Research On The Improvement Of Information Disclosure Of Daodaoquan Hedgin

In recent years,due to frequent market fluctuations and the impact of the global epidemic,the production and operation of many companies have been put to the test.Hedging can help companies resist risks,so it has become an important means for many domestic companies to avoid risks.However,in early 2021,news of "hedging huge losses" by many listed companies such as Daodaoquan and Jinlongyu appeared frequently in the newspapers.In particular,Dao Daoquan,because of its announcement of a huge loss of 207 million yuan,caused the market to plummet and caused violent public opinion.This paper adopts case analysis method,taking Dao Daoquan whole grain and Oil Co.Ltd.as the research object,according to its public disclosure information,and combining with our country’s new revised“Enterprise Accounting Standard No.24-hedging” in 2017,this paper analyzes the case of“Hedging losses”of a case enterprise,and studies the real reasons of huge losses of hedging by combining qualitative and quantitative methods,and found that the way the full hedging information disclosure of the shortcomings.It is found that the case companies lack the authenticity,integrity and relevance of the information disclosure of hedging,and has a certain impact on investors.This paper suggests that enterprises should strengthen their risk management awareness,improve human resource policies,enhance the business ability of accountants,and do not neglect the related technical risks when hedging Standard-setting institutions should reduce the right to choose accounting standards,under the conditions of application,enterprises should strictly comply with the requirements of hedging accounting standards for accounting processing and full disclosure of information;The classification of non-recurring profit and loss should also be adjusted by relevant departments,and the supervision of corporate information disclosure should also be strengthened by regulators.In this paper,the previous theories are further explained and supported by the case,and the evidence is provided from the perspective of the case.To a certain extent,it enriches the theory of economic consequences of hedge accounting standards.From a practical point of view,this paper is conducive to the better implementation of hedging accounting standards by enterprises,and is conducive to accounting information users to understand the real situation of enterprise operation more objectively.In addition,the analysis and conclusions on extraordinary gains and losses,hedging options,and information disclosure presented in this paper are helpful for providing reference for accounting standards-designating institutions.It reflects the business situation of hedging business of enterprises from a comprehensive perspective and a more real level,and promotes the further development and improvement of the theory of hedging accounting.