The Impact Of New Financial Instruments Standards On Financial Asset Management Of Non-financial Enterprise

The outbreak of the international financial crisis in 2008 made the problems in financial instrument standards more prominent.The classification criteria for financial assets were not clear enough and were easily subject to manipulation by managers.Impairment provisions for financial assets was not timely and inadequate.These issues reduced the quality of information in financial reporting.In response to these issues,the IASB and FASB revisited financial instrument standards and officially promulgated IFRS9 in 2014.In order to improve the existing corporate accounting standards system and maintain convergence with international accounting standards,China revised and promulgated new financial instrument standards in 2017.The promulgation of the new financial instrument standards will not only have a significant impact on financial companies with financial assets as their main assets,but also a significant impact on non-financial listed companies that have invested a large amount of financial assets.This paper selects Youngor,a non-financial listed company,as a case study object and study from four aspects: the motivation for investing in financial assets,the allocation of financial assets,the accounting treatment of financial assets,and the effect of investment financial assets activities.On the one hand,it will help non-financial listed companies to allocate financial assets reasonably and conduct financial asset investment activities.On the other hand,it will facilitate further interpretation and understanding of financial instrument standards.