The Research Of ZX Joint-equity Comercial Bank's Assets Impairment Accounting

In 2008,the United States subprime mortgage crisis caused very painful memories to the people of the world.People began to realize that the rapid development of the economy,in addition to the benefits,was accompanied by more and more high risks.However,before the outbreak of the risk,the financial supervision system and financial report which should issue warnings did not work.This indirectly led to decision-making investors suffered huge losses.For a time,there was a lot of doubt about the supervision system and accounting standards.In order to repair the loopholes,a lot of countries have made great reforms to their financial supervision system and accounting standards,hoping to improve the ability of financial enterprises in the country or even in the world to resist the risk.However,people from various communities have not completely come out of the shadow of the subprime crisis,especially in recent years.As the overall decline of economic situation of the world,the market risk and the credit risk are further increased.They are still worrying whether the financial reports of the commercial banks can truly reflect the quality of their assets or not.To measure the quality of the assets of the commercial banks,the amount of the asset impairment is undoubtedly one of the most important indicators,which reflects not only the assets quality of the commercial bank,but also the ability of risk management.It is the signpost of the risk degree of the commercial bank and even the whole financial industry.It can provide important decision-making basis for the users of financial reporting.With China's capital market moving towards the goal of internationalization,accounting standards are converging with international accounting standards.This is not only an opportunity,but also a challenge.It is very important that whether the commercial banks can reflect information related with the impairment of assets timely and accurately according to the financial reports or not.As one of the most import sector of the whole national economy system,bank's survival and development have been integrated with the whole market.Its every act and movement may result chain reaction in the entire market.The disclosure of the assets impairment information can reflect the quality of bank assets and risk management quality to a large extent.Based on this background,according to in depth comparative analysis of the domestic and international standards,regulatory measures and other related documents,combined with actual application case of ZX joint-stock commercial bank,I studied on the existing problems in the application of asset impairment accounting in commercial banks in China.Through data comparison,personnel interviews,questionnaire and other methods,I put forward corresponding countermeasures to solve these problems.Through the study of ZX bank,it is found that asset impairment accounting can reflect the asset status of commercial banks more truly and provide more relevant information for the users of financial reports theoretically,but there are many problems in the actual implementation,such as late recognition time,less measurement of amount,insufficient disclosure and so on.And further research has found that the causes of these problems can be divided into two levels.One is the internal level,for example,the design of the performance evaluation system is not scientific,the relevant personnel do not have the ability to judge the profession,and the system is lack of effective supervision.Second is the external level,such as the accounting standards demand is not clear enough,the operability is poor,and the audit institutions are not independent enough.In view of these problems and reasons,I correspondingly put forward countermeasure,such as redesigning the performance evaluation scheme,improving the professional judgment ability of the personnel,improving the internal control system,and relying on modern science and technology,etc.The study of this paper has great practical significance for both commercial banks and people of various communities.For commercial banks,the analysis and improvement measures can help them to improve the ability of risk management.For people of various communities,they can get more accurate financial report from the commercial banks to help them to make relevant decisions.