Study For The Relationship Between Fair Value Of Accounting And Value Types Of Valuation

There is always a controversy for the relationship between the fair value of accounting and the market value of valuation. Different countries have vague standards on the relationship between the two provisions, our country's guide for the valuation,which made a rough defined relationship between the two provisions. That is fair value of accounting is generally equivalent to the market value of the valuation in compliance with accounting standards. Its wording is vague and cause some confusion, which indicate the defect of our accounting standards. In recent years, FASB and IASB make their efforts on the research of the accounting standards. They have acquired too much accomplishment, but in the use of fair value,we fall behind. This thesis make an analysis, from the fair value's level of FASB and IASB, to elaborate the relationship of fair value and market value, and then reflect the mismatching of fair value's definition and level.Then the thesis offer a proposal for our country's accounting standards and valuation guide to reduce the confuse of profession and increase the assessment quality of fair valueThis thesis demonstrate the relationship of the fair value and the market value, the non-market value from three aspects. In the first, this thesis elaborate the relationship according the FASB's level of fair value. In the second, according to the accounting's measurement attribute,this thesis analyse the difference between the fair value and the present value. In the third,in the basis of the comparison between FASB and IASB's impairment test of asset, elaborate the defect of our country. In the last, through all of above demonstration, this thesis affirm the definition,the level and the measurement attribute of the FASB and IASB,then point out defects of our country's standards and some proposals.This thesis is divided into five sections,every section have contents as follows. The first section is introduction,which introduce the background and the cause of research,the recent status of domestic and overseas.Then,this thesis proposed the train of thought and the new ideas.The second section is theory, which introduce the provisions in the accounting's measurement attribute, valuation's value type and the valuation's methods of FASB,IASB and our country.The third section is the key content and the new ideas of this thesis. According to the provisions of FASB and IASB, this section define the fair value, present value, value in use in detail, and point out the relationship among these concept.In the comparison of impairment test of asset between FASB and IASB, this thesis analyse the relationship of fair value and market value, non-market value.The fourth section is recent status of application and existing questions, which indicate the defects of accounting and valuation guide in the fair value, present value, and other value types, then this thesis analyse the influence of these defects to the valuation of impairment test of asset of our country.The fifth section is the countermeasure and the suggestion, which offer a proposal for the perfect of our country s accounting standards and valuation, and then the personnel should increase the quality of profession, strengthen the understanding to the accounting standards, so that we can provide better service to accounting than before and better accounting information.