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

DOI

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.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

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  - Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019)
PB  - Atlantis Press
SP  - 315
EP  - 323
SN  - 2352-5428
UR  - https://doi.org/10.2991/icfied-19.2019.60
DO  - 10.2991/icfied-19.2019.60
ID  - LIU2019/02
ER  -