Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)

Study on the Influence of Innovation and Reform of Accounting Policies on the Impairment of Commercial Bank Credit Card

Authors
Guorong LIU
Corresponding Author
Guorong LIU
Available Online February 2019.
DOI
https://doi.org/10.2991/icfied-19.2019.60How to use a DOI?
Keywords
IAS 39; IFRS 9; credit card; expected credit loss
Abstract
On March 31, 2017, China's Ministry of Finance issued the “Chinese Version of IFRS 9”, making significant changes in the provision for impairment of financial assets. This paper constructs a theoretical model of the impairment of financial assets in accordance with the new accounting standards, and proposes the method system for the impairment of credit card business under the new accounting standards. Based on the credit card data of a large commercial bank, this paper studies the influence of the IFRS 9 on the impairment of credit card business. The results show that, compared with the IAS 39, under the implementation of the IFRS 9, both the asset scale of credit card business needing to be impaired and the provision for impairment of assets significantly improve, but the reserve ratio of the impairment is reduced.
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Proceedings
2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)
Part of series
Advances in Economics, Business and Management Research
Publication Date
February 2019
ISBN
978-94-6252-678-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/icfied-19.2019.60How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Guorong LIU
PY  - 2019/02
DA  - 2019/02
TI  - Study on the Influence of Innovation and Reform of Accounting Policies on the Impairment of Commercial Bank Credit Card
BT  - 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/icfied-19.2019.60
DO  - https://doi.org/10.2991/icfied-19.2019.60
ID  - LIU2019/02
ER  -