Fair Value Measurement Attribute

Measurement is one of the core parts of accounting. Trational accounting model is based on historical cost measurement. But since 1970's especially 1990's, great changes have taken place in accounting environment. So people require to modify it, and even to innovate it. In order to adapt these changes , some standard--setting bodies such as FASB have put forward a new concept, fair value ,and applied it to new issued accounting standards step by step.Based on the present situation concerning the research on fair value home and abroad, the thesis demonstrates the background and its theoretical basis, puts emphasis on several difficult questions in application fields, and presents its development tendency.By use of inducement method, the thesis provides its relevant concepts and theories after introducing the research results and seeking some resources.The paper intends to solve those hard questions raised in the application of fair value by analysis. Meanwhile, the paper also discovers the gap between home and abroad and points out the tendency after considering the application situation in China by use of contrast.By use of counterevidence, the paper shows that accounting information with fair value is not only highly relevant but also credible in order to overcome the obstacle.The original viewpoint is that accounting information with fair value is not only highly relevant but also credible fair value measurement and profit operation is not necessarily related. it's not highly required to apply fair value in market . The paper tries to provide fresh ideas on this point.Author hope to direct the theory and practice in somewhat and offer academic preparation for fair value in our accounting practice.