Title: The Relevance and Reliability of Fair Value
Abstract: Relevance and reliability are the essential quality characteristics of decision-useful accounting information.They are not only related to the decision-making of financial report users,but also associated with the measurement attribute choice.The question whether fair value,as one of the most furiously scrutinized measurement attributes,has the quality characteristics of both relevance and reliability needs deep analysis into the connotation of fair value.It is generally thought that,compared with history cost based accounting information,fair value accounting information is more relevant but less reliable.This article holds that fair value is virtually relevant and reliable.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot