A Study On Accounting Measurement Models Of Financial Derivatives Instruments

In the 70's of 20th century, along with the disorganization of bretton woods, the burst of the mineral oil crisis, and the financial market's internationalization, the risk in the financial market has become uncertain continuously. In order to control the risk and survive the intense marketplace contest, the financial organization had to adjust the traditional financial instruments and innovate themselves, thus the financial derivatives came into being. Derivative financial instruments are financial instruments, which are derived from fundamental financial instruments mainly including forward contract, futures contract, option contract and swap transactions.The rapid development of the derivatives has made a huge impact on the traditional financial accounting theory and practice. In order to supervise the risks triggered by the derivatives, and help enterprises to avoid risks in better use of the derivatives, how to measure it effectively has become an unavoidable problem in contemporary accounting research.The thesis takes the accounting measurement model of the financial derivatives as research object. It begins with the concept and the fundamental characteristics of derivatives, taking the theory of accounting measurement into account, and put forward a viewpoint that most financial derivatives should be measured at their fair value, only a few of them should be measured at historical cost. Further more, the measurement of the financial derivatives includes initial measurement and subsequent measurement, this paper expounds that the fair value is the only accounting measurement attribute of the financial derivatives。Finally, we analyze accounting measurement of the financial derivatives. There are many difficulties in the course of applying fair value model, but they can be conquered. It's a tendency to apply the fair value model to measure financial derivatives.