【正文】 lysis, not only 河南理工大學(xué)萬方科技學(xué)院 2020 屆本科生畢業(yè)論文（設(shè)計(jì)） 7 there is an active market in order to obtain the fair value. Our country has partial with use of the fair value of the actual conditions. (1) the development of the financial market for the application of fair value of laying a foundation for China39。s Financial Accounting Standards Board noted that the transaction price is in an orderly transaction conducted, orderly market hypothesis in the measurement with a period of time before the market has existing assets or liabilities of the conventional transaction, the transaction is a kind of forced transaction. Whether fair value is active on the market the actual transaction price? In essence, the fair value is a kind of evaluation based on market information. The fair value of the identified three ways, namely, the existence of market trade, exchange price for the fair value。s initiative, and even bargain emphasize the transaction itself the unforced. Orderly transaction concept can be covered even bargain concept. (2)pared to the , China39。s market or seller39。s armour, it 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 buyer39。 if a car prior to realize this reason, in order not to be cheated will adhere to the low price, 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 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 河南理工大學(xué)萬方科技學(xué)院 2020 屆本科生畢業(yè)論文（設(shè)計(jì)） 3 estimation and evaluation. For example, the fair value not only for the initial measurement, are often used in subsequent measurement, and subsequent measurement are mostly in the absence of trade situation, through for a supply of sth. to reach consensus on the actual transaction price will be out of the question. There is also controversy most, one is fair value is what?, namely the definition of the fair value of the meaning not clear. This is also a question of the application of the fair value of the core problem, determine the meaning of fair value, fair value measurement to determine the direction and target. Our fair value describing ambiguous, connotation and extension of uncertainty, not specific, may lead to confusion in practice application. The fair value is what the understanding is different, the fair value measurement using assumptions, techniques and methods may be different, measuring the results of the difference can be large, measurement reliability will be reduced. the United States of America fair value definition development reference to China (1)orderly transaction. The United States of orderly transaction and the international accounting standards board ( IASB ) and our country Ministry of Finance stated even bargain concept has bigger difference. Orderly transaction emphasize in the market full disclosure and assets or liabilities owner39。 and in some cases, pricing is not a trading conditions, such as asset revaluation, the reference market pricing the other participant in the transaction price. Therefore, the introduction of market participants concept makes the fair value has more reliability, but also deepen the concept of fair value. 河南理工大學(xué)萬方科技學(xué)院 2020 屆本科生畢業(yè)論文（設(shè)計(jì)） 5 2 the application of the fair value of market conditions value market conditions The definition of fair value can be seen in fair value and market conditions of the relationship. IASB and fair value in China is defined as: the even bargain, the Party of be in voluntary basis for exchange of assets or liabilities repayment amount. The United States FASB accounting standards issued by the FASl57 fair value in the definition of fair value in the measurement for: with market traders in an orderly transaction, sale of assets or liabilities received transfer price. As can be seen from the definition, the first is the fair value of assets or liabilities in the transaction price, the transaction usually refers to the market, ., between two or more parties in the market of modity exchange. In the definition of fair value is similar to the market price, of course, the market price is not to leave the market access. Secondly, from China to the definition of fair value in, the transaction price is in even bargain, and familiar with the transaction both sides burst transaction prices, the United States of America 39。s system of accounting standards and international accounting standards in the process, China has the right to establish the fair value measurement and its specific target path south. Commercialize degree, fair value is the premise of even bargain. The high degree of marketization, market activity is as fair value acquisition provides a good foundation, but in the low degree of market situation, voluntary, mutual benefit, equivalence based even bargain still exists, resulting even bargain prices through multiple channels can get. Even in the absence of actual transactions occur, may also throu