Research On The Value Relevance Of Investment Properties Measured In Fair Value

Under the precondition of the continuous development of market economy,the investment real estate market in China also has obtained the good result.In many investment vehicles,the real estate investment has attracted gradually attention by more and more investors.Especially in recent years,rising house prices is the best embodiment.On measurement issues,the vast number of enterprises in our country adopt historical cost,but under the background of the market economy,the country's macroeconomic regulation and control policy,investors,investment or speculation behavior can cause the market value of the investment real estate is inconsistent with actual cost.In this case,if companies still choose the historical cost for relevant follow-up measurement,it can cause the book value on accounting of the investment real estate is inconsistent with the actual market value seriously,so the accounting information will not be able to truly reflect the enterprise value,the useless and even false accounting information will affect the decision-making behavior of investors,and it is with the accounting information decision usefulness runs counter to the original purpose.For our country's current economic environment,the real estate market also has the very big development space in the future,under the precondition of conforming with the provisions of the relevant accounting standards,the enterprise will choose to use the fair value of the investment real estate follow-up measurement,so that the accounting information user can obtain real enterprise development status,it makes our country accounting standards convergence with international accounting standards,and further more to meet the need of the development of market economy.First of all,in this paper,the definition of the investment real estate and the fair value and the related theory are discussed,from the most basic theoretical knowledge,we can get the most basic level of understanding to the object of study.And from comparing the difference of the fair value and the historical cost in various aspects,it can be seen that the fair value is more reasonable.Secondly,this paper studies the application of fair value in our country currently,analysis the reasons for the status and the fair value in use process will encounter obstacles,and what problems,and instructions that in the in way of promoting application of fair value measurement model is still difficult,there are still many problems need to solve.Again,through to the data collected in price model,and on the basis of using the fair value shares of the investment real estate enterprise the influencedegree of quantitative analysis,it through the visual inspection results to analyze the influence factors whether and to what extent,it is concluded that the fair value of an investment real estate listed company's stock price still has a more or less influence.Finally,this paper puts forward some policy suggestions on how to improve the use of the investment real estate fair value measurement by improving market conditions,perfecting the relevant theoretical system,strengthening information disclosure,improve their professional quality and professional ethics and other aspects.In general,this paper chooses the price model to research the related financial data of choosing the fair value measurement of investment real estate of listed companies on the stock exchange of the Shanghai and Shenzhen.On the one hand,it proves that compared with the historical cost,fair value did help to better reflect the enterprise value,enhance the decision usefulness of accounting information.On the other hand,it also points out that there is a need in the process of the fair value practical application to solve the problem,in order to better play the role of fair value in the investment real estate measurement,it puts forward some improving policies and suggestions,in order to really play to the role of the fair value and provide a more secure for investors to make decision.