| Summary: | 碩士 === 國立政治大學 === 會計學研究所 === 86 === In recent years, many derivative financial instruments (DFI) have been introduced into the domestic market. While transaction wolumes of DFI are increasing, the relative risk enterprises expose to is increasing. Under this circumstance, accountants'' understanding of DFI becomes more and more important to the users of financial statement. If an accountant understands DFI well enough,he/she can adequately report the transactions of DFI and, therefore, users of financial
statements can properly assess the risk the enterprise faces. In this study, the author investigated the extent of the accountants understanding DFI and their ability to adequately report DFI transactions in accordance with the Statement of Financial Accounting Standard No.27 in ROC.
The author used questionnaire as a tool in gathering data. Questionnaires are sent to the accountants of listed companies and companies in banking industries in Taiwan. Two indexes are used in measuring the extent of the accountants''understanding about DFI. One is a five-sacle measurement to be filled by the
accountants evaluating their own capability. The other is the number of correctly answered questions about DFI by the accountants. In addition, the accounts are asked weather they have the capability of adequately disclosing DFI transactions in
accordance with the Statement of Financial Accounting Standard No.27 in ROC.
The Results of this research can be concluded as follow:
1.Generally speaking, the extent of the accountants understanding DFI is moderate.
2.The accountants in the enterprises involve in DFI transactions understand DFI better.than those in the enterprises not involve in DFI transactions.
3.The accountants have difficulties to report DFI in accordance with the statement of financial accounting standard No.27 in ROC.
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