On The Comparison Of The Fair Value Measurement Between Chinese New Accounting Standards And Us SFAS157

On September 15, 2006, FASB issued the Statement of Financial Accounting Standards No.157 Notice (SFAS157) by the official press"the fair value measurement", International Accounting Standards Committee has also stepped up to the pace of formulating uniform guidelines for the fair value measurement, and then issued a draft based on the SFAS157 .From all of that we can see the development of uniform guidelines for the fair value measurement has become a trend. With the continuous improvement of our overall national strength, Our position in the international is also growing. Although we have made some progress about setting the guidelines, the impact is still not enough. So we shouldn't closely follow with the other behind, but should follow the trend and act quickly to find and solve problems from practice, get continuous progress and win more voice and influence.This is the meaning about the comparison of the criteria for the fair value measurement.There are two main parts about the comparative analysis in the article. One is the evolution of the fair value measurement criteria and the comparative between Sino-Us about the external factors of the environment and the scope of application. The other top priority research is the internal definition of the guidelines, the method of measurement of levels and disclosure. This article described in detail the time of confirming the fair value, the choice of the place, the advantages and disadvantages of recorded price and sells price, the overall view of market participants and so on. The article detailed comparative analysis of relevant policy recommendations put forward, and studies have found that the fair value measurement of the use and development is a systematic project, not only requires its own thorough development of the various aspects also need supporting facilities.The article hope our country can draw up the uniform fair value criteria as soon as possible and make it more operational, in line with the actual situation in our country and based on learning the advanced fair value theories of the other countries,so as to make the fair value get more faster and more better development and play a great role in practice. At the same time the author also expect that to some extent the paper's ideas and conclusions can make the positive impact on specific formulation of the fair value measurement under the background of the convergence and equivalent about the accounting standards.