Research On The Disclosure Of Financial Derivatives Accounting In Our Country's Listed Enterprises

Financial derivatives is a new financial contracts derived from traditional financial instruments, from the beginning it have a history of nearly 30 years. The application of financial derivatives are wider and wider because of the development of the traditional financial instruments, but the financial derivatives is a future contract, It have high risk from its birth, in recent years, many domestic and foreign enterprises operated financial derivatives failure due to their high risk, because it is opposite with the traditional accounting theory, there are many problems in recognition, measurement and disclosure of the financial derivatives, however, the article revealed the problems of the disclosure of financial derivatives existing in listed company in 2009 and give the corresponding measures.Firstly, the article introduces the basic overview of the financial derivatives, including its definition, classification and risk causes, the challenges of financial derivatives to traditional accounting theory and solutions to the contradiction between the traditional accounting theory and financial derivatives.Secondly, based on the 2009 listed company as an example, I selected the annual reports of Bank of China and Sinopec Group, the two companies listed the details of financial derivatives in table and off-balance-sheet and the users of financial statements can obtain from the reports.The listed companies in China for financial derivatives accounting disclosure level are uneven due to the lack of corresponding standards.Finally, according to the above problems. I give some solutions such as reconstructing the balance sheet, introducing the Overall Income Statement and so on, also analyzed the operability and the possible problems.