The Influence Of The New Financial Instrument Criterion On Companies' Accounting

As the world economy develops,the trend of global integration continues to increase.Since the 1990 s,relevant standards setting institutions have started to study,and the international accounting standard No.39,known as IAS39,has emerged on the recognition and measurement of financial instruments.But since the financial crisis of 2008,the IAS39 has been reignited by a lot of the inconveniences of understanding and application.Under this background,the international financial reporting standards namely IFRS9 also formally issued,with its easier to understand,the characteristics of a more scientific by national accounting practitioners and in use today.For China's accounting standards,since the reform and opening up,China has been continuously and deeply promoting the convergence of accounting standards,striving to achieve early integration with the international standards in accordance with China's national conditions.In 2017,the revision of the revised accounting standard No.22 is an extremely important step in the process of accounting standards and international convergence in China.This article obtains from the analysis IAS39 and IFRS9,in-depth analysis of the differences,for the present situation of our accounting standards and international convergence environment analysis,and makes an in-depth study of the enterprise accounting standards No.22.At the same time,based on the current Chinese financial holding companies,especially by the state-owned assets supervision and management of the state-owned enterprises subordinate status,the vigorous development of financial holding companies for this type of enterprise development on the basis of analysis on present situation and the regulation of the revised standards applied in the enterprise financial instruments to measure the influence of which conclusions are obtained.Thus,it is concluded that the revised accounting standards for enterprises no.22 will have impacts on the classification of financial assets of financial holding enterprises,and a significant impact on the net profit of financial holding enterprises.The main contribution of this article is to use real data from the enterprise to analyze,to discuss the impact of the revised accounting code No.22 on our country's financial holdings companies.In this paper,the latest situation of the revision of domestic norms is grasped,and the data with stronger time efficiency is obtained and analyzed.As the revised enterprise accounting standards 22 has not been fully implemented,the research results of this paper can provide some references for some enterprises that have not fully applied the revised enterprise accounting standards.