The New Interpretation of Fair Value Accounting Measurement from the Perspective of Finance

摘要

Utilizing the attribute of fair value measurement is considered as an important symbol that essentially represents the homoplastic tendency between the enterprises' accounting standards in China and international financial reports standards. The theoretical and the practical in the field of accounting reemphasize on fair value measurement due to the emergence of sub-prime crisis. In this paper, the advantages and disadvantages of fair value are respectively concluded, and the causality of subprime crisis, the roles and effect of fair value during sub-prime crisis are deeply interpreting from the views of conceptual development and the measurement techniques on fair value. Moreover, it analyzes the periodical achievement in introducing and using fair value measurement under the framework of Chinese accounting standards, and reveals the current situation of application on fair value measurement in China. Based on this analysis, relevant suggestions on application of fair value in China are prudently proposed under the proper conditions. Profoundly, it makes contribution that the basic functions of accounting standards are fully executed in capital market.