Measured At Fair Value On The Quality Of Accounting Information In China

explicitly take fair value as one of accounting attributes, and exert the attribute at different degree ground in 17 concrete standards, which enunciate that accounting in our country tended to exceed the nations materiality and in the meantime show market economy in our country be gradually maturing. The attribute of the fair value is favor of guaranteeing the relativity of accounting information, because the fair value is a kind of calculating attribute facing to the future. The fair value can truly reflect the economic benefits that property brings business enterprise, and reflect ability of management and repaying debt more accurately, at the same time, helps users of accounting information to make decisions correctly.A primary aim of this paper is to research how much influence the quality of accounting information by application of the attribute-the fair value in China. To answer this question distinctly and exactly, it is probed into the theory research and positive analysis in this paper. First, the paper expertiates theory foundation and computation precondition of fair value, and anlyses comparatively characteristics of historical cost, current cost and the fair value based on concept of fair value. Second, the paper discusses influence to asset and liability and income by fair value. Banding together regulation of new standard in theory, the paper emphasize influence to balance sheet and income table by exertion of fair value in idiographic standards such as the noncurrency property exchange, the liability recombination, investing real estate and financial property. Finally, the paper make use of Feltham- Ohlson model to demonstrate share value, which selects three financial indices including net property per share, income per share and price per share. Thse analysis explain results that usage of fair value in new standard influence value relativity of accounting information in our capital market with partial correlation and linearity regression. On base of these analysis results the paper points out obstacles that the fair value exists at present in our country, and puts forward corresponding measurements.