A Comparative Study Of Fair Value Measurement Standards Between China And America

Since the twenty-first Century,with the rapid development of Internet technology and international trade,many multinational companies have become more and more frequent.In this context,the homogenization of accounting standards implemented by each country presents a vigorous development.International Organization for promoting the international convergence of accounting standards,in 1972 the international accounting standards board IASC(first for the restructuring of the international accounting standards board IASB)established,until now,has released 40 core principles,to promote the international convergence of accounting standards,but also to promote the close exchanges between international.The international convergence of accounting standards is the development direction of accounting standards.With the development of the world economy,the comparison of the accounting system between different countries becomes the objective requirement of economy.In this case,countries have adopted the strategy of convergence of accounting standards.At present,the United States,the European Union,China and other countries have achieved full acceptance or convergence of international accounting standards.In 2002,the United States and the international accounting standards board signed a memorandum of understanding,commitment to achieve full comparability of accounting standards.The European Union is the first to accept the international accounting standards in the region,from the beginning of 2005,the EU listed companies gradually adopted the accounting standards system.China,Japan,Canada and other countries and regions have gradually adopted the convergence with international accounting standards.Therefore,in the future development of the convergence of accounting standards will be the development trend of accounting standards.Therefore,for the future development trend of China,it is necessary to make the right decisions in the accounting standards in a timely manner.In the process of convergence of international accounting standards,the most critical is the convergence of measurement model.It is one of the most important decisions in the application of fair value measurement.However,the application of fair value in our country is repeated,but in 2014 the development of the new accounting standards to establish the principle of convergence with international accounting standards.But because the market environment in our country has significant difference with the developed countries,China's accounting standards in the application of fair value is not fully in accordance with national accounting standards,but also made some changes,it has become the main differences with the US financial accounting standards of financial accounting standards in our country one of the.This paper first introduces the concept of fair value in China and the United States,and then discusses the theoretical basis of fair value.Secondly,the development of China and the United States fair value,the specific content of the comparative analysis of the reasons for the differences and draw conclusions.