The Choice Of Accounting Measurement Attributes Based On Efficient Capital Markets

Measurement has been the core issue of accounting. Choice of accountingmeasurement has been a hot topic of accounting. The choice of accountingmeasurement attributes is an important factor to affect the accounting information.Historical cost has long been the main mode of measurement, but with thedevelopment of knowledge-based economy and information society, the assets andliabilities of the time value effect is more and more obvious. The carrying value ofthe economic resources in historical cost has been a serious deviation from marketvalue, thus it affects the decisions of the decision-makers. Fair value measurementattributes has a high correlation, a growing number of accounting standards needs todisclosure and recognize fair value, and comprehensively application of fair valuehas been the general trend.Starting from an economic theory of value, first of all, the paper analyzes thetheory of accounting measurement value attributes, tries to find the logicalrelationship between the measurement attributes and values, to study the meaning ofthe value of the nature of the property and a variety of measurement attributes. Thenthe methods of cognitive theory is used to decompose the accounting recognition,and assures the stage of measurement attribute selection, in order to find the rightchoice of accounting measurement attributes affecting the confirmation of the finalaccounting information.Meanwhile, the paper does the research of the choice of the status quo of thedomestic and international accounting measurement attribute. Finally, the paperelaborates recommendations and the prospects of the choice of accountingmeasurement attributes.