Research On Fair Value Accounting

Currently, the new guidelines on the introduction of fair value accounting development conforms to the trend, enhanced the value relevance of accounting information. However, in practice, the fair value of the use of shorter, related theoretical issues, and no clear answer, mainly reflected in the fair value of the concept is still unclear scope of application of fair value and the lack of logic is too narrow standard, fair value measurement attribute to its relationship failed to clear and practical application of fair value level of a departure from the concept of fair value and the lack of practical operational, changes in fair value accounting treatment of confusion and a lack of theoretical support for these five areas.For this reason, the fair value of the relevant papers in the theoretical studies based on systematic reviews of five aspects of a new exploration. In the fair price concept, the relationship between value and price from the start, clearly stated at fair value will be divided into two levels-in theory and practice in the fair value of fair value. Theoretical fair value is the value, the fair value of real practice is a fair transaction price. This fair price to the fair sex should have been actively traded, fair and non-associated with three basic features. On this basis, further defined the practice of fair value is a market transaction price is not based on firm-specific trading price of the main body, and its price even if the input is to get rid of the price.The contribution of this paper is mainly reflected in the following areas:First, A clear concept of fair value will be two levels, in theory, that is the value of fair value, fair value of practice as a fair price.Second, by comparison with other measurement attributes proposed fair value should be applied to all of the assets (liabilities) projects, and harmonization of measurement used in the follow-up phase, when the fair value can not be access only when we substitute the use of other measurement attributes. Third, in the realization of profit and loss Profit and Loss Analysis of access and, based on the changes in fair value should be clearly stated all the profit or loss in the income statement format of the existing improvements.