| Asset is very essential for the existence and development of enterprises. With the acceleration progress of economic and technological, the profitability of enterprise assets is facing great uncertainty. As a basis for corporate earnings long-term assets, the changes in its value become special focus to accounting information users. Meanwhile, with demand centre of stakeholder for financial information shifting gradually from the income statement to balance sheet and financial report mode changing from "the view of costs" to "the values", measuring the value of assets is increasingly important.In order to meet changes in demand and the economic environment, fair value measurement attribute has been widely used in the national accounting standards. Now the existing accounting standards for business enterprises in China in the8th part (hereinafter referred to the norms as the impairment of assets),puts fair value as the basis of determining the amount of impairment of assets, making changes in asset impairment accounting in line with the objective of financial reporting. Therefore, the scientific measurement of fair value and the present value of expected future cash flows and rational determination of amount of impairment are the key to asset impairment accounting to find the real value of the assets on a specific point.Asset valuation has a unique professional advantage in value measurement and has been extensively used on an international scale for fair value measurement, and therefore increases the specifically evaluating business areas for the purpose of financial reports. Assets impairment appraisal is based on the accounting standards for business enterprises or relevant impairment assets accounting and disclosure requirements, which is carried on by a registered appraiser who applicants assessment techniques to analysis the fair value or a specific subject value of assets with signs of impairment in a financial reporting, estimates its recoverable amount, and make professional comments.Assessment of impairment of assets solves a large number of problems in asset impairment accounting, such as professional judgment and a series challenge of measures from the perspective of asset valuation professionals. For example, currently there is a lack of strong effective market environment for fair value measurement, internal implementation of asset impairment accounting impartiality into question topical issues and so on. These all increase the demand for objective of asset impairment assessments.The particularity of the evaluation purpose requires that it both meet the requirements of accounting standards and in line with provisions of the evaluation guide. Therefore, accounting guidelines and valuation norms need be operative to guide them, and continued to be refined and improved in practice.In the context of the reality, this paper analyses the technical issues in implementation of impairment of assets evaluation like the object definition, selection of the of value, application assessment techniques and so on, and put forward formulated recommendations on the basis of relevant experiences. It is good to the perfection of relevant criteria, so as to lay the solid institutional basis for guiding practice, ultimately promoting the development of asset impairment assessments, improving quality of asset impairment accounting information.The paper is made up of the following5sections:Chapter â… is introduction, mainly introduces the research background and significance, contents and method, relevant research literature.The second chapter describes the relevant theoretical roots of asset impairment assessments. Firstly discussing asset impairment assessments not only has its theoretical roots, but also the inevitable demands of adapting to the new economic environment and optimizing the allocation of resources. Then describes more features through comparing similarities and differences with the traditional assessments. Finally part is the prospect analysis of it.Chapter â…¢ is one of the focus sections of this article, it analysis the problems in the implementation of impairment of assets. Mainly from the following three aspects:assessing object definition, value type selection and the application of assessment methods.The fourth chapter is mainly in response to these problems, put forward ideas and proposals relating to the promotion of asset impairment assessments. Recommendations are from three big aspects:first, in response to the above three problems, from the perspective of the guidelines and guidance, put recommendations for improvement on the basis of learning from international experience; The second part is from the standpoint of the relationship among assessment, accounting, and auditing to promoting the development of asset impairment assessments; Finally is focusing on the asset appraisers, making recommendations. |
