Fair Value Accounting. Implications for Users of Financial Statements
Bachert K
Abstract
Fair value accounting is a major feature of financial reporting under IFRS. It is assumed to provide more timely and relevant information for users of financial statements compared to historical cost. Thus, several standards either require assets to be measured at fair value or at least provide an option to fair value measurement. However, the global financial crisis led to a considerable debate about the usefulness of fair values in financial statements. Opponents of the fair value regime argue that fair value measurement of assets and liabilities is potentially misleading, especially when fair values are not derived from active markets.
Publication type
Book (monograph)
Peer reviewed
Yes
Publication status
Published
Year
2012
Editor
Bachert Kristian
Number of pages
289
Volume
7
Title of series
Münsteraner Schriften zur Internationalen Unternehmensrechnung
Publisher
Peter Lang
Place
Frankfurt a. M.
Language
English
ISBN
978-3-631-63311-3