Research On Exertion Of Fair Value Measurement

With the enterprise accounting standard (2006) brought into force, fair value measurement became the focus attention once more.In late of 1990s, fair value measurement was put into use in our enterprise accounting standard. Because of a series of financial fraudulent practices in early 21th century, exertion of fair value measurement in CAS was not allowed. But in the new enterprise accounting standard system, fair value measurement was taken as a measurement basis clearly and was used in 17 accounting standards. These changes reflected the demand of coming close to the international accounting standard and the hope of improvement qualities of our accounting information.The basic structure of this dissertation is arranged as follows:The first section: introduction. This section introduces the intention and methods of research and some literatures related.The second section: research on the definition of fair value measurement. In this section, the author will point out the limitation of the definition of fair value measurement in our present accounting standards by means of comparing the definition of fair value measurement in IAS and CAS.The third section: construction of fair value measurement mode in CAS. The author will analyze fair value measurement mode in CAS from the aspects of measurement of assets and decision of income. The fourth section: analysis of problems arisen from use of fair value measurement in CAS. In this section, the author will analyze some problems, such as the difficulties of fair value measurement, people's misunderstanding about fair value measurement, the systematic deficiencies of fair value measurement in CAS, ect.The fifth section: improvement approach of fair value measurement. The author will discuss improvement approach of fair value measurement, using the latest production of FV for reference.The last section is conclusion.The complexity and particularity of fair value measurement, the development degree of our market economy, which decide that exertion of fair value measurement in our country must go through a long process, including improvement in theories, technologies and people's mind. We should take international experience for reference and take our practicality into consideration. Only in this way, can we improve the accounting standard of fair value measurement. Only in this way, can value measurement serve our accounting information and our capital market well.