As the enconomic is developing in our country,fair value is more and more important in our accounting application. To follow up the rapid development of chinese market,and catch up with the trend of enconomical globalization,fair value becomes the hottest issue in contemporary society and draw more attentions by majority of person. So such kind of fair value research will make a big differece in the accounting application. This chapter introduces the shortcomings and good poins from counting,and raise up the solution to current issues on fair value