is summarized as the impact of valuation and impairment,and the possible impact of the latest version of IFR9 on the financial reports of listed banks is summarized.According to the following ideas,the quantitative calculation is carried out: starting from the overall impact,the impact is divided into four aspects: bill business,equity instrument investment,asset securitization,outsourcing investment,and summarized into two areas: valuation and impairment.Finally,aiming at the impact of impairment and valuation on listed banks,some financial assets are selected for empirical analysis,using PEARSON correlation analysis,line.Sex regression and other methods.The research draws the following conclusions: The impact of IFRS9 on the classification and measurement of financial assets in China is not only reflected in the adjustment of classification scope andboundary,but also embodies the concept of information disclosure and risk marketization,and reduces the asymmetry of financial market information.From the results of empirical analysis,we can see that the discount rate data of SHIBOR plus trading point spread is better fitted in the valuation model;the ECL of expected loss in the impairment model is related to default probability,expected loss rate and risk exposure.