Thoughts on Fair Value Accounting of Post-financial Crisis Era

摘要

The financial crisis has sparked the big discussion on stand or fall of fair value accounting among theorists, practitioners and regulators. To study the development direction of the fair value and discuss how to improve and perfect it, the paper has analyzed the influence of the fair value on the financial crisis from the relationship between the fair value and the financial crisis, then has drawn the conclusion : The fair value accounting was proved to have obvious response to market and improve the decision usefulness of the financial information, rather than lead to the financial crisis. Fair value is the inevitable choice of accounting measurement because of uncertain economic environment and developing economic virtualization in the modern market economy. To reform the fair value measurement needs collaboration and effort in many areas, in addition to perfect technical levels, it should perform synchronously with improvement of financial system and market regulation system.