The Research On The Model Of Fair Value

At the late of the 20th century, the global economic environment has undergone a series of major and profound changes, accounting for bringing a tremendous impact and challenges. Economic and social changes and risk measurement requirements of the accounting basis from historical cost basis to a more relevant measure of the value basis. China has issued a number of requests to use the fair value accounting rules, such as debt restructuring, investment, non-monetary transactions, but in 2001 an amendment to the guidelines, the abolition of a fair value measurement requirements. Along with China's economic and social aspects of the continuously developed, in February ,2006. China's Ministry of Finance issued a enterprises basic norms of 38 specific guidelines are also extensively involved in the fair value measurement, and the specific standard measurement of the fair value of "financial tools to identify and provide provisional measures (implemented)" (hereinafter referred to as "regulation " ), also in 2006 in preparation for the listing and the listing of the commercial banks trial. Fair value accounting norms in our system application of the "snags" suddenly emerged people to the fair value measurement of the unfamiliar mode and doubts. However, the fair value is still much controversy and neglect, including fair value attributes the exact definition fair value of the relevance, the fair value method to determine the fair value of the applicable conditions, and so on. Based on the fair value measurement of the theory, methods, domestic and international fair value comparison and the implementation of the new accounting criteria of the interests of the shareholders of listed companies reconciliations annual report of the study , and then Syndrome awareness fair value measurement attribute, fair value in the implementation of our proposed rationalization proposals, At present, it is extremely necessary. The paper amounts to seven chapters.Chapter one is the introduction. It introduces the thesis research background and significance, the theoretical basis and methods of the main contents of the framework and the research status and Literature Review.Chapter two is the accounting measurement. Measurement discusses the origin, from the concept of measurement, characteristics, measurable definition of the introduction of accounting theory and measurement of financial accounting in the importance of education and analysis; Accounting discussed the meaning and measurement of the accounting measurement of the five attributes, and on the basis of this set of fair value and other traditional measurement attribute relations.Chapter three is the fair value measurement at home and abroad formation and development course. This chapter which about fair values at home and abroad has the background and history, using comparative analysis method that the fair value of the application environment at home and abroad and the reasons for the difference.Chapter four is the fair value measurement attribute the theory perspective. This chapter deals mainly with the fair value of the content and essence, fair value and the theoretical premise of fair value, the application of theoretical basis.Chapter five is the fair value measurement method. This section describes the fair value measurement method and the use of technology to determine the present value of fair value, and the current value of the technology introduced, and the present value of the fair value and the relationship between the estimated future cash flows and present value of the fair value of the relationship between sub-areas such as Analysis.Chapter six is the old and new fair value accounting guidelines regulating the interests of the shareholders table use. Introduction of this chapter with the fair value of the 2006 annual report of the old and new accounting standards regulating the interests of the shareholders of the basic table , and the analysis of closely related to the fair value of the four financial indicators, namely, earnings per share and net assets per share. net rate of return and net profit. And study a random sample of 60 listed companies in the interests of shareholders reconciliations, revealing the four financial indicators show a slow, decline and the rising trend of reasons.Chapter seven is the Fair Value Measurement models related vision problems and suggestions. The chapter describes the fair value in our application of significance, and against fair value measurement mode of the problems that exist, raised expectations and recommendations with a view to fair value in our application to provide a theoretical support and reference.In this paper, the novelty as follows:1. A lot of experts are on the concept of fair value of its analysis, and they have not links to the fair value of which the specific conditions and the environment, is a relatively static and mechanical analysis. This paper from the Marxist philosophy of development, the fair value measurement of the concept of attribute analysis, come to the essence of fair value is a value, for the measurement of target an objective value (value) reflected.2. The latest data extraction and analysis of critical data. As from March 20, 2007 have been released by the 157 listed companies reconciliations interests of the shareholders annual report, Random testing for the 60, the calculation of each company's earnings per share and net assets per share net rate of return and net profit of four with the fair value measurement closely related to the financial targets. It is concluded that, although the interests of the shareholders in the annual report reconciliations large scale introduction of the fair value measurement, and no real sense to change the valuation of listed companies. Instead, the fair value of the investment will use the proceeds of accounting measurement results more objective, This will not directly affect the general impact of the growth of enterprises and the continued viability of the system.