A Study On The Using Of Fair Value

In the knowledge economy, the economic environment fluctuates violently. The book value of accounting entity's economic resource based on the historical cost can't reflect its market value, which misleads the decision of investors. A kind of economic value that can reflect real condition of enterprise resource and abandon the historical cost comes to birth. That is fair value.For a long time, historical cost has been the main measurement mode, but with the development of economy, especially lots of derivative financial instruments come forth. It is difficult for historical cost to cope with the situation gradually. To keep the information's quality, all the standard-making institutions try to measure all the derivatives by fair value. Inspect of many difficulties and resistances, the research on fair value is progressing, and the fair value has pervaded into other items' measurements and dealing methods. Using fair value comprehensively is the tendency, and the research on it in our country lags as well practical operation. So there are deep theoretical and practical significance in studying on fair value measurement attribute.This thesis is divided into seven chapters. Its main contents generalizes as follows:The Chapter 1 introduces the textual research background and the research meaning, the carrying on an overview to domestic and international relevant research on fair value, and the textual research method and the key problem that this thesis solve.The Chapter 2 analyzes the fair value concept. Fair value's characteristics comparing with historical cost.The Chapter 3 analyzes the method to obtain fair value and give some opinions on these methods.The Chapter 4 and the Chapter 5 respectively generalizes the using of fair value in IAS and SFAS.The Chapter6 analyzes the using of fair value in China. There are three stages: ①advocating fair value;②obviating fair value;③using fair value again. Analyzing the reasons of the using of fair value in different stages.The Chapter 7 makes some suggestions on the using of fair value in china,according to the present market environment in China.