衍生工具对企业利润波动性的影响研究  

Effect of derivatives on earning volatility of enterprise

作　　者：李培根 张博健 LI Pei-gen;ZHANG Bo-jian(School of Accounting, Ixinzhou University of Finance and Economics, Lanzhou 730020, China)

机构地区：[1]兰州财经大学会计学院,兰州730020

出　　处：《天津职业技术师范大学学报》2019年第1期39-43,共5页Journal of Tianjin University of Technology and Education

摘　　要：金融市场的发展对财务会计的影响是近年来的研究热点,由于现行的财务会计准则多要求企业使用公允价值计量金融工具,金融工具的价值变动很可能会影响企业的利润波动性。随着企业越来越普遍地将衍生金融工具作为对冲手段,其是否会对企业的利润波动性产生影响成为备受关注的问题。文章将企业的利润分为现金流和应计项目两个部分,从财务决策和会计计量的角度分析衍生工具是否会对企业的利润波动性产生影响。研究发现,衍生工具可以稳定现金流并降低利润的波动性,会计准则对于衍生工具的规定也会为管理层平滑利润创造条件。The influence of the development of financiai market on financial accounting has been a hot research topic in recent years. Since the current financial accounting standards require enterprises to use fair value to measure financial instruments, the changes of financial in st in merits' value are likely to affect the earning volatility of enterprise. As derivatives become more cind more widely used as hedging instrumenls , it becomes necessary to find out whether derivatives can make an effect on the volatility of coiporate eamings. Fhe earnings are divided into cash flows and accruals , and whether derivatives can make an effect on earning volatility or not is analyzed from the perspective of accounting measurement as well as financial decision-nuiking. Results show that derivatives can stabilize cash flows and decrease the volatility of eamings , and the provisions of accounting standards on derivatives can also open the door to earning smoothing.

关 键 词：衍生工具 利润波动性 现金流 应计项目 

分 类 号：F823.51[经济管理—财政学]