Fair Value Measurement of Investment Real Estate: Deregulation or Lack of Coordination? - Research Based on China's Capital Market Data

摘要

In China's capital market, the number of listed companies measuring investment real estate at fair value is gradually increasing. They have obvious industry and regional characteristics, and mainly rely on external professional appraisers to evaluate the fair value. By analyzing the financial reports of listed companies, we found that some regulation are contrary to the accounting standards for investment real estate: according to the third level parameter valuation, coexistence of bot the cost and fair value measurement modes, accounting standards are not in accordance with the guidance of investment real estate evaluation. We should improve the guidelines for the application of investment real estate accounting standards, issue specific explanations or application cases of investment real estate evaluation opinions, strengthen the publicity and popularization of accounting standards, implement joint supervision of accounting, securities and evaluation industries, improve the quality of fair value information of investment real estate, and make the reform of accounting standards better serve the development of capital market.