What are financial assets

Financial assets include cash on hand, bank deposits, other monetary funds, accounts receivable, notes receivable, loans, other receivables, equity investments, debt investments, and assets formed by derivative financial instruments. The one-stop wealth management platform of Huatai Securities - "Upjoy Wealth Management" provides a wealth of financial investment knowledge, welcome to download and learn. The company's website is a great source of information about the company's products and services, and it's a great place to learn more about the company's products and services, as well as to learn more about its products and services. Financing instruments from the point of view of the holder is again an important part of the assets it owns is called a financial asset. Money (cash) is the basic financial instrument and it is a financial asset to the party holding it. Because people tend to think of investments in stocks or bonds when they see the term financial instruments, some people have simply defined financial instruments as some financial assets held by a business. Financial assets are classified into four categories at initial recognition: loans and receivables (excluding those sold immediately or sold in the near future), trading financial assets, held-to-maturity investments, and available-for-sale financial assets. The existing financial asset provisioning systems are mainly: the Accounting System for Financial Enterprises formulated by the Accounting Department of the Ministry of Finance in 2001, the Administrative Measures for the Provision of Provision for Doubtful Debts of Financial Enterprises newly issued by the Financial Department of the Ministry of Finance in 2005, and the Guidelines for Provisioning for Loan Losses formulated by the People's Bank of China in 2002. In terms of special provisions, the three systems are basically convergent, and all set corresponding ratios according to the five-level classification of loans to be accrued according to major categories. The contradiction is mainly reflected in the provisions for the general provision, the Ministry of Finance's two systems of the general provision is provided in the after-tax provision, while the People's Bank of China's general provision is provided in the pre-tax provision, used to make up for the possibility of unrecognized losses, and in the calculation of the bank's capital adequacy ratio, included in the bank's subordinate capital.