【正文】 erivative financial assets, should be in accordance with the cost measurement. The enterprise has the intention of holding or ability to change, so that an investment is no longer suitable to be classified as heldtomaturity investments, it shall be classified as available for sale financial assets at fair value, and a subsequent measurement. Enterprise Accounting Standards No. twentythird the transfer of a financial asset measurement of transfer of financial assets third chapter: financial assets transfer meet termination recognition conditions shall include the following two items, the amount of variance in the current profits and losses : the carrying amount of the transferred financial asset: II of consideration received from the transfer, and originally recorded in the the rights and interests of the owners of the accumulative amount of the changes in fair value ( involving the transfer of financial assets available for sale financial assets. ) and. Financial assets transferred to meet termination recognition conditions shall be transferred, the entire book value of the financial asset, the confirmation of the termination portion and an end portion between respective confirmation, in accordance with the relative fair value sharing. Enterprise Accounting Standards No. twentyfourth hedging hedging confirming and measuring third chapter: a hedged item is an unrecognized firm mitment, the firm mitment resulting from the hedged risk the accumulative amount of the changes in fair value shall be recognized as an asset or liability, the related gain or loss shall be included in the current profits and losses, related the changes in the fair value of the hedging instrument shall also be included in the current profits and losses. In the purchase of assets or liabilities assumed a definite undertaking of a fair value hedging, due to the firm mitment of the fair value hedging risk caused by the accumulative amount of the changes ( has been recognized as an asset or liability), should adjust the performance of the firm mitment ine assets or liabilities assumed in the amount of the initial recognition. Enterprise Accounting Standards No. thirtyseventh presentation of financial instruments financial instruments listed in chapter second: enterprise regulations issued nonderivative financial: l: includes liability and equity ponents. Shall at the time of initial recognition of the liability and equity ponents are analyzed, respectively, for processing. In the spinoff, should first determine the fair value of the liability ponent as its initial confirmation amount, according to the financial tool for overall price deduction of the liability ponent initial confirmation amount after determining the amount of equity ponent initial confirmation amount. The issue of non derivative financial transactions costs. Be in debt position and equity ponents according to their relative between the fair value of share. The above three standards setting body of financial instruments in the application of fair value for parison: first, in the classification of financial assets. The United States accounting standards will be divided into three categories. China and the international accounting standards will be divided into four categories, namely: the trading of financial assets, heldtomaturity investments, loans and receivables, financial assets available for sale. American accounting standards do not include loans and receivables, China39。 accounting standards in China in addition to the international accounting standards, also provides: in the active market does not offer and whose fair value cannot be reliably measured equity investment instruments, and the rights and interests with hooks and shall be settled by delivering the equity instrument to spread dust financial assets, should be in accordance with the cost measurement. Compared with the hinge, China39。 promulgation and the implementation, no doubt in the use of fair value on a big step, the next task is to ensure the fair value in practice to get the correct use, really play its positive role. The fair value of the confirmation and measurement of a historical cost is more plex, the occupation judgment is very high. Whether a pany and its accountants, registered accountants and other intermediary agencies, or the relevant regulatory institutions and financial statements users, are required in a limited period of time to adapt to and understand the new accounting standards in the relevant provisions of the fair value, as the correct use of fully prepared. Therefore, in order to ensure the smooth implementation of the new accounting standards system, the author puts forward the following suggestions. to improve the application of the fair value of market conditions The introduction of fair value measurement attribute of the premise, is essential to establish a uniform and fully petitive market. The fair value is not equal to the market price, but the market prices are the highest degree of objective, reliable, fair value is the most simple source. Market growth is good or bad for fair value accounting has great influence. So it should strive to cultivate the market at all levels, especially the means of production market and the secondary market trading, so that the fair value to obtain more objective, direct, the greatest extent to ensure the reliability of fair value. At present the market environment of our country, be badly in need of perfecting the capital market, expand the bond market, paper market, foreign exchange market, gold and other precious metals market, the establishment of full petition production factor market, especially the real estate market and financial market. At the same time, to break industry monopoly, reduce the financial, telemunications, energy, electric power and other industries access conditions, allowing private, civilian endowment enter the financial, insurance and other field