The Trends And Impact Analysis Of Financial Instruments Accounting Standards

It exposing pro-cyclical phenomenon and too complex of the existing financial instruments accounting standards (IAS39)in the financial crisis of2008. In order to address the parties to the accusations of financial instruments accounting standards in the financial crisis, International Accounting Standards Board decided to revision of IAS39in the three stages:the classification and measurement of financial instruments, impairment method, hedge accounting. IASB issued "International Financial Reporting Section9-Financial Instru--ments"(IFRS9) and the draft of "Financial Instruments:amortized cost and impairment" on November2009. It instead of using two existing classification of four classifications in the classification of financial assets and presents a new method of the impairment-the expected loss model in the financial asset impairment to compensate for loss of IAS39Impairment of financial assets defects. How effective is the implementation of new policies and new policy can solve the current problem of financial instruments accounting standards.It stimulated the public’s attention and discussion and fully aroused the attention of stakeholders. Many experts and scholars have been studied it in the theory. It is analysied not only from the policy itself, but also from the effects of the new policy in micro-enterprises in this paper. Although to some extent, the new policy can alleviate problems in the current guidelines, such as it has been greatly simplified in classification principles and methods;it eliminate inconsis--tencies in measurement of financial assets to a certain extent. However, the new policy still has many imperfections. such as it may be allowed to increase the profit margins of adjustment in the two classification and reclassification;It has some difficulties in unquoted equity instruments at fair value valuation;It increased complexity in subsequent measurement of embedded derivatives;It expected loss lack of adequate theoretical basis for the model, and it is not strong in operability. In the realization of China’s accounting standards with International Financial Reporting Standards ongoing comprehensive convergen-ce, our country should be based on their actual situation, drawing on the provisions of the new policy, worked out for China’s accounting standards.