2010•Journal of Shanghai Lixin University of CommerceRequires access

Research on Fair Value Application of Accounting Standards for Business Enterprises

Yongsheng Yu

Abstract

The paper reviews the fair value measurement requirements in Chinese accounting standard system,analyzes any relevant defects regarding the application of fair value within the system,and puts forward suggestions for further improvements.The paper argues that the principle issue for fair value application research is how to develop an independent and practical fair value measurement standard to guide financial reporting practice consistently.

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Available abstract

Key concepts: Fair value, Accounting, Value (mathematics), Business, Accounting information system, Financial accounting, Mark-to-market accounting, Computer science