Business, Management and Accounting
8 years ago

Fair value measurement in accounting: a double-edged sword for decision-making.

2 views
Journal of Harbin University of Commerce
Research on Fair Value Measurement Attribute Application on the Current Economic Conditions
Du Yan

Paper Summary

The article discusses how using fair value in accounting can be both helpful and challenging. Fair value can make financial information more relevant for decision-making, but it can also lead to unreliable and costly information. To make fair value work better, we need to improve the environment it's used in, enhance accounting standards, and set clear rules for determining fair value.

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