Fair Value Measurement And Its Application

Since the 1990's, traditional measurement model based on the historical cost measurement has been unable to adapt to economic development. February 2006, China's Ministry of Finance issued a new corporate accounting standards system, and was careful introduction of the fair value measurement in financial instruments, investment in real estate, non-common under the control of mergers, debt restructuring and non-monetary transactions. It is a solid step in the convergence of international accounting standards.Thesis combinationed the research state of international and domestic accounting profession on the fair value, and elaborated on the background and theoretical basis of the fair value measurement, clearly pointed out that fair value measurement is a measurement of a composite attribute. On the basis of deep theoretical of fair value trying to seek reasonable measurement methods and standards for determine the fair value. Then this paper introduces the fair value applications in the international accounting standards and in the United States accounting standards, many empirical studies abroad have proven the relevance of fair value, the key lies in measurement methods. Finally, thesis analysised the status of the fair value application in China. In view of China's market system is imperfect, operating profit management issues such as the existence of fair value measurement in the course of implementation, it is necessary to strengthen the building of a market system, introducing external evaluation, raising the valuation of technology, introducing a comprehensive income statement, clear response tax adjustment scope, and to formulate and improve relevant audit criteria of fair value.Thesis presented in the relevant concepts and theories used inductive method, that is, access to a large number of domestic and foreign literature, serious understanding of their predecessors. Related research results, summarized the corresponding concepts and theories. At the same time the analysis of the method used, the focus of the fair value of the use of several difficult issues to be resolved. By contrast, in light of China's use of fair value of the status quo, that the gap with international, pointed out that the accounting measurement attribute China's future development trends...