| Real estate in the enterprise assets usually serves as fixed assets and intangible assets for the production and operation of the enterprise.For fixed assets enterprises,they are usually accounted for in the cost model.With the development of the economy,there are real estates with investment nature in the market.Fair value measurement is generally applied to financial assets with strong liquidity,and international applications in investment real estate are becoming more extensive,In order to achieve the integration with international accounting standards,China promulgated the investment real estate standard in 2006.Investment real estate will be distinguished from fixed assets and intangible assets,and become non-financial assets that can be measured using fair value.The guideline divides the scope of investment real estate,and provides detailed interpretation and regulations on the selection and application of measurement models.However,in the past ten years of the publication of the guidelines,the application and effect of fair value are not ideal in the domestic real estate market.There are still many problems in the application of fair value measurement in investment real estate in practice.In order to promote the application of fair value measurement,it is necessary to explore these issues.On the basis of reading relevant literature at home and abroad,this paper sorts out the concept of investment real estate and fair value and the related theory of fair value,and studies the problems existing in fair value measurement of investment real estate through case analysis.The article expounds the research background and significance of fair value measurement investment real estate.After briefly introducing the industry application status of fair value measurement in China,Combined with the annual report data disclosed by Yang Guang New Real Estate Co.,Ltd.,the author sorted out the company's current management status and the company's changes in the changes before and after the change of the investment real estate measurement model and the disclosure of fair value measurement.Then combined with the financial statement data,the impact is analyzed from the aspects of asset structure,net profit and shareholders' equity.Combined with the comparison of financial indicators before and after the change measurement model,the three aspects of fair value measurement are explained: reducing the asset-liability ratio,increasing the return on net assets,and reducing the asset turnover rate.Through analysis,it is found that Sunshine shares use the fair value measurement to increase the company's operational risk,the fair value acquisition cost is large,and the financial information reliability is reduced.The author summarizes these issues into three categories: risk,cost,and accounting information quality requirements.And to provide detailed disclosures on these issues,strengthen transparency;enhance management professional judgment,accelerate the establishment of information databases,introduce relevant technical talents,improve the company's performance standards,and improve the asset evaluation system and standardized evaluation methods.Finally,the full text is summarized and conclusions are drawn.Fair value measurement will make the company's profits more volatile,and the company chooses fair value measurement based on itself.If the fair value measurement is to be adopted by more enterprises,it needs the support of an effective real estate market and a sound real estate valuation system.Fair value measurement can fully exert the advantages of reliability and relevance in the active real estate market.How to effectively promote fair value measurement is still worthy of further study. |
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