Application Research On Hedging Accounting In Chinese Steel Enterprise

In2009, at the Shanghai futures exchange to launch steel since futures products, China’s steel enterprises more and more use of this financial tools to avoid facing the enterprises market risk. In related business, enterprise need to comply with the accounting standards for enterprises no.24-hedging ", and related guidelines and interpretation of the hedging activities of recognition, measurement and reporting for accounting. But the new guidelines are involved in commodity futures of accounting standard referring to22,23,24,37, and other standards; the actual implementation has the certain difficulty. This paper in24, the chief source of standards under the framework of our country’s steel enterprises hedging business accounting for applied research, and analysis of the existing problems.Through a combination of qualitative and quantitative research methods in this article to perform hedge of steel enterprises in China accounting standards research and analysis on key points and difficult points in the process. First in sets insurance accounting related theory summary of Foundation Shang, on sets period hedge accounting of using on in China Steel Enterprise produced of effect for analysis, and for steel enterprise of operation features, focus analysis has steel enterprise using futures contract for sets period hedge activities in the of accounting processing practice, and under above analysis made existing sets period hedge accounting guidelines in implementation process in the exists of problem, last made should reasonable adjustment sets period effectiveness evaluation standard of elastic, and in accounting processing method Shang speed up fair value accounting of promotion, To solve the definition basis of inconsistencies, and strictly regulate the hedge accounting disclosure to allow report users to understand more clearly and accurately hedge business processes of enterprises. For steel enterprise in China in the next amendment to the hedge accounting standards provide a reference.