The Research Of Fair Value Measurement

With the development of social economy, there is a rapid change on the environment of accounting measurement. Financial information users put forward a higher demand for the quality of the information. As the limitations of considering the historical cost as measurement attributes are exposed gradually in the process of the implementation, people now would consider more comprehensive factors such as the historical cost, the current market price, the current cost, net realizable value and the present value of the future cash flow rather than the historical cost alone. But with the financial crisis, people gradually shift the focus to the fair value. We believe that we could not negatively deny the fair value measurement attribute, but should solve the problems from the use method of the fair value. We could not stay on whether it should use the fair value, but should consider how to make better use of fair value.First of all, this paper summarizes the related theory of the fair value, including the definition of the fair value in China, the United States and international accounting standards, and compares three kind of definition from the form of manifestation, reference to the market and other aspects. Then it makes analysis of the links and differences of the fair value and the other five measurement attributes, focuses on the fair value measurement methods, including acquisition method and the determine level, and the corresponding relations between them.On the basis of the theory of above, this paper analyzes the general situation of the use process of the fair value. Then by using relevant data of the listed company can be obtained nearly four years after the new enterprise accounting standards issued, we analyze the application situation of the fair value from the general to the industry, and find there are a series of problems in the process of the fair value use in our country. Combined with the main problems found by data analysis, the fourth chapter emphasizes to discuss how to fair value measurement of six types the subject or matters which often involves the fair value, Including financial assets, asset impairment, investment real estate, debt restructuring, liabilities and enterprise mergers. From the point of view of the external environment, the last chapter puts forward a series of other measures for the fair value measurement, hoping to help development of unified guidelines for the fair value.