Business, Management and Accounting
8 years ago

Fair Value Accounting Revolutionizes Global Economy with Controversial Impact.

2 views
Journal of Accounting Auditing & Finance
The Pros and Cons of Fair Value Accounting in a Globalized Economy
Antonio Marra

Paper Summary

Fair Value Accounting is a hot topic in accounting standards due to changes in the global economy and the 2007 financial crisis. Research shows both pros and cons of fair value accounting, with subjectivity and estimates playing a big role. Despite these challenges, fair value accounting is important for a globalized economy and is likely to become more significant in the future.

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