The Research On The Measurement Attribution Of Fair Value

Since the 1990s, with the development of financial instruments and derivative financial instruments, the traditional measurement which based on historical cost measurement model can not meet the need of the econemy growth, fair value gain attention from both accounting academics and practitioners. In 2006, FASB officially released the guidelines for fair value measurement. In February 2006, China's Ministry of Finance issued a new corporate accounting standards system, in which financial instruments, investmental real estate, the combination under non-common control, debt restructuring and non-monetary transactions etc, that carefully re-introducted the measurement of fair value. This re-introduction took a solid step forward in the process of convergence of international accounting standards.Nowadays China's current accounting measurement mode is historical cost, and they take a carefully attitude in using the fair value measurement models. The study of the fair value mostly concentrates on the concept while less in the theory and measurement. And for theoretical basis, they still lack of a unified and clear norms. Thus making research on the measurement of the fair value has important practical significance.To definite the theoretical basic and the acquisition method of the fair value can make it reliabe and easy to carry out effectively, and ultimately, to achieve the goal of providing decision-useful accounting information. As the improvement of economy market and the measurement technology, the fair value can be obtained more reliable.This dissertation is by studying the content, theoretical basis and acquisition methods of fair value, to find out how to improve the reliability and the operational of fair value measurement.This dissertation has five parts:The first part is the introduction, which consists of three parts: introduce the topics of the background and significance; the research situation at home and abroad; research method.The second part is the overviews section of the fair value measurement. Firstly, discuss the meaning of measurement attribution of fair value. Secondly, compare the fair value with other measurement attibutions.The third part is the theoretical basis of the fair value measurement, which mainly about three perspective including the accounting goal theory, value theory and property rights theory.The forth part is the most important part: the determination principles and the measurement methods of fair value. First of all, clearly defined the principles of the fair value; then discuss the detail instruction of the four methods of how to determine the fair value, which included current market value method, the current cost method, the present value method and the option pricing model method. To ensure the reliability of fair value, the application of condition and the independence of binding measures should be considered when choose the method.The fifth part gives some recommendations in the application of measruement attibution of fair value in our country.