On the Concept of Fair Value Report and Multi-level Disclosure Method

Under the conditions of market economy,the foundation to generate value accounting is to reflect truly the financial position and operating results of the enterprises.The disclosure of the value information should at the same time reflect the cross-sectional data and time-series data.From the perspective of economics,fair value is in essence an approximate expression of value and is the cross-sectional data on the measurement date.Neither the mixed-disclosures of various measurement attributes or the single disclosure of value information on the measurement date is not conducive to the improvement of usefulness of accounting information in decision-making.The true and fair principle has received new connotation under value measurement,thus the multi-level disclosure method is an important way to realize the concept of value report.