Study on the influence of IFRS 9 on the impairment of commercial bank credit card

On 31 March 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 article 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 article 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 improves, but the reserve ratio of the impairment is reduced.