Research On Analysis Of IFRS9’s Influence On Financial Report Of China’s Listed Banks

On November12,2009, the International Accounting Standards Board (IASB) hasissued a new International Financial Reporting Standards-IFRS9-financial instruments(IFRS9) for the classification and measurement of financial assets. The guidelines will bephased in to replace the originally widely used measurement of financial instrumentsstandards-"IAS39-Fair Value: Recognition and Measurement"(IAS39). After theguidelines promulgated, various countries and regions have joined the ranks ofinnternational convergence of accounting standards, As members of the IASB, our countryalso about to take measures to modify the accounting standards in order to realize theinternational convergence of accounting standards. So, what kind of impact will the newIFRS9’s implementation bring to the financial report of China’s listed banks, and how toface the opportunities and challenges brought by the new provisions. In order to protect thelegitimate rights and interests of investors, promote long-term stable development ofChina’s financial markets. This article will have a discussion about this by taking thisexample of China’s listed banks.After we reviewed the development of accounting standards and the internationalconvergence of accounting standards both at home and abroad, we stated the backgroundof IFRS9and its basic content, based on it, we compare the current accounting criteriaCAS22with IFRS9, followed by study of China’s financial instruments status, we comeacross a detailed analysis of the possible adjustment of China’s listed banks. In this paper,based on the financial report data of2010-2011of China’s16listed banks,we do a researchon the impact of differences by calculating the difference in the amount and the differencein rate. Finally, we come across the proposed countermeasures and suggestions for thefuture of international convergence of accounting standards in China.