The Research Of Fair Value Applied To Company In Post-financial Crisis

Our government’s attitudes towards fair value has always been cautiousapplication, use of fair value has experienced the use-deprecated-restartprocess. In order convergence with international accounting practices whilelimited to the Chinese market and other conditions, to re-enable the fair value isbased on the attitude of caution, conditionally applications.2008subprimemortgage crisis triggered by the financial crisis fully hit is a huge application offair value, the fair value have a sudden become the focus of the abolition ofpublic concern. In the United States, represented by Wall Street financial giantswould have blamed the outbreak of the financial crisis of fair value, and with U.S.political support. To FASB (Financial Accounting Standards Board), led by theaccounting profession ultimately make concessions, which means that fair valueaccounting should be modified. In our country, while in2007the fair value sincebeen widely applied again, due to the outbreak of the financial crisis, fair valuehas been a severe test, many of the financial sector and the root causes of thefinancial crisis blamed on fair value. However, scholars agree that the accountingprofession, compared with the other four measurement methods, the fair value ofits superiority and are more practical. In turn, the fair value of the pro-cyclicaleffects of the financial crisis intensified, indicating that it is not perfect flawless,for lack of its appearance, its reform should proceed.In this paper, the fair value of the development process as a starting point,the impact of the financial crisis on the fair value of the factors taken intoaccount, systematic analysis of historical reasons and practical reasons of fairvalue in our implementation. In our application, the fair value of the financialcrisis, this article focuses on the application of listed companies were analyzedfrom the financial sector in general and non-financial sector, pointed out theeconomic consequences of the fair value of the post-crisis era generated application:(1) to the financial crisis,"magnifying glass" effect; increase (2) thefair value valuation of technical difficulty;(3) reduce the quality of corporateearnings. Therefore, this article specifically affect the fair value of the enterpriseto conduct empirical research, research in two ways: on the one hand, fromfinancial instruments, investment property and non-monetary assets exchangetripartite face the impact of the financial statements of listed companies studied,on the other hand, the impact on business value modeling analysis, research therelationship between the fair value and share price. Finally, this article throughthe two aspects combined with empirical results put forward some proposals toperfect the use of fair value.