Fair Value Of Debt Restructuring In The Application Of The Criteria

China's accounting standards of fair value measurement attribute first introduced in 1998 issued guidelines for corporate debt restructuring, the fair value measurement attribute criteria in the restructuring of debt associated with its change of accounting standards in China have also experienced a corresponding opening, avoid, reuse three stages.This article first on the fair value measurement properties and debt restructuring, an overview of the relevant theory, and on this basis, analyzes the attributes of fair value measurement in 2006, new guidelines issued by the application of debt restructuring.By comparing the three criteria for the revised debt restructuring similarities and differences, analysis of the fair value measurement attribute criteria in the application of new debt restructuring favorable terms, that the application of fair value measurement has some limitations, and puts forward the corresponding solutions.Corporate debt restructuring in order to avoid when making use of the fair value of the artificial manipulation of profit, therefore, assets or liabilities measured at fair value is particularly important.This paper analyzes the debt restructuring guidelines of fair value measurement issues, not only the fair value of the assets of the measurement method, but also the fair value of the liabilities of the relevant theories and methods.In a traditional market approach, cost approach and income approach, based on the introduction of a risk-adjusted cash flow, risk-adjusted discount rate method, adjusted cash flow and adjusted discount rate method, detailed analysis of the conditions and limitations of their application sex.The introduction of the new method not only increased the fair value of the access way to make assets or liabilities measured at fair value is more scientific and reliable, and to some extent contain the enterprises that the increase in fair value to manipulate the behavior of corporate profits.The author believes that the new debt restructuring guidelines embodied in many of the fair value method and the concept of the actual situation in China now have a gap, whether it is China's accounting theory and practice is a challenge, but itWith this challenge to promote continuous improvement of China-related standard accounting practice of accounting theory and operation, to a certain extent, promote the cause of our continuous development of accounting.