1. This course accounts for the funds of financial assets, such as bills, securities and loans. , bought by enterprises (financial institutions) according to the resale agreement and then resold at a fixed price.

Two, this course can be based on the types of financial assets bought and sold back and the financing party for accounting.

Three. Main accounting treatment of financial assets bought and sold back.

(1) When an enterprise purchases financial assets according to the resale agreement, it shall debit the account according to the actual amount paid, and credit the accounts such as "money deposited in the central bank", "settlement reserve" and "bank deposit".

(2) On the balance sheet date, according to the calculated interest income of financial assets bought and sold back, debit the account of "interest receivable" and credit the account of "interest income".

(3) On the resale date, debit the subjects such as "money deposited in the central bank", "settlement reserve" and "bank deposit" according to the actual amount received, credit this subject and "interest receivable" according to its book balance, and credit "interest income" according to its difference.

Four. The debit balance at the end of this course reflects the amortized cost of financial assets purchased by enterprises that have not been sold back.

What risks will repurchase bring?

The risks of repurchase and resale mainly include the following:

1. Risks of collateral storage. For example, in the bill purchase and resale business, the lender needs to properly keep the bills pledged by the borrower. If the collateral is not well kept, it will bring great risks to the lender. For example, ABC's 3.9 billion bills were illegally replaced by insiders, resulting in huge losses.

2. Quality and quantity risks of pledge. If the quality of the pledged assets is not good, there may be a large-scale asset impairment reserve during the holding period or after the default. In addition, the custody of the pledge should also be done well.

3. Delivery of resale assets. After the contract expires, the lender shall receive the borrower's principal and interest before delivering the assets. Never deliver the assets before paying back the money. This type of risky business often occurs in the bill resale business.

How to deal with the accounting of financial assets bought and sold back?