The Research On Accounting For Derivative Financial Instruments

In the 1970's new financial instruments emerged in an endless stream on the international financial market. Financial Forward, Futures, Options and Swap stand for the new financial instruments. They are called derivatives too. Many derivative financial instruments are contracts that will be carried out in the future. The rights and duties of these contracts do not accord with the definition of elements of financial statement, and the characteristic that they have made them long lasting not in the financial statement. so the Recognition, Measurement and Disclosure of the derivative financial instruments will be a hot issue.In fact, the international account fields pay close attention to the questions mentioned above. The more authoritative account organization such as FASB and IASC have taken active measures and discussed the comprehensive application of the derivative financial instruments. Our country has already made use of these instruments in recent years. It is very important for the derivative financial instruments to make an intake of the accounting management framework. These studies will help us to make the most of the action of the derivative financial instruments on the higher degree and in the large area, promote them perfect, meet the needs of Chinese reform and the communication with other country, make full use of the accounting action and promote the development of the socialist market economics.