The Reserch On The Application Of Fair Value Measurement In Our Country’s Listed Companies

With the rapid economic development of the community, the new transactions or events emerge in a large amount, the cost model has been unable to adapt to the economic situation and the needs of the business development therefore the fair value becomes the focus of the study and the hot topic of international accounting community. Compared with the fair value study of abroad, our country started to study the fair value much later and the development processed the twists and turns, and experience to the re-introduction of the stage from the introduction to evade, which can be described as difficultly. An important step of China’s accounting standards striving to convergence with the International accounting standards in the fair value measurement attributes in our new accounting standards officially enabled again on January1,2007. However, due to factors of our country low market economy development degree, having no materialized criterion in our accounting principle about the fair value, low accounting personnel quality and so on, which lead to the phenomenons of the narrow application scope of measurement attributes, listed companies with the aid of fair value operating profits or others.In the context of those above background, this paper starts with research summaries about fair value at home and abroad, introduces the fair value of the related concepts and theoretical basis, reviews development history of fair value in our country which was from the first application, avoid application to extensive and careful application, analyzes the2007-2010fair value measurement application in our country listed company about investment real estate, financial tools and debt restructuring, and combine with the case analysis, sums up the problems existing in our listet company about application of fair value model. Finally, this paper puts forward some suggestions and countermeasures to solve those problems. If the problem on the application in fair value can be very well solved, which can solve the usefulness and correlation problems of the accounting information to a great extent, has the important practical significance which can perfect accounting theory exploratory and promote the application of fair value in practice.