| As China's investment in the real estate market has just entered the stage of accelerated development, many real estate investment and greater appreciation potential is expected to be sustained, the majority of investment in real estate after several years, its market value will not Provision for depreciation and Lower than the initial investment cost, but also often higher than its initial investment cost and access to significant value-added space, making investment in real estate and fixed assets of enterprises in general have great differences, in recent years, as China's real estate prices of long-term Higher (in Beijing, Shanghai, Shenzhen as the main representative), led to the use of historical cost and the accounting book value and the reality of the true market value between a huge departure from. How true reflection of the solvency of enterprises, profitability, and correctly reflect the value of corporate accounting measures become an urgent need in the work. But in our current accounting system and accounting standards, companies will have the nature of real estate investment equivalent to the general view of fixed assets, measures adopted at historical cost depreciation and Provision of phased approach, the real estate at historical cost in mind Into the business of fixed assets, intangible assets and other assets, and their estimated useful life for depreciation and amortization from the accounting end of the period to less depreciation, amortization and asset impairment as the amount of book value. In this mode, fixed assets or intangible assets with net book value of depreciation and amortization and steady decline in investment in real estate not be able to demonstrate the value-added part, on the one hand, investment in real estate in accordance with the provisions of the accounting standards of its true value can not be Effectively reflect the other hand, most of the country where the investment real estate prices continue to rise, real estate staggering profits.This article first two chapters mainly on the relevant provisions of the old and new criteria for comparison, also on the new norms and international accounting standards to explore the difference between the new criteria and guidelines for international comparison of room for improvement in the local recommendations。Chapter III of this paper, real estate guidelines on the use of fair value of the relevant issues to explore further, mainly on the definition of fair value, fair value model and the advantages of fair value measurement difficulties. First, the definition of fair value, with different organizations on the fair value of the definition of their common ground, while the definition of the assumptions and constraints to make a specific analysis. Second, the fair value model for unsurpassed superiority. In the fair value model, companies not to invest in real estate Provision for depreciation or amortization, and to the balance sheet date of the real estate investment to the fair value adjustments based on their book value, fair value and the original book value of the difference between the From the current profit and loss. At the same time also on the fair value model is a real estate investment of the enterprises to solve the problems of a good way: from business operators, investors, enterprises and other areas for analysis. Finally, from the macroeconomic level, the micro-level of investment in real estate fair value model for the plight of analysis, also pointed out that the investment in real estate fair value of the path chosen, the national policy should be in place as the national policy Support of the micro-What should be the main strategy of choice.Chapter IV of this paper, the main use of fair value, change the mode of measurement for assets and the impact of changes in the enterprise.Chapter V of this paper, through the example of the company, Financial Street real estate investment guidelines reflect the impact theory on specific cases. Finance Street company declared since January 1, 2008 to invest in real estate from the use of fair value model to follow-up measures. In follow-up measures in the conversion for at fair value measurement model as a change in accounting policy the company 2007 annual report of the impact, including its impact on the owner's equity and profits in two aspects.First, the adoption of a new model of fair value accounting standards in the first year, the company adjusted to take Zhuishuo the way, adjust the beginning of owner's equity, in the current real estate prices generally higher than the historical cost of the circumstances at fair value measurement model, the impact The result: last year, the company's capital surplus increases dramatically, rights and interests of owners will increase.Secondly, the use of fair value of the investment patterns of real estate measures, and do not include investment in real estate depreciation or amortization costs (of land use rights), non-Provision for impairment and investment to the end of the fair value of real estate Basis to adjust its book value, fair value and the original book value of the difference between gains and losses included in the current period, from the cost model into a model of fair value accounting policy changes, the introduction of new accounting standards in the first year, listed companies will adopt the retroactive adjustment method , On the rights and interests of the shareholders of adjustment, these companies last year, the net assets will therefore be more substantial upgrade, and is conducive to expanding the scale of the company.Third, in the case of the appreciation of real estate, investment and the fair value of real estate are generally higher than the cost price. The use of fair value pricing, it will be the balance sheet date of the real estate investment and the fair value of the difference between the book value gains and losses included in the current period, thereby increasing the company's profits.Finally, the use of fair value of the relevant market conditions and regulatory departments to improve the relevant recommendations. |
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