Fair Value And Its Application: Foretime And Aftertime

In the history of accounting, measurement is always the core. The key of measurement is the choice of accounting measurement mode, whose key is the choice of accounting measurement attribute. Research to Fair Value aboard has already had a history of several decades, which is too new to our country. It's about 90's in 20th when Fair Value hit into China. Chinese Ministry of Finance released"the business enterprise accountancy's standard-basic standard"and 38 concrete standards on Feb 15th, 2006, and request to be extensive adoption since Jan 1st, 2007 between stock corporations. It symbolizes pivotal step of our accounting rules parallel to the international standard .However,it's very careful that our country lead in Fair Value. There are many restrictions on the use of Fair Value. What the economic background does the Fair Value raise? What is Fair Value?What the relationship between Fair Value and other measurement attribute? How to calculate Fair Value accurately? Is there any problem ready to resolve in China? These all need to carry on a thorough research and study.The thesis goes deep into analysis on the background that the Fair Value raise with economics, statistics and accounting points of view and the method of norm research, makes reference to many researches related domestic and overseas combined with the state of nation. The research looks forward to the ways of Fair Value measurement and informational from the concept and the metal of it. The thesis points out that generalized Fair Value is a kind of principle. Generalized Fair Value is the extension of the historical cost calculates mode. Narrow sense of Fair Value is an attribute, who reflects a kind of price that imitates market, is a result on some rate's to the change of market information. This thesis aim at raise accounting theories study level and accounting information quality of our country. It will be advantageous to deeper research of Fair Value problem, and also have certain of practice instruction function to application in our country.