Abstract

With more trade frictions as well as increasingly frequent and expanded trades between developed countries and
China after its entry into WTO, fair value accounting has found its way even deeper into people’s hearts because
it can reflect assets income and valid value of debt payment, offer exact information support for relevant decision
makers, and more importantly, narrow the gap between China’s accounting standards and international ones as
soon as possible. From the perspectives of concept, history of application, origin analysis and countermeasures,
this paper conducts research and exploration into the application of fair value accounting in China.

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