Research On The Impact Of Fair Value Measurement On The Financial Status Of Citic Securities

As one of the attributes of accounting measurement,fair value is applied relatively late in China.It is mainly introduced based on the innovation of business model,the development of capital market and the promotion of convergence with the international market.Its application in China is also rather bumpy.In the current accounting standard for business enterprises in our country,most of the specific standards are directly or indirectly involved in the fair value measurement attribute,thus it can be seen that the importance of fair value in accounting.Fair value measurement is also one of the focus of the accounting field research topic.In 2014,China's ministry of finance issued the accounting standards for business enterprises no.39-fair value measurement,which has improved the recognition,measurement and disclosure of fair value.The backwardness of the capital market and the major deficiencies in corporate management also lead to the management's use of fair value to manipulate profits,provide false financial information and harm the interests of other stakeholders.Therefore,the practical research of fair value measurement has important practical significance to solve the above problems.Starting from the above background,this paper combs the research literature on fair value measurement at home and abroad,and takes CITIC Securities,a representative of the securities industry,as a case,makes a detailed analysis on the application of fair value measurement in practice.Firstly,the relevant concepts and theoretical basis involved in this paper are elaborated.Then,the horizontal and vertical perspectives are selected by case analysis to analyze the application of fair value measurement in CITIC securities and its impact on the financial situation.Then,the behavioral consequences brought by fair value measurement are further analyzed.Based on the practice of the fair value measurement in the study,the following conclusions:(1)The fair value measurement is widely used in the financial industry and has a great impact on the financial reports of enterprises.The assets or liabilities measured by fair value not only affect the asset scale and capital structure of enterprises,but also affect the financialleverage of enterprises and have a certain impact on the operating performance and financial risks of enterprises.(2)Under the influence of fair value measurement on the financial status of enterprises,the financial behaviors of enterprises will also change accordingly.This paper mainly analyzes the financing behavior,investment behavior,profit distribution behavior and earnings management behavior.Under the stable state of market economy,fair value measurement can better reflect the real value of assets and liabilities,provide more information related to decision-making,and help managers make correct decisions.Based on the analysis about the present situation of the practice of the fair value measurement,expounds its influence on corporate balance sheets,and found CITIC Securities,some problems of using fair value measurement model,.In order to solve these problems,promote the application of fair value in the enterprise,this article thinks that should perfect criterion system,to improve the fair value measurement standards,principles and practices of corresponding;Enterprises should also improve the internal control system,strengthen the fair value measurement information disclosure,improve the reliability of fair value measurement and information transparency;Finally,it is necessary to create a good operating environment,cultivate high-quality relevant practitioners,and apply the fair value accurately to practice.