公允價值計量是指資產(chǎn)和負債按照市場參與者在計量日發(fā)生的有序交易中，出售資產(chǎn)所能收到或者轉(zhuǎn)移負債所需支付的價格計量。 公允價值計量是市場經(jīng)濟條件下維護產(chǎn)權(quán)秩序的必要手段，也是提高會計信息質(zhì)量的重要途徑，它代表了會計計量體系變革的總體趨勢。高頓網(wǎng)校USCPA小編為大家簡單介紹一下公允價值計量的相關(guān)考點。
　　Fair Value Measurement
　　Fair value is the price that would be received to sell an asset OR paid to transfer a liability in an orderly transaction between market participants in the principal （or most advantageous） market at the measurement date under current market conditions.
　　In GAAP，F(xiàn)V is exit price.In IFRS，F(xiàn)V is entry or exit price.
　　The principal market is the market with the greatest volume or level of activity for the asset or liability.
　　If the principal market do not exist，then use the most advantageous market.
　　The most advantageous market is the market with the best price for the asset or liability，after considering transaction costs.
　　Both FV of principal market and most advantageous market，do NOT deduct transaction cost.（F10-4 Illustration）
　　FV valuation techniques
　　Market Approach uses prices and other relevant information from market transactions involving identical or comparable assets or liabilities to measure fair value.
　　FV valuation techniques
　　Income approach use the present value of future cash flows.
　　Cost approach uses current replacement cost to measure the fair value of assets.
　　Criteria for choosing valuation techniques are maximize the use of observable inputs and minimize the use of unobservable inputs.
　　A change in valuation technique is a change in accounting estimation，which is accounted for prospective adjustment.
　　Hierarchy of inputs
　　From Level 1 to 3，from observable to unobservable，from favorable to unfavorable.
　　Level 1 inputs are quoted prices in active markets for identical assets or liabilities that the reporting entity has access to on the measurement date.
　　Level 2 inputs are inputs other than quoted market price（level 1）that are directly or indirectly observable for the asset or liability. E.g. Quoted price for similar assets in active market.Or Quoted prices for identical or similar assets in non-active market.
　　Level 3 inputs are unobservable inputs for the asset or liability. It reflect management‘s assumptions.