Research On Application Of Fair Value Measurement In Accounting Standards Of China

Fair value measurement study in recent years at home and abroad has been the accounting circles attention difficulty accounting theory, become one of the most challenging and hot point problems, many scholars and practitioners in the tireless research. The fair value measurement to the information users and the market value of the company higher correlation information, to help investors keen understanding of investment value, it can help investors to make rational decision making, based on this, the fair value measurement has become an important measure to choose, at present has become the developed countries such as America recognized accounting measurement attribute.In February15,2006, in China’s new accounting standards promulgated the introduction of fair value, and as China’s financial accounting as a measurement attribute. The Chinese accounting standards and international accounting standards convergence of fair value in the round, our extensive use has important significance. The formation of China’s new accounting standards system, and the fair value measurement model is introduced the new accounting standards in our country is a major bright spot, but also indicates that China’s accounting standards with the international accounting standards convergence confidence. The second half of2007the United States subprime crisis and caused the financial circles and even the politics of fair value measurement is questioned, the financial crisis has affected the world, and then ignited the fair value measurement model of the abolition of fierce polemics.The outbreak of the global financial crisis, the financial assets to create wealth for many countries, is undoubtedly a wake-up call, all relevant government agencies, research institutions, and other financial institutions to respond quickly, in just a few short years of time has made targeted measures, and strive in a short time as soon as possible to reverse the unfavorable situation, save loss. But these enterprises offer is showing a good financial status, operating results and cash flow of the financial statements, the honest exposes the historical cost measurement pattern defects. And the fair value measurement is able to use their own advantages to resolve financial risk posed by the financial assets and financial liabilities deviate from the true value of the negative effects.Financial crisis impact on the global economy so that the accounting fair value measurement problems intensified, prompting the international accounting standards on the fair value measurement of the sound. In this crisis, we can see the fair value measurement in the use of the advantages and disadvantages, at the same time; we also see the fair value of the future potential is limitless. Fair value measurement attributes research, to our country to establish the fair value accounting standards and should be widely.Use of the fair value measurement is of great significance. But in our country the use of fair value caused by the effect of the application of fair value is inevitable with international influence each other, so that it can effectively promote China’s accounting standards in the international field of generally recognized, for the Chinese accounting industry, it is an important topic, the fair value measurement of the concern and research has a long way to go.Fair value in our country which lasted more than three years of the application process, the fair value of the enterprise financial position, operating results influence is far-reaching, especially in the wake of the financial crisis, the fair value of our practical problems in the process were analyzed in detail, and put forward the corresponding improvement suggestion.This paper consists of five chapters:The first chapter, introduction. This paper introduced the background and significance, research content and framework, research methods, as well as the domestic and foreign research situation about fair value.The second chapter, theory analysis. Mainly on the fair value of the basic concept,, fair value measurement attribute and measurement of fair value theory is discussed.The third chapter, the fair value measurement in China’s accounting standards in the application situation and existing problems of. With China’s new enterprise accounting standards, listed the current fair value measurement in the guidelines of major applications, and then analyzed the fair value in several standards in practical application. On the basis of this, an analysis of fair value in financial crisis exposed the deficiencies; enlighten our country on fair value accounting standards and the use of the existing problems.The fourth chapter, after the financial crisis of social fair value evaluation. Analysis of the financial crisis occurred after the society from all walks of life to the fair value of the evaluation, in the financial crisis exposed the deficiencies, enlighten our country on fair value accounting standards and the use of the existing problems. Analysis of fair value in financial crisis exposed the defects and its own superiority, rethinking of fair value measurement.The fifth chapter, the financial crisis after the application of fair value in our country and the suggestions for improvement. Through the above analysis of the theoretical basis, problem analysis, put forward our country to the fair value measurement improvement suggestions.The main contribution of this paper lies in:In this paper, based on the fair value and the financial crisis was studied, which points out the fair value measurement attribute in the crisis of some defects, also shows that the fair value measurement of the incomparable advantages, objectively recognize, evaluate the fair value.In view of our country present stage application of fair value of some of the problems, put forward the corresponding improvement suggestion, in order to fair value in our country can have better development space.The further research direction in the future:The fair value application in China can effectively promote China’s accounting standards in the international field of generally recognized, still need further study and attention.