Academic Journal of Business & Management, 2023, 5(4); doi: 10.25236/AJBM.2023.050423.
Junmei Zhao, Mengmeng Tian
College of Economics and Management, Inner Mongolia University of Technology, Hohhot, China
In 2017, China promulgated the revised Accounting Standards No. 22 - Recognition and Measurement of Financial Instruments. The new standards have made great changes in the classification and impairment of financial assets. After the restatement and adjustment of the new standard, Ping An's equity instruments available for sale under the original standard are greatly affected by reclassification, and the proportion of financial assets measured at fair value and recorded in current profit and loss is significantly increased, indicating that the promulsion of the new standard has a great impact on the financial aspect of Ping An of China.
Guidelines on financial Instruments, Classification of financial assets, Ping An, Financial impact
Junmei Zhao, Mengmeng Tian. Research on the Impact of the Reform of Financial Instrument Standards on Ping An. Academic Journal of Business & Management (2023) Vol. 5, Issue 4: 152-157. https://doi.org/10.25236/AJBM.2023.050423.
[1] CAS22. Accounting Standard for Business Enterprises No. 22 - Recognition and Measurement of Financial Instruments [S]. Ministry of Finance. 2017.