Financial Accounting Measurement Model

Historical cost measurement model for its reliability and verifiability of the characteristics ofthe use of nearly a hundred years of accounting has been an absolute position, but with theeconomic development of information users on the quality of accounting information with thenew requirements of the fiduciary duty concept to gradually shift the decision-making usefulconcept, the historical cost measurement model is not suited to modern economic background,came into being measured at fair value.With the promulgation of China's new accountingstandards, the fair value measurement model in China to discuss the problem becomes moreintense, this article discusses this issue.Firstly, the accounting measurement analysis, the brief discussion of the accountingmeasurement model concept, the theoretical basis. Then current five accounting measurementmodel, using a variety of measurement model basis in reality, through the comparative analysisof their advantages and disadvantages. And by studying the patterns of domestic and internationalaccounting measurement and use of the development process, pointing out that the four factorsthat affect the accounting measurement mode, the accounting objectives, political and economicenvironment, accounting personnel, quality, culture and education, and ultimately from the fouraspects combined with China's actual conditions analysis pointed out that whether it is measuredat historical cost and fair value are measured at cost in China has its own applicable basis inreality. The multi-attribute measurement model co-exist in China at this stage the best model, butalso the realistic choice for China's national conditions.Economic development is a decisive factor in accounting measurement model, social,economic, are constantly developing our country because of political system reform model avariety of causes long economic reform, but also determines the multi-attribute measurementmodel long-term co-exist in China. The determination of China's reform and firm gait falteringbut always forward, when China's completion of the political and economic reforms, highlydeveloped market economy, one of the functions of the government, the accounting measurementmodel also bound by the coexistence of multi-attribute measurement model move to a single thefair value measurement.