基于美国金融危机的公允价值研究

Study on Fair Value Based on the American Financial Crisis

全球金融危机的爆发引发了人们对公允价值准则的质疑,并迅速演变为一场"公允价值存废"的论争。文章探讨了公允价值计量本身的局限性,并从不同的角度分析研究了公允价值准则是否是造成此次危机的"罪魁祸首"。文章认为公允价值会计经济内核具有科学性,采用公允价值会计准则仍然是未来的趋势。但面对金融危机中非公允的市场报价,有必要建立起适应非活跃、非理性市场的公允价值会计操作框架。

The breakout of financial crisis around the world has aroused public doubts concerning the criteria of fair value, which soon developed into a big controversy over the adoption or abolishment of it. The article inquires the limitations of fair value measurement and analyzes whether its norms are responsible for this crisis or not. It holds that the use of fair value criteria is still the trend since the accounting core of fair value has scientific nature. Facing with the unfair market prices in the financial crisis, however, it is essential to build up the accounting rules and framework of operating fair value that are aopplicable for inactive and irrational market.