Author(s)

Jingyan Li

Corresponding Author

Jingyan Li

Abstract

With the issuance of the “Accounting Standards for Business Enterprises No. 39 - Fair Value Measurement”, although there are still some differences in the relevant provisions on fair value between China and the United States, what they have achieved are basically the same. In addition, scholars in two countries are paying more attention on researches about fair value. This paper aims to analyze and summarize the researches of predecessors, detail the development process and conceptual changes of the fair value in China and the United States, compare the similarities and differences of the current fair value measurement standards between the two countries, summarize reasons leading to the differences for the two countries on such issues, and point out the direction of future research.

Keywords

Fair Value, Fair Value Measurement, Development Process, Accounting Standards