| Description |
1 online resource (xvii, 342 pages) |
| Series |
Routledge companions in business, management and accounting |
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Routledge companions in business, management and accounting.
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| Contents |
Standards and conceptual issues -- Fair value and the conceptual framework -- Fair value accounting : a standard setting perspective -- Have the standard setters gone too far, or not far enough, with fair value accounting? -- Shareholder value, financialization and accounting regulation : making sense of fair value adoption in the European Union -- Fair value, risk and financial crisis -- Measuring fair value when markets malfunction : evidence from the financial crisis -- Fair value accounting in financial institutions -- Bank risk management : and fair value accounting -- The use of fair value accounting in risk management in non-financial firms -- Development (or other title) -- The history of the fair value term and its measurements -- The "fairness" of fair value accounting : marking-to-market, marking-to-model, and financial reporting management -- Let the fox guard the henhouse : how relaxing the three-level fair value hierarchy increases the reliability of fair value estimates -- Specific topics -- Fair value accounting : a manager's perspective -- Tax related implications of fair value accounting -- Fair value accounting and executive compensation -- Fair value and the formation of financial market prices through ignorance and hazard -- Fair value accounting : China experience -- Fair values and family firms -- Index |
| Summary |
"The concept of "fair value" marked a major departure from traditional cost accounting. In theory, under this approach a balance sheet that better reflects the current value of assets and liabilities. Critics of fair value argue that it is less useful over longer time frames and prone to distortion by market inefficiencies resulting in procyclicality in the financial system by exacerbating market swings.Comprising contributions from a unique mixture of academics, standard setters and practitioners, and edited by internationally recognized experts, this book, on a controversial and intensely debated topic, is a comprehensive reference source which:examines the use of fair value in international financial reporting standards and the US standard SFAS 157 Fair Value Measurement, setting out the case for and againstlooks at fair value from a number of different theoretical and practical perspectives, including a critical review of the merits and arguments against the use of fair value accountingexplores fair value accounting in practice, involvement in the Great Financial Crisis, implications for managerial reporting discretion, compensation and investmentThis volume is an indispensable reference that is deserving of a place on the bookshelves of both libraries and all those working in, studying, or researching the areas of international accounting, financial accounting and reporting."--Provided by publisher |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Online resource; title from PDF title page (EBSCO, viewed June 18, 2018) |
| Subject |
Fair value -- Accounting.
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BUSINESS & ECONOMICS -- Accounting -- Financial.
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Fair value -- Accounting
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| Genre/Form |
Electronic books
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handbooks.
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Handbooks and manuals.
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Guides et manuels.
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| Form |
Electronic book
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| Author |
Livne, Gilad, editor
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Markarian, Garen, editor
|
| ISBN |
9781317221326 |
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131722132X |
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9781317221319 |
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1317221311 |
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9781317221302 |
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1317221303 |
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9781315621876 |
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1315621878 |
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