Research On Some Problems Of Fair Value Measurement

With the development of economic and the evolvement of accounting measurement, historical cost measurement undergoes more and more criticism. Whereas, because the change of current and future economic environment influencing on enterprise resources can be provided, fair value measurement gradually receives good graces. But these problems such as fair value how to enter the comparatively perfect accounting rules systems at present, how to obtain fair value correctly, and the credibility of fair value, are still more important tasks of accounting study whether abroad or home.The dissertation begins with some of the concepts about fair value, analyzes the meaning of fair and fair trade, then the definition of fair value. In the following chapter, bases on clarifying the theoretical origin of fair value measurement, the dissertation introduces the principles and the influence factors about fair value measurement, embodies the practical application of fair value under various conditions. The last part in paper focuses on some problems which exist in the practical operations, and discusses the countermeasures for improving fair value measurement.Based on consulting a great number of references, and studying the current research conclusion of fair value, the dissertation integrates the present situation concerning the research home and abroad, endeavors to provide some innovative viewpoints. The dissertation considers that fair value have abundant meaning as a multiple measure attribute. Historical cost, current market value, current cost, netrealizable value and present value of future cash flow are concretive expressive forms of fair value. The different choices about measure attributes and measure techniques lie on the different measure objects and measure demands which also are the premise and the basis of the feasibility of fair value measurement. Today the problems that the creditability should be strengthened are the main problems exist in the application of fair value measurement, so the strict and effective procedures should be set up to resolve the subjective estimate and the unconfirmed evaluation. Thus, fair value can measure the enterprise resources correctly and the accounting information with fair value is more relevant and credible than that with historical cost. We believe that fair value will play an important role in accounting measurement with the continually developing of domestic market economic and the widely handling of evaluation technique, and provide more relevant and credible accounting information for users.