The Fair Value Of The Correlation Value

Over the last decade, the fair value of the international accounting profession has been a hot issue. Although the fair value measurement attributes in the U.S. GAAP and international accounting standards has been more widely used, our new system of accounting standards is also in the international convergence of accounting standards in the context of a certain range, and to some extent the introduction of the fair value However, the standard-setting bodies, enterprises, social organizations and academic fair value for trade-offs are still controversial, there is no conclusion.Standard-setter's original purpose of the fair value is that it can provide more relevant accounting information, more relevant accounting information can better reflect the financial position and operating results and help investors to understand the real situation of enterprises, make rational investment decisions. Then, after the adoption of fair value, the value relevance of accounting information is as expected as they have been improved? I hope that through the combination of normative and empirical research methods on the value relevance of fair value of the related questions of tests and analysis, to answer the questions.Based on the standard research, first, start with theoretical analysis, defines the concept of the value relevance of fair value, analysis of the value relevance of the fair value of the correlation theoretical basis and reviewed on study abroad. Meanwhile, the capital of a listed company at the fair market value accounting measurement of the impact of accounting information and market reactions caused by the value of the fair value of correlation.In empirical research, through the establishment of fair value pricing model to study correlation value, and concluded: compared to historical cost measurement model, the new accounting standards used with caution fair value model can significantly improve enterprise financial data associated with the stock price ; changes of fair value of financial assets available-for-sale and loss or profit from changes of fair value are both correlated with the stock price. It shows to some extent by the new guidelines in the preparation of financial statements the use of fair value were significantly improved the value relevance of accounting information. Dispel the doubts of the fair value measurement, so that their use of fair value in China's confidence.In the last part, combinating the results of normative and empirical research done before,identify difficult to the use of fair value, and puts forward some suggestions of improvement, more detailed theory for building a unified practical application of the fair value of a reference guide.