Fair Value And Its Application In China

For a long time,historical cost has been the main measurement mode,but with the development of economy and lots of new trade transactions come forth, it is difficult for historical cost to cope with the situation gradually. the change of current and future economic environment influencing on enterprise resources can be provided, fair value measurement gradually receives good graces .To keep the quality of information, all the standard-making institutions try to measure all the items by fair value. Inspect of many difficulties and resistances,the research on fair value is progressing. Problems and obstructions which come into being endlessly make the measurement of fair value become one of the hottest questions of the modern financial accounting. This paper researches the fair value from theory and using in China with the way of standard accountant.In theory, the dissertation researches on the general and related theories of fair value and makes it rich and perfect. In researching on general theories, the dissertation analyzes the concepts about fair value, level division, the choice of measurement methods, the proposal theory ,together with the range and the severe conditions of using it. In researching on related theories, the dissertation analyzes deeply the relation between fair value and other measurement attributions, making fair value is a compound measurement attribution and the author carries on the location between them from the value idea. Furthermore, the paper elaborates the relations between fair value and accounting object and so on.In practice, the dissertation analyzes the standards and measurements of application about fair value in China. Firstly, the dissertation reviews history and summarizes the three reasons of introducing fair value in China: the merits of fair value, the development of economical marketability and hastening with International accounting standards. Furthermore, the dissertation analyzes situation and standard of the application of fair value in our country, thinking that the fair value utilizes in our country is objective inevitably, which is moderate and discrete. Secondly,the dissertation selectively analyzes four questions and six disputes that the practice existed. Finally, Based on above elaboration, the dissertation points out the measure regarding the utilizations of fair value in our country in detail from the fundamental perfect, the criterion formulation and carrying out.