| Compared with foreign countries,investment real estate appears later in China.Only in 2006 did China formally incorporate the concepts of investment real estate and fair value into accounting standards.Accounting Standard No.3 promulgated in 2006 has brought two kinds of measurement options to enterprises.Fair value model of investment real estate has become a popular trend in the world,so our country will inevitably learn and learn from this good accounting measurement model,which is also the only way for our country to enter the international market and keep close to the international market.China has been actively promoting the fair value model.Enterprises are encouraged to use the fair value measurement model.In order to encourage Chinese enterprises to actively try this new model,China promulgated Accounting Standard 39 in 2014.The criteria clarify the operation process of applying fair value model,the items disclosed in the annual report,valuation technology,hierarchy and other related issues,and put forward more stringent requirements for the disclosure of fair value,as well as more stringent regulatory system.In China,there are more and more enterprises with investment real estate,but few choose fair value measurement model.But a small number of enterprises using fair value are also in the process of enterprise operation,there are many kinds of problems,these problems hinder the Promotion of fair value in our country.Therefore,in order to better promote fair value measurement model in our country and avoid the current problems of fair value,this paper intentionally selects an investment real estate enterprise using fair value measurement to analyze the impact of fair value measurement model on enterprises and whether these reasons hinder other enterprises from choosing fair value measurement.And the problems arising from the choice of fair value.Through the analysis of the causes of the problems,we can purposefully and pertinently provide help for the current difficulties faced by enterprises and find solutions to them.This paper takes Guanfu Co.,Ltd.as an example to study the application of specific fair value measurement model in investment real estate.Firstly,we analyze the problems of the fair value measurement model in the investment real estate of Guanfu stock company,such as the difficulty of obtaining fair value,the volatility of financial situation of enterprises caused by fair value,and the false increase of assets of enterprises caused by the fair value measurement model.And the causes of these problems and the consequences of these problems for enterprises.Next,the impact of fair value model on the important financial indicators of Guanfu Co.,Ltd.is analyzed,and whether the fair value has unstable economic fluctuations on the indicators is obtained.For example,the ratio of assets to liabilities related to solvency,net profit and operating profit related to profitability,etc.Finally,combined with the actual business situation of Guanfu Co.,Ltd.,we put forward reasonable and targeted suggestions for it,so as to provide experience and lessons forenterprises with investment real estate.Finally,the author puts forward six suggestions:first,to slow down the information fluctuation brought by the fair value measurement model to the financial information of enterprises;second,to improve the information channels for obtaining fair value;third,to clarify the information disclosure of fair value;fourth,to strengthen the learning of standards and improve the standards;fifth,to update accounting concepts and improve professional literacy;sixth,to strengthen the internal control of enterprises.I hope these suggestions can provide some help for the enterprises that will use the fair value of investment real estate and those that have used the fair value of investment real estate. |
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