Fair Value In Accounting Measurement Of Derivative Financial Instruments In The Applied Research

A long time, the historical cost accounting has been the main mode of measurement, but with the economic development, in particular, derivatives are emerging, the history of the situation difficult to cope with the cost gradually. In order to maintain the usefulness of the accounting information quality, the standard-setting bodies have fair value of derivative financial instruments as a target.the issue of fair value of theoretical research and practice is still relatively lagging behind in China, the market economy development is not degree, domestic law is not perfect, the domestic development of derivative products has not yet mature, and the resultant abuse of fair value measurement attribute, or even fair value of the use of illegal operation, to obtain illegal benefits, the application of fair value to a certain degree of difficulty, the current financial crisis continues to prevail because of inappropriate use of fair value. how to prevent the use of fair value of the management to manipulate profits, how to establish and improve the use of fair value and the market environment to match and improve the monitoring, evaluation mechanisms and improve the reliability of fair value of our current top priority issues to be solved.The financial crisis will change the fair value of derivative financial instruments in the application to the extent of the white-hot. On the issue of accounting for exploration of the laws of the development, improve the accounting theory, and promote the accounting and other construction related disciplines have an important practical significance.In this paper, the definition of fair value from the analysis to start, and then set out four areas from fair value accounting to meet the needs of the development theory for the use of derivative financial instruments at fair value provides a theoretical basis. Awareness after the turn of the definition of derivative financial instruments, characteristics, types of shows that derivatives of the unique characteristics, it is bound to create a fair value of derivative financial instruments is the only measurement attribute. The fourth chapter will into the fair value of derivative financial instruments in the measurement of specific applications. The three parts of the fair value method to determine levels of detail, and four listed banks through 2008 annual report, to understand the new guidelines after the implementation of fair value of listed banks in China's use of the status, to identify problems, lessons learned , and then combined with the fair value of financial crisis on the impact and the impact of the discussions, further analysis of the fair value measurement of derivative products and the impact of the full text of the final summing up for the basis of the issues arising from the specific comments and suggestions.