A Study On The Effects Of Fair Value' Application On Corporation' Book Profit

On the February 15,2006, the treasury department issued new accounting principle, which included a basic criteria and 38 specific guidelines, and it would be used on the January 1,2007 in Listed Companies. It shows that China's accounting standards with international accounting standards convergence, and the enterprise of the new accounting standards by leaps and bounds and historic breakthrough. In 2007 the application of new accounting standards for listed companies had a certain impact.In this thesis, defined the fair value of the relevant theories first, reviewed the development of the application of fair value at home and abroad in the history, significance of application, and so on. And then, discuss the influence on fair value of the company's performance. As the fair value measurement methods do not exist independently, its effects through the application of specific performance criteria. So,we discuss the which specific guidelines will impact company performance because Fair value be used. Then use case analysis, Several forms of the use of fair value and will have a greater influence on the guidelines, the analysis shows a clear degree and method. The next, according to the situation of fair value effect the financial instruments empirically examined, The total regression proved that the company performance and the volatility of fair value measurement there is a certain correlation. Finally, summed up the fair value of the difficulties and solutions, that the fair value measurement to be aware of the problem.