Fair Value In The Application Of Non-monetary Assets Exchanges

International Accounting Standards is a national trend in the globalization of accounting standards important issues facing one. The definition of fair value and with fair value accounting standards related projects, China's accounting standards with international accounting standards has been the basic convergence. As the superiority of fair value itself with the real needs of the market, has been widely used international accounting standards and the world's financial accounting standards. Promulgation of the new non-monetary assets using the fair value of the exchange criteria in the conditions of the exchange has commercial substance and fair value can be reliably measured, prudent use of the new guidelines reflect the fair value. Fair value of non-monetary assets in exchange re-opening of the guidelines, that the international convergence of accounting has taken a substantial step. However, due to China's capital markets are underdeveloped, the fair value valuation of technology is not yet mature, and accountancy professional to determine capacity factors are not high, so the operability of the fair value measurement is not strong, thus reducing the reliability of accounting information. Therefore, to explore the exchange of criteria for non-monetary assets at fair value in the practical application of issues related to the accounting profession has become an important problem urgently.In this paper, the exchange of non-monetary assets based theory to explain the revision of accounting standards in 3 basic changes in the business valuation and operation of the historical background, combined with the case of listed companies, in-depth analysis of the fair value of the exchange of non-monetary assets practice status and problems of use, and for ideas to solve these issues and recommendations aimed at the practice of non-monetary assets at fair value in the introduction, while the reliability and relevance of scientific treatment of the relationship, to enhance its can be operational, reduce its adverse effects, and continue to improve the exchange of non-monetary assets related content guidelines.