| Since the revaluation of fair value measurement attributes in 2007,fair value has not only been widely used in financial instruments,but also gradually extended to non-financial assets measurement.For the particularity of investment real estate in non-financial assets,the study of its fair value is helpful to explore the deep-seated problems of non-financial assets measurement and fair value measurement framework.This paper analyzes the status quo of the fair value measurement and the follow-up measurement of the investment real estate,and finds out that the latter is behind the research front of the former-how to measure the problem.Based on the analysis of the related concepts and basic provisions of fair value measurement and investment real estate standards,this paper puts forward five theoretical supports of fair value measurement of investment real estate.And the valuation method,technology and level involved in investment property real estate valuation process are elaborated,it's concluded that the three valuation methods have their own advantages and disadvantages;the applicable valuation techniques are mainly marketing approach and income approach.the former corresponds to the first and second level of fair value,the latter corresponds to the second and third level of fair value.Then,based on the the application degree,the city distribution and the disclosure of the fair value of investment real estate,the paper analyzes the problems existing in the measurement,mainly includes:the lack of objective market conditions,the disjoint disagreement with the asset appraisal,the operational problems of the level and valuation techniques,and fair value information disclosure is not sufficient,the overall quality of accounting personnel is not high.Finally,according to the existing problems of the fair value measurement on investment real estate,the corresponding suggestions for our special market environment are put forward on the basis of CAS39. |
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