Discussions on Fair Value

作     者：JIANG Nan JIANG Xiao-meng 

作者机构：Center for Internal Control and Risk Management Dongbei Universi~ of Finance and Economics Dalian 116025 China Australia Curtin University of Technology Perth 6845 Australia 

出 版 物：《Journal of Modern Accounting and Auditing》 (现代会计与审计（英文版）)

年 卷 期：2008年第4卷第12期

页      面：9-12页

学科分类：120201[管理学-会计学] 12[管理学] 02[经济学] 0202[经济学-应用经济学] 1204[管理学-公共管理] 1202[管理学-工商管理] 020204[经济学-金融学（含∶保险学）] 120404[管理学-社会保障] 

主　　题：Fair Value accounting asset valuation 

摘      要：In the eighth edition of International Valuation Standards （IVS） published by International Valuation Standards Committee （IVSC）, ＂Fair value＂ is introduced into the asset valuation standards as one specific kind of valuation beside the market value. This definition is not only quite different from the one in the accounting standards, but also difficult to explain in the perspective of asset valuation. This paper focuses on the ＂Fair Value＂ in order to make its relevant meaning and application scope clear in accounting and asset valuation respectively. The discussion helps to avoid the abuse and the misunderstanding of ＂Fair Value＂ for the sake of vague definition.