Research On The Application Of Fair Value

Over the last decade, the fair value of the international accounting profession has been a hot issue. FASB and IASB, support to use fair value, and have a positive attitude to exploration and study. In china, fair value has been introduced as one of the measurement attribute, however, due to various reasons, such as profits manipulate, the implementation of the related standards has not reached satisfactory results. 2006, the Ministry of Finance of China issued a set of new Accounting Standards, which adopted fair value measurement attribute is the obvious characteristic. Especially along with new standards implemented in the quoted companies on 2007, it is important to reinforce theories and actual problems studying. The dissertation focuses on the application of fair value under this background of above. This paper applies norm studies mainly, through analysis fair value of content and theories foundation, demonstrating that fair value has superiority in theory. Then analysis the application of fair value in international, demonstrating that fair value has extensive in international, Fair value become the main accounting measurement attribute is an inevitable trend in the process of accountancy development. Secondly, it reviews three phases of fair value applications briefly in China. Then on the basis of using normative research, it analyses the difficulty and obstacles in the application of fair value in China via a series of case studies, find out the problems which the application of fair value in our country. Finally, we put forward some suggestions on the using of fair value, including establishment a frame of fair value which apply to our country; perfect the outside guarantee; strengthen the inside construction. This is the main point of the dissertation, some suggestions are provided for applying fair value in China.