外文资料翻译 公允价值的定义及优越性.doc

毕 业 设 计(论 文)外 文 参 考 资 料 及 译 文 译文题目: 公允价值的定义及优越性 学生姓名: 刘卓言 学 号: 0722110714 专 业: 会计 所在学院: 商学院 指导教师: 王思武 职 称:讲师 2011年 3 月 8 日 Explanation and Benefits of Fair Value Accounting Abstract:With the knowledge economy and the rapid development of information society, as reflected at historical cost accounting book value of individual economic resources has seriously deviated from the market value of the correct economic decision makers. Especially in market innovation, financial innovation after another environment, in particular the emergence of derivative financial instruments, so that the fair value of derivative financial instruments has become the only relevant measurement attribute. Fully reflects the fair value of the market value of assets and liabilities, with full advantage. Keywords:definition of Fair value benefits Ensuring Accuracy Definition Fair value accounting also called Market Value Accounting or Market to Market accounting, it is the value of an asset or liability in an arms length transaction between unrelated willing and knowledgeable parties. The concept of fair value is used in many accounting standards including the?IFRS covering acquisition, and the valuation of securities, but is not limited to these. Fair value is an estimate of the price an entity would realize if it were to sell an asset, or the price it would pay to relieve a liabilityMany financial instruments ? such as shares traded on an exchange, debt securities U.S. Treasury bonds, and derivatives ? are measured and reported at fair valueKey Points ?Many financial instruments are measured and reported at “fair value.”?Financial firms use some form of modeling in estimating fair value for many instruments?Most firms have a robust internal control process for ensuring that the models used in these valuations are reasonable and reflect underlying market conditions?Information about how firms calculate fair value is fully disclosed in f