| It is a great challenge for original cost which can not match the accounting report users'information requirements with the development of the economic. Because fair value measurement can provide the reality information for investors, it can help investors to make right decisions. Now it becomes one of accepted accounting measurement attribute in the developed countries. Fair value measurement has always been one of the most challenging issues in the international accounting theory forefront in the recent decades.The application of fair value undergoes iterative phase in china. The ministry of finance issued new accounting standards on February 15, 2006 and came back to the way of using fair value. It is not only in accordance with the trends of the International measurement mode, but also the objective requirements of economic development in china. At the same time, the financial crisis happened in the western country bring strong damage to the financial industry of the west. The application of Fair value challenged. What influence will it bring to the financing situation and operating result of financial enterprise? What question will it occur in the practical application?In such background, this paper deeply analyses the defects of the theoretical and the application of fair value in idiographic accounting standard. This paper begins with the theoretical analysis ranging from the systematic introduction of concepts and basic features of fair value and caparison with measurement attributes to overall views of supporting and doubting the application of the fair value. The third chapter study the defects of the theoretical and difficulties in practice of fair value. Theoretical defects is mainly embodied in the essence of fair value and position property,difficulties in Practice focused on two aspects,that is reliability and operability. The fourth part studies the current situation of the fair value in our country, problems and the reasons. We made a statistical analysis about the relevant issues and made a more detailed investigation on the application of the fair value in china in the form of questionnaires for the company's financial staff of listed or non-listed company. Finally, we propose several suggestions about the comprehensive use of fair value in our country,including: the first one is perfecting the theoretical basis of fair value; the second one is to improve macroeconomic environment,so we can grasp the reliability of the fair value and so on. At the same time we prospect the application of the fair value of future in china. |
