Research On Fair Value Measurement In Our Country

Fair value measurement always been one of the most challenging issues in the international accounting theory forefront in the recent decades. Because fair value measurement can Provide the reality information for investors, it can help investors to make right decisions. Now it becomes one of accepted accounting measurement attribute in the developed countries. The application of fair value undergoes iterative phase in china.The ministry of finance issued new accounting standards on February 15, 2006 and came back to the way of using fair value.At the same time , the financial crisis happened in the west country bring strong damage to the financial industry of the west.the application of Fair value challenged.What influence will it bring to the financing situation and operating result of financial enterprise? Will it bring strong damage to the financial industry like west?What question will it occur in the practical application?In such background , this paper deeply analyses the application of fair value in idiographic accounting standard. Make statistical analysis of listed financial company 2007 annual and 2008 Semi-annual report and expatiates the influence of fair value application to operating results and financial situation. At the same time ,it proposes the reality question and solutions in implementing fair value.Although the application of fair value exists many difficulties in the current economic environmeng, along with increase of governmeng guidance and knowledge of accountant, development of asset evaluation, the perfection of internal control system, the reliability and maneuverability of fair value will further enhance. The application of fair value will be beneficial to the perfection and development of capital market.