Business, Management and Accounting
8 years ago

Fair value accounting revolutionizes banking and financial systems worldwide.

2 views
Caijing lilun yu shijian
Fair Value Accounting:Theory Analysis and Empirical Evidence
Luo Sheng-qiang

Paper Summary

Fair value accounting has been a topic of debate between accounting standards setters and banking regulators. This paper reviews various studies on fair value accounting and its impact on banking and the financial system. The shift from historical cost accounting to fair value accounting has had a significant effect on the financial industry. It is recommended that more research be done to fully understand the effects of fair value accounting before expanding its use in financial statements.

Related papers

Business, Management and Accounting
8 years ago

Fair value accounting poses challenges for auditors in Nigeria.

Earnings Management
Value-based Management
Accounting Education
2 views
Business, Management and Accounting
4 years ago

New Accounting Standards Bring Clarity to Fair Value Measurement in Financial Statements.

Risk Management
Innovation Security
Economic Management
2 views
Business, Management and Accounting
4 years ago

Fair value revolutionizes financial accounting, shaping modern enterprise management.

Value-based Management
2 views