Title: The Challenges and Impact of Fair Value Measurement on Accounting Theory and Practice
Abstract: This paper analyzes the content of fair value,and points out that the use of fair value measurement challenges the traditional theory that accounting earnings must be achieved through trade and the accounting conservation principle after the implementation of the new corporate accounting standards in 2006.With the improvement of the economic situation,the financial market and capital market are booming irrationally and fair value can inflate net earnings and net asset per share.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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