A Comparative Study On Fair Value Of Assets And The Value Of Asset Valuation

It is the China's urgent need to improve the fair value measurement system for the smooth implementation of new accounting standards in which the fair value is wildly used; that the asset valuer intervene in the fair value measurement in accounting is also an inevitable trend because the fair value measurement for the lands, buildings, patents and other assets is very complicated.The fair value of assets and the value of the assets valuation are both estimate for the value of the assets, the in-depth comparative study to the similarities and differences between the fair value of assets and the value of the assets valuation and the improvement of the fair value measurement system has a great significance both in theory and practice.At this stage, the academe of accounting and assets valuation has compared fair value of assets with the value of assets valuation only on the concept, in order to smoothly promote the implementation of the fair value and the wide-ranging cooperation of the accounting profession and the assets valuation, the paper compare fair value of assets with the value of assets valuation roundly on the concept, the measurement and the disclosure.Based on the analysis of the concepts of the assets and the measurement in accounting and asset valuation, this paper explained some concept related to fair value of the assets in accounting and the value in asset valuation, and it explained fair value of the assets and the value in assets valuation by the utility theory ; it reached that the concepts and the purposes of fair value of the assets in accounting and the value in asset valuation decided the differences in methods,the principles and the process of measurement, and it analyzed the deficiencies of fair value of assets and the value of assets valuation in the measurement and disclosure; according to the results of the comparison and analysis of the limitations of the measurement method, the writer think the measurement technology of fair value should be improved through the development of detailed guidelines for measuring fair value of assets, the research and the promotion of fair value model, the establishment of market information database, the disclosure of fair value of assets should be expanded, and the paper also put forward some specific policies and recommendations for the establishment of a suitable environment for fair value measurement.