Some Advice About Perfecting Accounting Information Disclosure Quality Under Mixed Measurement Model

So far, the historical cost in China's accounting practice plays a very important role from the view of the reliability or objectivity, with the development of economy, especially the derivatives of financial tools. The historical cost performance more and more limitations,In the integration of the world economy today. How to use the historical cost measurement model and the fair value measurement model caused more and more attention in accounting practice.With the application of fair value more widely, in the end what kind of measurement model can provide more reliable, more relevant information. If we want to completely change the existing accounting measurement model, there should be a long distance to realize the current situation that the fair value will replace the historical cost. Although the fair value measurement attribute is the trend of the development of the future in the financial accounting measurement attribute, but at this stage there are still certain difficulties in the practice level. Although China has revised the basic accounting standard, and attributed the fair value into the measurement system, but application is relatively less in specific standards, the author thinks that the present situation in our country does not provide a complete implementation of the fair value. Our country market economy has just started, has not been developed to the mature stage, While the international economic environment is relatively mature market, Nowadays the development of appraisal industry is not fully, Fair value's channel is not developed, There is no modern commercial active market for fair value to develop , no price information disclosure platform of national industry. I believe that to implement a mix of historical cost-based measurement model is the most realistic in the current financial accounting measurement choices.This paper started to explain from accounting measurement theory foundation, and expound the related concepts of accounting measurement and point out that the historical cost and the fair value of the two kinds of measurement model are adapted to different economic form. The historical cost has already happened cost in the past trading,in addition replacement cost ,net realisable value, present value, fair value .They are stressed the market value of the current conditions. So the historical cost measurement currency of nominal money is called historical cost measurement model, the currency replacement cost , net realisable value, present value and fair value of nominal money collectively are referred to as present value measurement model. (because the fair value is most representative, therefore, in the following discussion, we will replace the fair value measurement model with present value measurement model ). Although various kinds of measurement attribute all have their own advantages and disadvantages, the fair value of the current model is reasonable in such conditions, in the definition of the assets and liabilities implies the concept of future discounted cash flow, It started to have a series of discussion about dialectical relationship between the accounting measurement attributes and accounting information disclosure . Accounting information quality characteristics and accounting measurement exists logic corresponding relation, that is, from perspective of the agent economic responsibility, the requirement of the accounting information is reliable and following the historical cost measurement , From perspective of business decisions, it require the predictive information and follow the Relevant principles. Accounting information is useful for decision, must have the two main quality characteristics, relevance and reliability.This paper analyzes the advantages and disadvantages of historical cost and fair value in real life application. in our country whether historical cost measurement model or the fair value measurement model will have its applicable realistic foundation, It should be based on the concrete implementation the condition of application, we should choose the best accounting measurement model to reflect accounting information and meet the user's needs. The third part shows two measures of accounting information quality through using surveying and data analysis methods from the users of financial statements and specific accounting standards (estate investment criteria) in the two angles of the implementation. There are great differences in applicable condition, the accounting treatment methods, profit regulation, pay taxes is adjusted.Finally, the paper's concluding section in the current status of China's mixed-measurement models put forward a number of suggestions and ideas for improving the quality of accounting information . We should limit cautiously fair value application scope, should be rational dialectical view of accounting information reflected in mixed measurement mode, should improve balance sheet, should increase comprehensive income.