The Study of the Application Status of Fair Value Accounting in China

With more trade frictions as well as increasingly frequent and expanded trades between developed countries and China after its entry into WTO, fair value accounting has found its way even deeper into people’s hearts because it can reflect assets income and valid value of debt payment, offer exact information support for relevant decision makers, and more importantly, narrow the gap between China’s accounting standards and international ones as soon as possible. From the perspectives of concept, history of application, origin analysis and countermeasures, this paper conducts research and exploration into the application of fair value accounting in China.