The Research On The Application Of Fair Value For Chinese Financial Accounting

As one of the hot issues of the accountancy study at home and abroad, and development trend of study on exploration of fair value accounting, accounting theory, promoting the construction of accounting and other related subjects has important significance. Also helps solve the intangible assets in knowledge economy era, the human resources accounting, environmental accounting on accounting measurement of new areas such as.At present, China's economy and international economic exchange is becoming increasingly close, and accounting rules and guidelines relating to have basic convergence with international practice, learning and using the fair value of the latest research results, on the application of fair value in China have very important practical significance, but also more conducive to development and integration with the international economies. Moreover, research and applying the fair value of help to maintain the economic interests of our country after joining the WTO, perfecting the current accounting standards and independent auditing standards, improve financial reporting, reduction defects of accounting information distortion, thus contributing to the healthy and rapid development of China's national economy.With the globalization of the market economy, historical cost more and do not reflect the time value of enterprise, on the actual value of assets and liabilities of the enterprise became less and less reliable, has become increasingly cannot adapt to the market economy environment now, in this case, the fair value came into being. Application of fair value in our country is not easy, after several setbacks after the last in 2006 introduced a new accounting standard, widely used in fair value accounting in practice, this is the highlights of the new guidelines. But owing to lack of strict restrictions and perfection of market economy environment, practical effect of fair value is not ideal, there have been many abuses, such as related party transactions between the listed company in the fair value measurement when profits are manipulated, prejudice to the economic interests of the users and some guidelines there has guidelines but rarely used, such as investment properties. This article hopes to international guidelines, United States financial accounting standards and the analysis of new accounting standards in the application of fair value in China, enabling people to have on the fair value of a comprehensive and clear understanding and grasping, not blind optimism attitude on fair value, or due to related imperfections, do not adapt to new things and to lose confidence. This article briefly describes the domestic and foreign background and present situation of application of fair value, the theoretical basis of fair value has been set out, expectations in the various existing measurement properties are introduced and on the basis of comparison, to deepen awareness and understanding of fair value. This article also analyzed the conditions of application of fair value in China, demonstrating feasibility and necessity of the use of fair value in China. Also, this article on the current difficulties encountered in the application of fair value and misconceptions made a detailed analysis, use of the present situation of China's market economy environment on fair value of the corresponding countermeasures with a view to fair value to more specific to China's market environment, play its full role.This article mainly uses the normative approach using qualitative analysis methods, to the point of fair value measurement properties, based on the application of fair value, explores issues related to fair value, and finally to resolve the related problems in the application of fair value in China for base on China's difficulties in application of the fair value of proposed solutions. Given the complexity of fair value issues, this study does not seek comprehensive, mainly in the fair value of related theories for analysis tools, to system analysis and summary of the issues. In fair value theory in the study, mainly uses the sum method for problems in the application of fair value, mainly use the ask a question, analyze and solve problems related to the methods of analysis, concluded.