What are financial assets?

Financial assets can be classified according to statistical purposes and other contents. In the latest national economic accounting system (SNA) published by 1993, for the convenience of statistics, financial assets are classified as follows:

(1) monetary gold and special drawing rights;

(2) Currency and deposits;

(3) Securities other than stocks (including financial derivatives);

(4) loans;

5] Stocks and other rights and interests;

(6) Special insurance reserve;

(7) Other accounts receivable/payable.

Financial assets in the national accounts system; In fact, all financial assets and liabilities of these statistical objects are recorded according to the balance sheets of various departments of the national economy. For each department, the balance sheet shows the financial liabilities incurred by the department to raise funds and the financial assets acquired by the department, which provides the dual relationship between the degree of financial means used by a department and the position of the department in the relationship between creditor's rights and debts. It mainly includes cash on hand, bank deposits, accounts receivable, bills receivable, other accounts receivable, equity investment, bond investment and derivative financial assets.

An enterprise shall, in combination with its own business characteristics and risk management requirements, classify the acquired financial assets into the following categories at the time of initial confirmation:

(1) Financial assets measured at fair value and whose changes are included in current profits and losses;

(2) held-to-maturity investment;

(3) Loans and receivables;

Monetary assets

(4) Financial assets available for sale.

On the first implementation date, an enterprise shall classify financial assets (excluding investments specified in Accounting Standards for Business Enterprises No.2-Long-term Equity Investment) into financial assets measured at fair value and whose changes are included in current profits and losses, held-to-maturity investments, loans and receivables, and available-for-sale financial assets. Once the classification of financial assets is determined, it shall not be changed at will.