The Impact of New Financial Instrument Standards on Financial Statements of Financial Enterprises

Abstract

Affected by the global financial crisis in 2008, China has not only promoted the pace of domestic accounting reform, but also officially promulgated the "New Financial Instruments Accounting Standards", which includes the improvement of the types, measurement, impairment and other aspects of the new financial instruments, mainly to understand the problem that the original standards did not strictly classify the types and measurement, leading to increased financial risks for enterprises. Secondly, in 2017, China issued the Accounting Standards for Business Enterprises No. 22, No. 23, No. 24 and No. 37 documents to modify and improve the new accounting standards for financial instruments. This paper first analyzes the changes of the new financial standards, then expounds the current situation of financial accounting of financial enterprises at this stage, and then analyzes the ways to strengthen the internal financial accounting management of enterprises at this stage. Finally, it puts forward several strategic suggestions for the reform of the accounting and financial system of enterprises in crisis for reference.