Explore The Use Of Fair Value In China

With the dramatic development of knowledge economy and information society , accounts value deviates its market value seriously, making an influence right device. Since 1990's, fair value has become the focus of international accounting research, but there still has been many arguments, and the understanding is obscure, which made abusing in professional work. What is its nature ,whatrelationship of the fair value and specific measurement property-the paperconcerns them.Nowadays in the environment of innovation of market and finance, especially the transaction of derivatives made the history-cost-oriented useless, fair value has become only interrelated measurement. The use of fair value also is a key step that we get close to internationalization. To keep the information's quality, all the standard-making institutions try to measure all the derivatives by fair value. Inspect of many difficulties and resistances, the research on fair value is progressing, and the fair value has pervaded into other items' measurements and dealing methods. Using fair value comprehensively is the tendency, and the research .on it in our country lags as well practical operation. So there are deep theoretical and practical significance in studying on fair value measurement attribute.Ministry of finance published new accounting standard on Feb, 15, 2006,which brings fair value. It faces a lot of problems-how to prevent managementcontrol profit, build up a market environment matching fair value , consummate mechanism of supervision and evaluation , which are primary issues at that time. The paper centers on the theoretical support of the use of fair value. It concludes four chapters:Chapter 1, the basic theory of fair value. It concludes three parts, introduce the definition, the meaning of fair value, and the relationship of the fair value and specific measurement property .definite fair value measurement by researching its existence ways and evaluation methods.Chapter 2, it discusses the tactics of use the fair value in our country . It concludes four parts. Firstly, reviews the use fair value before new principle, secondly, compares the new and old accounting standards about fair value, thirdly, analyzes its influence ,advantage and disadvantage, then give some view of mine .Chapter 3, it brings out the difficulty and the reasons of that. It concludes two parts, Firstly, it analyzes the superiority and the necessity in our country, then dissects embarrass and the reasons, secondly, points out the challenge of use fair value.Chapter 4, It concludes two parts, firstly, brings out some tactics according to new standards from macroscopic and then from microscopic view to pave the way to carry out fair value.