1、 本 科 毕 业 设 计（论文） 题目 论公允价值在我国的运用 附录 外文资料与中文翻译 院（系部） 工商管理系 专业名称 会计学 年级班级 08 会计 4 班 学生姓名 许 欣 指导教师 2012 年 05 月 23 日 河南理工大学万方科技学院 2012 届本科生毕业论文（设计） 1 附 录 外文资料与中文翻译 外文资料： The application of fair value in the domestic and international comparative analysis 1 the definition of fair value 1.1 fair value defi
2、nition comparative analysis From the definition of fair value can be seen, different countries, institutions for fair value definition although expressed in different ways, but its connotation basically the same: (1) the transaction fairness. Fair value is familiar with the situation between the two
3、 sides in the voluntary transactions in form, not in the forced liquidation or formed in the process of. (2) market compatibility. Active market and the active market can form the fair value. Active market in the market is the best evidence of fair value, but not the only evidence. When there is no
4、active market, can be used in a variety of valuation techniques to provide a good estimation of the fair value of the mouth. (3) emphasize the relativity, i.e. exchange to determine the fair value is in relatively reasonable under the circumstances. The fair value is for its essence is a kind of ide
5、al under the assumption that the value embodiment of social reality, and this hypothesis is difficult to fully realize. No matter how perfect transaction market, how wise, not likely to collect all information and effective analysis of information make absolutely correct decision. Fair value is the
6、market value, namely, the fair value of the fair is relative. (4) the comprehensive measurement. Fair value refers not only to the fair value of the assets, including the fair value of the latter over a long period of time had been 河南理工大学万方科技学院 2012 届本科生毕业论文（设计） 2 ignored. 1.2 china fair value defin
7、ition theoretical defects On the definition of fair value is substantially consistent with international. But this definition was studied, and combined with the fair value of specific access technology, we can find that, the fair value of the definition itself is not with no chink in ones armour, it
8、 is certain to have some theoretical defects. First, the definition of fair value in the emphasis on even bargain, but in actual application, fairness is vague and difficult to guarantee the. For example, in a buyers market or sellers market, by the impact of supply and demand, the actual transactio
9、n price is very difficult to achieve the true fair. For example, a license plate number or a certain kind of tea, with hundreds of thousands or even millions of prices, completely is traded a willing willing to endure a voluntary exchange price, its hard to say with the original meaning of fair. Aga
10、in, due to the existence of asymmetric information, the active market for both buyers and sellers to reach transaction prices are not absolutely fair. For example, in the second-hand car market, buy a car to car quality information related to master far less than selling cars, and sell the car man a
11、s a rational economic person, want the car can sell a good price and try to exaggerate the car quality. If a car that sells car people, to pay the corresponding price, so buyers interests have been violated； if a car prior to realize this reason, in order not to be cheated will adhere to the low pri
12、ce, sell a car people reluctantly part with cheap shots, so the car is not fair the. Of course, in this game, buy a car and the car can choose to exit the market, finally appear inferior goods expel quality product of the adverse selection results, but in the real economic life, both the information
13、 asymmetry phenomenon indeed bow can be found. Fair value definition requires a familiar situation both sides exist in name only, although voluntary transactions, the transaction price fairness is miles away. Secondly, based on the fair value definition emphasizes the transaction and produce, but a lot of the fair value of the acquisition is not derived from trading. But more often to the enterprise resource in a transaction and although the transaction but no observable amount in case, according to the same or similar situation made
