| Due to the complexity of measurement and the lag of loss provision,the original financial instrument standards are no longer applicable to the current economic situation.Therefore,the International Accounting Standards Board(IASB)reformed and innovated,and officially issued and fully implemented the new financial instrument Standards in 2014.China also published the new financial instruments standards system document in 2017,and required "A+H" listed companies to implement it from 2018,and A-share listed companies from 2019.The change of CAS22 in our country is mainly manifested in the new classification of financial assets and the use of expected loss.Because trust companies have a high proportion of financial assets,the new standards will have a certain impact on their financial accounting management,operation and overall control.According to this,the main problem of this paper is: the implementation of the new standard to the trust company’s financial accounting management situation,and how to better implement this standard.This paper mainly analyzes and studies the two core changes of the new standards.The author first sorts out and classifies the global scientific research situation of the new financial instrument standards and sorts out the core changes of the standards.Next,by comparing the changes of 11 trust companies in China that have implemented the new standards since 2019 before and after the implementation of the standards,the impact of the implementation of the standards on financial accounting management is analyzed.After that,taking Tib trust as a practical application case,the paper makes a detailed study and analysis of the impact of the implementation of the new standards on the financial accounting statement data and the actual management situation of Tib trust.In the end,this paper summarizes the status quo and significance of trust companies in implementing the new guidelines,comprehensively analyzes the difficulties faced by trust companies in implementing the guidelines,and puts forward suggestions on how to better implement the new guidelines for trust companies.The significance of this study is that at present,China’s capital market is not fully mature and stable.The implementation of the new financial instrument standards will help standardize the competitive market order of China’s financial economy and strengthen the supervision and management of the financial industry.Based on sufficient theoretical analysis and research at present,combined with the real data information before and after the implementation of the guidelines by trust companies,the impact of the implementation of the new guidelines on the formation of trust companies can be shown,and it can also provide reference for other trust companies to implement the new guidelines.It also has reference value for the supervision and management organization departments to improve the follow-up guidelines. |
