Fair Value Accounting: The Eternal Debate – AinE EAA Symposium, May 2018

IF 4.6 Q1 BUSINESS, FINANCE Accounting in Europe Pub Date : 2019-09-02 DOI:10.1080/17449480.2019.1664754
Araceli Mora, Anne Mcgeachin, Mary E. Barth, R. Barker, Alfred Wagenhofer, P. Joos
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引用次数: 9

Abstract

Abstract The last financial crisis led to a vigorous debate still in place about the pros and cons of fair-value accounting (FVA). While detractors basically argue its potential negative impact on procicality and financial stability or inadequacy in illiquid markets or specific business models, the International Accounting Standards Board (IASB) pushed to extend FVA in the new financial instruments standard and issued IFRS 13 to clarify its meaning and application. Some empirical research shows the usefulness of fair value accounting information to investors and contradicts its negative impact on stability, while other studies argue about its limitations in the contracting and stewardship role of accounting. The panelists of this symposium will present their views to contribute to the debate, which should be of interest not just to academic researchers, but also to practitioners and standard setters to deal with implementation issues and potential needs to address in the standards.
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公允价值会计:永恒的争论- EAA研讨会,2018年5月
上一次金融危机引发了一场关于公允价值会计(FVA)利弊的激烈辩论。虽然批评者基本上认为其对实用性和金融稳定性的潜在负面影响,或在非流动性市场或特定商业模式中的不足,但国际会计准则理事会(IASB)推动在新的金融工具准则中扩展FVA,并发布了国际财务报告准则第13号,以澄清其含义和应用。一些实证研究表明公允价值会计信息对投资者有用,并与其对稳定性的负面影响相矛盾,而其他研究则认为公允价值会计信息在承包和管理会计角色方面存在局限性。本次研讨会的小组成员将提出他们的观点,为辩论做出贡献,这不仅应该引起学术研究人员的兴趣,而且应该引起从业者和标准制定者的兴趣,以处理标准中的实施问题和潜在需求。
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来源期刊
Accounting in Europe
Accounting in Europe BUSINESS, FINANCE-
CiteScore
5.00
自引率
7.10%
发文量
14
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