后危机时代公允价值计量的重塑及启示

Remolding and Enlightenment of Measuring Fair Value in Post-Crisis Era

2007年爆发的全球金融危机,凸显了非活跃市场下公允价值计量的"失灵"。国际上各界从如下方面改进公允价值运用:完善非活跃市场条件下的计量方法;修订金融资产减值模式;改进公允价值信息披露以提高透明度。这代表了后危机时代公允价值计量发展的趋势:完善是主流,全球治理是金融全球化必然的要求,会计与监管分离是双方目标差异的反映。虽然会计始于微观计量,但利益分割依据的本质决定了其具有宏观的经济社会后果,这要求在解决全球性会计问题时,应借鉴全球治理理念、弱化国家利益、立足全球价值观。

The global financial crisis which broke out in 2008 highlights the malfunction of fair value measure- ment in inactive market. International social circles tend to improve the application of fair value from following as- pects ： Improve and perfect the measure methods in inactive markets ; Revise the model of financial value decrease ; Improve the disclosure of fair value information to increase the transparency. This represents the trend of developing fair value measure in post-crisis era：the main aspect is perfection;global management is the inevitable requirement of global finance ; and the separation between accounting and supervision reflects the difference of their aims. Al- though accounting originates from micro-measurement, its essential nature as the base of profit division determines that it has macro economic and social consequence. So when the global accounting issues are to be solved, we should apply these ideas：Managing affairs from global point of view ;Weakening national interests;Emphasizing global val- ue.