【正文】 y 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 new accounting standards fair value makers provided only limited to both parties to the transaction, and not its extension to the participants of the market range, therefore, the fair value of the developed after the absence of sufficient market equilibrium, and contain more involved in subjective ponents or hypothetical ponents, reliability needs to be improved. And in the definition. price decision is the asset or liability owners outside of the market activity, in introducing more market factors, increase the fair value of the objective to make more efforts to make fair prices, more reliable more trust from the external market price. (3)the definition of market and the international definition of involved in the transaction parties, market participants the scope to be bigger. Because, although the price in trading by parties to the transaction is selected, but there is an active market, the price actually depends on other market participants to trade between the equilibrium price。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 hard to say with the original meaning of fair. Again, 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 secondhand car market, buy a car to car quality information related to master far less than selling cars, and sell the car man as 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。s market or seller39。 本 科 畢 業(yè) 設 計（論文） 題目 論公允價值在我國的運用 附錄 外文資料與中文翻譯 院（系部） 工商管理系 專業(yè)名稱 會計學 年級班級 08會計—4班 學生姓名 許 欣 指導教師 2012 年 05月 23日附 錄外文資料與中文翻譯外文資料：The application of fair value in the domestic and international parative analysis1 the definition of fair value fair value definition parative 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 sides in the voluntary transactions in form, not in the forced liquidation or formed in the process of. (2) market patibility. 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 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, . exchange to determine the fair value is in relatively reasonable under the circumstances. The fair value is for its essence is a kind of ideal 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 market value, namely, the fair value of the fair is relative. (4) the prehensive 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 ignored. china fair value definition theoretical defects On the definition of fair value is substantially consistent with international. But this definition was studied, and bined 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 one39。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。s market, by the impact of supply and demand, the actual transaction 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, pletely is traded a willing willing to endure a voluntary exchange price, it39。 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 esti