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Accounting treatment of position profit and loss
The Ministry of Finance [1997] No.44 Interim Provisions on Financial Management of Commodity Futures Trading clearly stipulates: "Floating profit and loss, also known as position profit and loss, refers to the potential profit and loss calculated according to the initial transaction price of the contract and the settlement price on the settlement date." There are the following provisions on floating profit and loss: the exchange "shall not calculate the floating profit and loss of members as the margin required for opening new positions"; The futures brokerage institution shall adjust the amount of the customer's margin deposit account on a daily basis according to the floating profit and loss of the customer. The floating profit of customers shall not be calculated as the margin required for opening new positions "; Futures investment enterprises "should adjust the amount of margin account according to the floating profit and loss list and capital settlement sheet of futures contracts bought or sold without reverse trading issued by futures brokerage institutions or futures exchanges, and set up a special account for the loss and surplus of the property to be processed accordingly, which should not be included in the current profit and loss, but should be explained in the annual financial report", and "floating losses cannot be included in the current profit and loss in advance".

In the concrete operation, the following two problems have appeared: in the current accounting practice, there are two ways to operate the floating profit and loss of investors. One is consistent with the daily settlement system, treating floating gains and losses as liquidation gains and losses, and adjusting the balance of the customer's margin account accordingly; The other is that the investor's floating profit and loss data is only listed as a risk indicator in the settlement document, which is not reflected in the accounting, and is only calculated according to the actual additional margin. The former method is simple in business processing and suitable for natural person customers, because there is no need to provide external accounting statements and abide by the provisions of relevant accounting systems (position gains and losses are not included in the current year's profits and losses). However, for legal person investors, because enterprises need to strictly account for liquidation gains and losses (realized gains and losses) and position gains and losses (unrealized gains and losses), they cannot do accounting treatment so simply. Generally, the second accounting method is adopted, that is, accounting only accounts for liquidation gains and losses and paid deposits, and does not reflect position gains and losses. In this way, at the end of the accounting period, there is often a settlement difference between the investor's accounting results and the daily settlement of the settlement department, which is actually the position profit and loss, so that its accounting can not truly reflect the current financial situation of the enterprise. That is to say, for legal person investors, in fact, the profit and loss of positions are not accounted for in accounting practice.

In this way, only from the accounting statements of futures investors can not truly show their futures investment. Moreover, due to the high risk of futures investment, the potential profit and loss are also great, which will have a certain impact on the report users; Secondly, before the settlement of futures trading, if investors have formed huge potential losses, they will not be included in the profits and losses of the current year, nor will they be able to deduct taxes, which will increase the cost and tax burden of investors.