Research On Accounting Information Disclosure Of Investment Financial Assets Of Listed Companies Under The New Financial Instruments Standard

In 2017,the Ministry of Finance issued the Accounting Standard for Business Enterprises No.22-Recognition and Measurement of Financial Instruments(the new standard).The new standard has fundamental changes in the presentation of items and measurement attributes,but when listed companies disclose accounting information on investment financial assets,there is a certain deviation from the requirements of the new standard.This article studies the equity investment and debt investment that are greatly affected by the new standard,that is investment financial assets.The core research question of this article is: Do listed companies regulate the implementation of new standards when disclosing investment financial assets? The specific research questions in this article are:(1)What is the current status of listed companies' investment financial assets disclosed under the new standard?(2)What are the problems with the information disclosure of listed companies' investment financial assets under the new standard?(3)What are the causes of problems when listed companies disclose investment financial assets based on the new standard?(4)How to regulate the disclosure of investment financial assets by listed companies based on the new standard?Research methods and ideas in this article: This article uses literature research methods,case research methods and normative research methods for research.First,this article selects the representative real estate industry as the case industry.From the perspective of equity investment and debt investment,it summarizes the information disclosure of investment financial assets in the real estate industry under the new standard,and analyzes and judges the specific disclosure in accordance with the terms of the standard.The compliance of the situation,combined with the quality requirements of accounting information,summarizes the information disclosure of investment financial assets of listed companies.Secondly,aiming at the above problems,summarize the causes of the information disclosure of investment financial assets of listed companies.Finally,it puts forward suggestions to regulate the disclosure of listed companies' investment financial assets.The research in this paper found that:(1)The real estate industry's disclosure of equity investment information based on the new standard has significantly changed more than debt investment.(2)There are irregularities in the implementation of the new standards by listed companies,including the incomparability of accounting information of different listed companies in the same period,the poor understanding of the adjustment information disclosed,the failure to use fair value measurement attributes as required,and the obvious items presented error.(3)Reasons for listed companies not to implement the new standard include the difficulty of fair value measurement required by the new standard,and some of the provisions of the new standard are still not perfect;the regulatory authorities have little supervision on the quality of information disclosure and the interpretation of the new standard Insufficient explanation;the quality of financial personnel of listed companies is not high.(4)The terms of the guidelines,regulatory authorities and listed companies have been improved and improved,which can effectively regulate the disclosure of accounting information of investment financial assets by listed companies.The research value and enlightenment significance of this article: As the real estate industry is representative in investment financial assets,it is used as a case industry to study the problems that arise in the process of listed companies disclosing accounting information for investment financial assets based on the new standard The new standard has certain reference significance for improving the quality of information disclosure of investment financial assets.At the same time,this paper combines the quality of accounting information disclosure with the new standard,and uses case studies to study the disclosure of listed companies' investment financial assets and the measurement attributes based on the new standard,making up for the gaps in the existing literature.