The Impact Of New Financial Instrument Standards On Bank Bill Business

Under the influence of the global financial crisis in 2008,in order to further improve the accounting quality and reduce the complexity of accounting standards for financial instruments,international financial institutions revised the standards for financial instruments.In 2014,the international accounting standards board published the final version of international financial reporting standards no.9-financial instruments(IFRS9).In order to maintain the convergence with ifrs,China's ministry of finance issued the new accounting standards for business enterprises in March 2017 and required the new financial instrument standards to take effect on January 1,2018.Most of our country commercial bank assets for financial assets,the new rule of financial instruments in financial provision for impairment loss of assets classification hedging accounting aspects has carried on the significant revision,therefore,the implementation of new financial instruments standards will produce very big effect to commercial Banks,based on the analysis in this paper the new guidelines after the implementation of financial instruments to paper the influence of commercial Banks.This article first reviews the development course of financial instruments standards at home and abroad,the new financial instruments revision on the change of content,focus on the analysis of the core content of old and new financial instruments standards then,significant differences on the basis of combining with the actual situation of our country commercial bank,select A case analysis of the specific analysis of bank A new financial instruments standard business impact on the bill,the study found that affect mainly concentrated in the classification and measurement of accounts valuations impairment from four aspects,and through the concrete data analysis for argument in the end,summed up the new financial instruments revised financial statements prepared on A bank paper business The impact of risk management and trading business,and put forward specific measures to deal with the impact under the new situation,in order to provide help for other commercial Banks in China to better apply the new standards.