Study On The Application Of Fair Value Accounting Standards In China

Since the20th century, a large number of financial instruments and derivativefinancial instruments to produce, and is used widely. China is gradually fit in thegradual convergence with the international since its accession to the WTO.Accounting aspects of the development is one of them. Selected from the accountinglaws and regulations that the fair value of the idea that is going to explore in thisarticle. This is the innovation of this paper where the fair value is from the point ofview of the laws and regulations rather than from the point of view of the accountingmeasurement. The history summarized and literature research methods in the researchmethodology and so on are used in this article. In structure，the paper is divided intothree parts: The first part describes the necessity of the use of fair value in China. Themain part including fair value the earliest generated in the law, the fair value of theconcept as well as the use of fair value in China’s conditions ripe; second partdescribes the fair value of the process of applying some of the problems that mayarise; first three parts according to the second part of the problem, put forward therecommendations of the relevant laws and regulations to improve our fair value.Elaboration of the fair value of these aspects are given my own conclusions, that theuse of fair value will have some problems, but these problems are not we abandon it,we should find it where may be in the process of development problems and identifyappropriate countermeasures to make it better for us.