A Study On Fair Value Measurement Attribution

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. At this time,A kind of economic value can reflect real condition of enterprise resource and abandon the historical cost comes to birth. That is 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 at the background of more fair value using in the new accounting standards,there are deep theoretical and practical significance in studying on fair value measurement attribute.Based on the present situation concerning the research on fair value home and abroad, the thesis demonstrates the background and its theoretical basis, puts emphasis on several difficult questions in application fields, and presents its development tendency.This thesis is divided into six chapters. Its main contents generalize as follows:The Chapter 1 PrefaceThis chapter introduces the textual research background,the research meaning,the textual research method,the key problem that this thesis solves,the contribution and the shortcomings of the thesis,then gives an overview to demestic and international relevant research on fair value.The Chapter 2 The History of Fair ValueThis chapter introduces the limitation of the historic cost.Because of the limitation,the historic cost can not satisfied the needs of the information users, so the fair value appearance in the historic stage first.Then analyzes fair value definition of many countries and organizations and it's characteristics.At last,gives the author's own definition of the fair value.The Chapter 3 The Ralated Questions About Fair ValueThis chapter introuduces the relationships between the fair value and the other measurement modes,point out the inevitability of using the fair value to measure the derivative financial instruments, then analyzes the present situation of using fair value.The Chapter 4 The Technology of Obtaining Fair ValueThis chapter analyzes the principle,influence factors and methods to obtain fair value,point out some difficulties of using the fair value,such as reliability of fair value and debt measurement.The Chapter 5 The Course of Using Fair ValueAnalyzes the using of fair value in China. There are threestages:①advocting fair value;②obviating fair value;③using fair value again. Analyzing the reasons of using fair value in different stages.The Chapter 6 The Future and Suggestion of Using Fair ValueThis chapter analyes the future of the fair value using in china and make some suggestions about it in china.Many people thinks it is hard to use fair value well again ,maybe it is right because many countries used fair value to operate profit in the past.but this time ,the new Accounting Standards requests using fair value carefully,so the future of using fair value is bright. At the preesent,we are using the fair value,but the application condition is not mature very well,maybe there will be many difficulties,so the author gives some her own suggestions.Making a general survey of this paper, the contribution of the paper are as follows:(1)At present,there are still some difference about the definition about the fair value in Domestic and foreign theory domain. Through collecting materials and thinking, the author gives her own definition to the fair value.(2)The author believe that if we do not consider the debtor's credit when debt measurement, that is means always discount the debt by no risk discount rate ,the outcome is not correct in the situation of marketization interest rate. So when using the fair value measurement,suggests considering the debtor's credit simultaneously. Because of the limit of experience and research level, the paper needs further perfection. I would appreciate very much if teachers and classmates give me suggestions. I would get on my research further in this filed.