Research On The Impact Of Fair Value Measurement On The Quality Of Accounting Information

Accounting information is the cornerstone of the operation of the capital market,is a bridge connecting enterprises and investors.High-quality accounting information can help investors make the right investment choices,reduce the impact of information asymmetry,and promote the healthy development of the socialist market economy.Therefore,how to improve the quality of accounting information has been the concern of the community.With the development of economy,the historical cost measurement can't effectively meet the needs of the accounting information users,Fair value measurement arises at the historic moment.However,since the birth of fair value measurement,it has been controversial in the community.On the one hand,the fair value measurement can reflect the value of the transaction more fully than other measurement methods,and provide more relevant information for the investors.On the other hand,the use of fair value may become a tool for earnings management or manipulation of profits of listed companies,thus undermining the reliability of accounting information.Reliability is the basis of the quality of accounting information.The damage of reliability will in turn affect the correlation of value,thus affecting the quality of accounting information and fall into a vicious circle,which is contrary to the original intention of introducing fair value measurement attributes.However,in any case,the application of fair value measurement is an irresistible historical development direction.Therefore,we should not be concerned about the fate of the fair value measurement,but how to improve the standards,to improve the quality of accounting information.Therefore,this paper takes China's Shanghai and Shenzhen A share listed companies from 2013 to 2015 as the research object,and analyzes the application effect of fair value measurement in China.The results show that the application of fair value measurement to a certain extent,damage the reliability of the quality of accounting information,and there are differences in different industries.The application effect of fair value measurement in monopoly industry is worse than other industries.Finally,this paper puts forward some suggestions on how to perfect the fair value measurement standard and improve the application environment.