Value Relevance Research Of Fair Value Measurement

Metering is one of the core functions of accounting. With the development of information technology and the extent of the economy accelerated, accounting objective concept of fiduciary duty by the increasing tendency to shift decision-useful concept, decision-useful concept holds that the accounting measurement methods should be changed to increase the usefulness of accounting data for decision-making in this in the context of fair value emerged. US Accounting Standards Board and the International Accounting Standards Committee repeatedly revise guidelines for fair value and sound and comprehensive support for fair value measurement methods. At the beginning of 2014, the Ministry of Finance of China’s accounting standards have made massive changes in this revision, the fair value of the criterion be the highlight, in a number of criteria are mentioned in the principles and methods of fair value. Pros and cons of the relationship between the application of fair value has been no unified conclusion, in our country on the occasion of the promulgation of the new accounting standards, accounting theory it is necessary to conduct research in the fair value of applicability. To fair value accounting information is valuable to study the correlation between what the content of this article.This paper summarizes the fair value at home and abroad on the basis of literature research ideas put forward. Fair value and value relevance of theory expounded, and the fair value of the property and other measurement attributes for comparison. The fair value of the application is divided into four stages, namely the preliminary stage enabled, avoidance and dilute phase, the careful use of the stage and improve the promotion stage, discusses specific provisions in the fair value of the latest accounting standards.In this paper, the "efficient market hypothesis", signaling theory, decision-useful concept as the theoretical foundation, the research value of fair value accounting information relevance. Articles establish research model based on the modified Olsen price model, selected China’s Shanghai A-share non-financial listed companies from 2010 to 2013 financial reports based on samples obtained after screening study sample of this article, the analysis of listed non-financial sector Companies use the fair value of the condition, as well as fair value accounting information of listed companies whether there is value relevant. In the empirical analysis of this paper, after the descriptive statistics for the variables found in the fair value of the overall extent of application of the non-financial sector is not high, by regression analysis of fair value associated with the value of the conclusions. Verify the hypothesis of this paper: fair value of a significant positive correlation with the stock; and losses from changes in fair value of trading financial assets, changes in the fair value of financial assets more valuable than the correlation for sale.Application of fair value is a huge system engineering, there are deficiencies in the implementation process is inevitable, this paper recommends further application of fair value in our country from three aspects on the basis of empirical research: expanding the application of fair value the scope and improve the degree of application of fair value; increase the intensity of external supervision; improving the management of the company’s accounting staff and professionalism. The fair value of the country to ensure effective implementation.