Research On Fair Value Application By A View Of International Comparison

After the 21st century with rapid international trade and investment the development of multinational companies grows faster. Since the inception of IASC in 1972 under the sup-port of IOSCO, it develop the 40 core standards. In 2002, the U.S. accounting standard set-ters FASB signed a memorandum of understanding with IASB which are committed make the existing financial reporting standards as much as possible to achieve fully comparable. From 1 January 2005 onwards, more than 7,000 listed companies within the EU region gradually adopted the International Financial Reporting Standards, replacing 25 independent accounting standards. Canada, Australia, New Zealand, Japan, Singapore, Hong Kong, Chi-na have adopted international financial reporting standards with the strategic convergence in 2005 and has adopted IFRS or equivalent standards with IFRS.The measurement model of convergence is the key. In International accounting commu-nity, the overall trend is the increasing use of fair value. the application of fair value in Chi-na has a larger repeated. Ministry of Finance issued a document named Chinese Accounting Standards and International Financial Reporting Standards convergence road map (draft), which provides in 2011 of the national financial reporting standards and the continued over-all convergence. Therefore, the study with the International Financial Reporting Standards of the fair value, analysis of the existing differences and the reasons for the formation of the financial impact on the company, combined with China's reality, and improve the use of fair value, has a very important implication.This paper first study domestic and international research review on fair value, then the basic theory. Subsequently focus on the use of fair value in every country, then anaylzed the reason and proposed how to improve the use of the fair value. Finally, try to use a case to study the differences in investment real estate standards. Listed companies in China are mainly in the selection of investment real estate projects with A + H share companies, using its A-share market in China's accounting standards with the cost model, H-share market adoption of international accounting standards measured at fair value model the characteris-tics of investment property the two kinds of measurement modes is analyzed.