Research On The Application Of The Fair Value On The New Accounting Standards Of China

With the dramatic development of knowledge economy and information society, accounts value deviate its market value seriously, making an influence right device. Since 1990's, fair value has become the focus of international accounting research, but there still has been many arguments, and the understanding is obscure, which made abusing in professional work. What is its nature, what relationship of the fair value and specific measurement property——the paper concerns them.Nowadays in the environment of innovation of market and finance, especially the transaction of derivatives made the history-cost-oriented useless, fair value has become only interrelated measurement. The use of fair value also is a key step that we get close to internationalization. To keep the information's quality, all the standard-making institutions try to measure all the derivatives by 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 there are deep theoretical and practical significance in studying on fair value measurement attribute.Ministry of finance published new accounting standard on Feb, 15, 2006, which brings fair value. It faces a lot of problems——how to prevent management control profit, build up a market environment matching fair value , consummate mechanism of supervision and evaluation, which are primary issues at that time. The paper centers on the theoretical support of the use of fair value.The paper introduces the nature of fair value, the definition, the relationship of the fair value and specific measurement property. The paper discusses the tactics of use the fair value in our china, makes empirical research on listed company 2006 and 2007 annual report dates, brings out the difficulty and reasons of use of fair value. At last, we put forward some tactics according to new standards from macroscopic and then form microscopic view to pave the way to carry out fair value.