Title: Further Discussion on the Application of Fair Value in the Accounting Standards of China after the Subprime Crisis
Abstract:In the Accounting Standards of China issued in 2006,fair value was introduced.This is a sign of the convergence of International Accounting Standards and Chinese Accounting Standards and it has been a...In the Accounting Standards of China issued in 2006,fair value was introduced.This is a sign of the convergence of International Accounting Standards and Chinese Accounting Standards and it has been attracting the attention of all circles.Fair value has been applied all over the world since 1980s.Its development is mainly influenced by the view that decision-making is useful.In China,the main problem with the application of fair value is the confusion of fair value and market value and appraisal value.Although the application of fair value is oppugned in the subprime crisis,fair value meets the requirements of economical development in the long run.Read More
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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