The Research On The Application Of Fair Value In Financial Instruments

With the globalization of economy development, financial innovation and financial tools by leaps and bounds, breed rapidly widening trade scale more diverse, more complex, with technology development of financial tools, fair value also is taken seriously more and more, fair value because of its no insteadable advantages in international gradually getting attention and canonization. Developed countries in the accounting standards are introduced, and the fair value of the succession that fair value measurement attribute is best financial tools. China's ministry of finance issued in 2006 in the new accounting standard, the fair value of introduction, especially in becoming tom.com accounting standards for financial tools of the comprehensive application embodies the Chinese financial tools accounting standards and international accounting financial tools criterion of convergence. Facing the FASB and IASB on fair value in financial application tool standards in China gradually, explore the fair value of the application in financial tools standards should be treacherous? In practice, how to establish the financial tools standards to make fair value foster strengths and circumvent weaknesses? These problems are waiting for us to study.This paper selects the accounting and financial circles are very concern in financial instruments, the fair value of the application of this topic rule launched research, specifically, this article mainly includes five parts:the first part is mainly introduced in this paper, the introduction of the research background, the research significance and research method, the main scholars both at home and abroad are summarized research viewpoint. The second part is the theoretical research of fair value, the first part of the definition, secondly elaborated on defining the fair value theory basis:decision-making availability, overall income theory and the quality of accounting information theory; Again the fair value and analyzed several other measurement attributes, it is concluded that the relationship between the fair value measurement attribute financial tools is the best results. The third part analyzes international financial accounting standards board and U.S. accounting standards board and China's ministry of finance to the evolution of financial tools standards. Compared with China's financial tools standards, the similarities and differences between us financial tools standards. The fourth part is an empirical analysis of the sample data, through part of choice and variable index selection, constructing the multivariate linear regression model, use of SPSS software related study key factors. The fifth part summarizes research conclusion, according to research findings.Study found that 1, compared to other several measurement attributes, fair value measurement attribute financial tools is best, but the fair value measurement is not perfect measurement model, its advantages and disadvantages coexist, fair-value vulnerable to shun cycle effect and can aggravate profits of volatility.2, FASB advocating a complete according to its fair value verify that all of the financial instruments, the establishment of a comprehensive the fair value pattern; And the fair value but claims IASB amortized cost coexist with mixed measurement model; Our financial tools standards adopted a gradual approach, the fair value of using adopted the prudence principle. Countries according to their own different economic situation develop conform financial tools standards in different period, and change constantly. 3, financial listed companies' profits change and enterprises with the fair value of the financial asset to measure the ratio of significant correlation between trade is to say, have more sexual financial assets, and the measured at its fair value can sell financial asset financial enterprise its profits will influence, have relatively significant volatility; Instead, with the fair value measurement of financial assets in relatively few financial enterprise, its profit volatility smaller.