Title: An Analysis of Advantages and Disadvantages of Using Fair Value Measurement in Accounting Practices
Abstract:This paper analyzes the accounting effects of the proposed standard SFAS no. 157 Fair Value Measurement by FASB, and considers the advantages and disadvantages of using fair value measurement in accou...This paper analyzes the accounting effects of the proposed standard SFAS no. 157 Fair Value Measurement by FASB, and considers the advantages and disadvantages of using fair value measurement in accounting practice. Boards of accounting standards and regulators often see the practice of fair value measurement as the only way to go for both the transparency and relevance of financial information, meanwhile the preparers of financial statements believes that fair value measurement is eligible to risky valuation of the assets. This paper analyzes and compares the current market and its requirements to the former, make inferences and draw conclusions in the means of advantages and disadvantages of fair value measurement and briefly explains the content of fair value measurement.Read More
Publication Year: 2009
Publication Date: 2009-11-10
Language: en
Type: article
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