The Influence Of The Application Of The Fair Value To The Financial Information Of Listed Banks In China

February15,2006,Chinese Finance Bureau issued the new PRC GAAP,which wouldstarted to be implemented within all listed Chinese enterprise at January,2007,and ChineseFinance Bureau encourage Implementation of other enterprises. The new PRC GAAP includemany historical breakthroughs,and one of the biggest highlight is the fair value accountingwhich has an important and far-reaching effect on the improvement of market economy anddevelopment of economic system.With the development of economic globalization，Chinese Accounting Standards mustconnect issues globally.But there exist an tremendous differences,which pose an obstacle tothe internationalization of Chinese enterprises.Due to so short time,the development of fairvalue is not perfect.Finance sector is the most affected by fair value,so we analyze the impactof all listed Chinese enterprise based on the analysis of banks.In this situation,on the basic of revelant theory,this paper introduce accounting objectivetheory,theory of Property Rights,comprehensive income and theory,clean surplus theory.Thispaper compares fair value with historical cost,reset cost, aforesaid realizable net value andpresent value,and it analyze the present state of fair value in our country.This paper focuses onthe impact of balance sheet and income statement,on the basic of annual report in2009and2010.Taken together,fair value plays an little impact on financial report of listed Chineseenterprises.But from individual banks,there exist an effects.So this provides some space forbanks whitewashing financial statements.On the analysis of16listed Chinese enterprises,this paper show that the main impact offair value is mainly reflected in shareholder equity and current profit or lost. It is expectedthat this essay will help rule makers,supervision department,investors,and stakeholders makeright decisions.