| Economic integration can optimize the resource configuration in the international scope, promote economic prosperity and development, improve the level of the economic development of all countries. Due to international trade, multinational companies and the need of some international investment activity, the world economic integration has become an inevitable trend of economic development. In order to speed up the pace of economic integration, international organizations must formulate the unified accounting standards. Therefore, we can use the same standard to confirm the occurrence of economic business, measure the amount, record transactions, report the operating results and financial condition. Unified accounting standards can give full play to the functions of accounting supervision of economic business. Such standards are conducive to promoting world economic environment more harmonious and healthy development. As a WTO member, in order to promote economic cooperation with other countries, promote the healthy and fast development of economy, our country should speed up the pace of constructing practice of convergent international accounting.2006, the ministry of finance issued a more perfect accounting standards system. It is the milestone of our country accounting standards convergent with international accounting practice. A feature of the accounting standards in 2006 is the widespread use of fair value measurement attribute. It broke the situation that avoiding using fair value and always using the historical cost measurement. At this point, however, the fair value measurement attribute has not been systematically expounded. It is just used in the accounting standards as a measurement attribute. Until January 2014, China ministry of finance issued new Accounting Standards for Business Enterprises, Taking the first step of converging with the international financial reporting. In the new accounting standards, the fair value as a criterion of 39 was systematically expounded. It is a significant breakthrough in the theory of fair value.Because the fairness and temporality can make the accounting information more accurate, our country attaches great importance to the application of fair value. It is meaningful for the development of accounting. The fair value theory construction has break through again and again. Relevant theories are increasingly perfect. But if the perfect theory can not be well applied to practice, it is also like junk worthless. So in the process of constructing the theory of fair value, we must strengthen the practice research at the same time, to focus on the problem of application of fair value, to find countermeasures to solve the problem in time, in order to better serve the economic construction.This paper adopts literature research to elaborate the relevant theoretical results about fair value. The author gives examples of the fair value evaluation method. The author adopts the statistical analysis method to analyse fair value application of listed companies at 2014, Combined with X case, studying that specific enterprises should be pay special attention in the application of fair value. At the same time, the author adopts descriptive study method to analyse the cause of the application situation of fair value that application level is not high, disclosure is not standard, it is easy to be used to manipulate profits. At last, the author puts forward relevant co untermeasures.In this paper, the innovation point are basically the following four points:Firstly, this paper introduces the main application areas of the fair value pointing out accounting fraud means in the main application areas.Secondly, this paper gives specific examples of fair value assessment to make the evaluation methods easy to understand.Thirdly, this article adopts the statistical method to count the application range and degree of fair value. Through further theoretical analysis, the author choose some project which has great impact on the financial report and is easy influenced by artificial factors to analyse. This paper combines statistical analysis methods and theoretical analysis, from the overall situation to the focusing, to analyse the application situation of the listed company.Lastly, By in-depth analysing the case of X, the paper put forward that the use of fair value should contact industry and we should pay special attention to specific industry. |
