Business, Management and Accounting
6 years ago

Fair value measurement revolutionizes financial reporting for investors worldwide.

1 view
Studies of Applied Economics
The Use of Fair Value Measurement in Financial Reporting: A Literature Review
Constancio Zamora Ramírez, José Morales Díaz

Paper Summary

Fair value measurement has become more common in financial reporting standards over the past forty years. The debate revolves around whether fair value is relevant and reliable for valuing assets. Research shows that fair value is the best model for managing risk and provides useful information for investors. The evidence is strongest for fair value measurements classified as Level 1 and Level 2.

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