Title: On Improving "Fair Value Measurement" and Its Enlightenment to China
Abstract: Fair value measurement should be established as an independent accounting standard to implement the Sustainable and Comprehensive Roadmap for Convergence between China Accounting for Enterprises and International Financial Reporting Standards issued by the Ministry of Finance in September,2009.We consider that the fair value accounting becomes more and more important after the financial crisis in 2008,so to suspend or abolish fair value accounting is unwise.As the premise to establish the complex accounting standard for fair value measurements,we must revise the Basic Standard in the same time by following the models,using the reference of the latest research achievements and developing it in the aspects of definition,hierarchy and qualitative characteristics of fair value.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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