The Current "non-monetary Transactions Guidelines

It is a usual trick for company that use exchange without money to steer profit.Despite The Exchequer emend issued Industry Accounting Standards-Standard Of Exchange Without Money in one year, alter metric base of assets exchanged into company and avoid using fair value in order to restrain deed of steering profits, but new Standard that avoid using fair value is not a 'lifesaving haulm' that prevent from steering profit via exchange without money. Somebody who has intention on prettify profit think out 'wiser' thick to escape from tie of new Standard, which show fair value itself has no 'offence'. Moreover, in exchange without money using fair value measure can enhance relativity and credibility of financial information and avoid many flaw of using book value measure. Someone think, despite fair value has many advantages, but it has no feasibility under the inactive market condition of our country. In fact, using fair value do not surly need active market condition. Using the way of assets evaluation may confirm fair value of assets that are inactive in the market. So, using fair value measure has feasibility under today's market condition of our country. It is a issue how to go on 'systemic engineering' of constructing fair value in our country, develop assets evaluation enterprise from many sides including law, education, supervisor, scientific research etc. and ensure evaluation outcome the fairness by reinforcing the independence of evaluation course. The research target of this thesis is bringing forward a point of view of setting fair value as metric basis of Accounting Standard Of Exchange Without Money on the basis of probe into researching the feasibility of fair value under today's market condition of our country.