In this paper, the preponderance of fair value in the fairness, relativity, timeliness and dynamic is elaborated.Limitations of fair value practice are surveyed dialectically.

• 阐述了公允价值在理论上具有公允性、相关性、及时性和动态性的优势，用辨证的观点审视了公允价值在实务上的缺陷；