scholarly journals Fair Value Accounting: Information or Confusion for Financial Markets?

2011 ◽  
Author(s):  
Antonio Parbonetti ◽  
Andrea Menini ◽  
Michel Magnan
Keyword(s):  
Financial Markets ◽  
Accounting Information ◽  
Fair Value ◽  
Fair Value Accounting

scholarly journals Fair value accounting: information or confusion for financial markets?

2014 ◽  
Vol 20 (1) ◽  
pp. 559-591 ◽  
Author(s):  
Michel Magnan ◽  
Andrea Menini ◽  
Antonio Parbonetti
Keyword(s):  
Financial Markets ◽  
Accounting Information ◽  
Fair Value ◽  
Fair Value Accounting

The role of using fair value on relevance and representation faithfulness of accounting information in accordance with the Common Conceptual Framework (FASB-IASB)

2019 ◽  
Vol 118 (12) ◽  
pp. 142-165
Author(s):  
Dr. Nada Kaki Bira ◽  
Layla Naji Majeed Al Fatlawi
Keyword(s):  
Conceptual Framework ◽  
Accounting Information ◽  
Fair Value ◽  
Fair Value Accounting ◽  
Global Trend ◽  
The Common ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

The global trend towards the use of fair value accounting is increasing, so the current study aimed to maximize the impact of fair value application on achieving relevance and representation faithfulness of accounting information in accordance with the common conceptual framework. To achieve the objective of this study, the researcher has determined in the theoretical framework the relationship of fair value with the characteristics of relevance and representation faithfulness of accounting information and the extent of achieving these characteristics, as well as conducting a field study by preparing a questionnaire distributed to a sample of academics (50) and auditors (50) with a total number of selected participants (100) of academics and auditors.

Is There a Future for Fair Value Accounting After the 2008–2009 Financial Crisis?

2010 ◽  
Vol 13 (03) ◽  
pp. 469-493 ◽  
Author(s):  
Bikki Jaggi ◽  
James P. Winder ◽  
Cheng-Few Lee
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
Fair Value ◽  
Accurate Information ◽  
Fair Value Accounting ◽  
Accounting Regulation ◽  
Recent Modification ◽  
Fas 157 ◽  
Recent Financial Crisis ◽  
The Impact

This paper evaluates the role of fair value accounting in recent financial crisis, and examines whether the call for its demise is justified. Critics argue that fair accounting regulation added to the volatility in financial markets and aggravated financial crisis. On the other hand, supporters of this regulation argue that fair value accounting has been the victim of the recent financial crisis. They believe that this regulation is important for providing transparent, reliable, and accurate information on asset values to investors. After evaluating the impact of fair value accounting regulation on financial crisis, we examine negative and positive aspects of this regulation. Our discussion shows that fair value accounting provides useful information during stable market conditions, but its usefulness may become questionable during unstable and volatile financial markets. Overall, this regulation has the support of financial professional bodies. Some professionals are, however, concerned about recent modification to the fair value accounting rule, i.e., FAS 157-4, because this modification may not enhance reliability and accuracy of financial information. Despite recent modification, discussion on fair value accounting is far from over. Critics of the regulation still believe that this regulation should be eliminated, but the positive aspects of this regulation support its continuation.

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