The Influence Of The New Hedge Accounting Standard Revision On Iron And Steel Enterprises

The main problem of this paper is the impact of the modification of the new hedge accounting standard CAS24(2017)on iron and steel enterprises.Firstly,this paper expounds the hedge theory and the theory and development of hedge accounting,and then analyzes the current situation of iron and steel industry.The problems existing in the participation of iron and steel enterprises in hedging cause the consideration of the requirements of hedge accounting standard.By analyzing the accounting practice of company a and comparing the changes brought by the new and old accounting standards to the enterprises,this paper analyzes the influence of the modification of the new hedge accounting standards on the enterprises from the aspects of enterprise profits,earnings management,information disclosure,accounting work,audit work,etc.,analyzes the modification of the new accounting standards by the research methods of literature analysis and case analysis,and points out the new hedge accounting standards The revision of the standards brings challenges to enterprises,as well as possible hidden dangers.Finally,some feasible suggestions and conclusions are put forward.The main purpose of this paper is to provide a useful reference for the hedging practice of iron and steel enterprises.Because the financial personnel are not familiar with derivatives,this paper will provide guidance for the accounting practice of the enterprises engaged in hedging,hoping to better promote the operation of hedging activities in iron and steel companies.The innovation of this paper is to analyze the impact of the change of the new hedge accounting standards by combining the practice of hedging with the latest hedge accounting standards.The main conclusion of this paper is that the modification of the new hedge accounting standards promotes the steel enterprises to engage in hedging activities,smoothes the profits of enterprises,makes hedging activities more intuitive in the financial statements,and enhances the comprehensibility of accounting statements.As more hedging activities are feasible,it also increases the risk of speculative transactions of enterprises,which will increase the risk of enterprises The work of accounting and risk control has brought challenges.The revision of the new hedge accounting standards has both opportunities and risks for enterprises.Both enterprises and external audit need to fully understand the significance of the new hedge accounting standards in order to work more steadily.