Applied Research About Fair Value Measurement Attribute In China

Measurement is one of the core parts of accounting. The variability and risk of economy society bring up new demands with foundation of accounting measurement basis. It is the general situation to using fair value measurement foundation substitute historical cost measurement foundation. In the last several decades, fair value problems have been the hotspot and difficulty problem of the international accounting leading edge. Our accountancy educational circles just start the research on fair value, theorists put a good many doubts about the reliability of fair value. Specially, it is just the very beginning investigate stage to how applied fair value by accounting actual situation field. The extensive use of fair value in accounting standards which were issued by our country's treasury in February, 2006 emblematize that fair value has already got into the practice stage of our country.This article first proceed with the theories foundation of related concept commences of fair value, using the emphases analyses on fair value's essential characteristic such as fair, faithfulness, dynamic reality and estimate judgment as basis, then launch analysis on the relationship between fair value and other accounting attributes, investigating on how to obtain fair value, and representing the principle, procedure, method while the obtaining. After inducing international accounting standards and American accounting standards, the writer summarize several major trends which reflect in the process of fair value. Look back on our country, fair value measurement experience is full of twists and turns. Investigating its reason, including market environment and assess technology, as well as the supervision by internal and external management and accountant occupation characters. The article concentrated on the measurement of fair value in our country, divided research object into two parts: financial instruments items and non-financial instruments items. The former one mainly discussed measurement of financial assets and financial liabilities, specially, considering the influence by the credit status of debts individual. The latter one discussed measurement problem with inventory, fixed assets, intangible assets and other non-financial instruments, then bring up some new viewpoint on the measurement of foreign currency trading and income tax.The innovation viewpoint of this article: fair value reflect value rather than price, it is not especially mean only one kind of attributes, whereas it could represent through multiversity performance. The obtain principle, acquisition program and obtain means is a whole organic, only using them effectively, the relevant and reliability as well as decision usefulness of fair value can be guaranteed.