Business, Management and Accounting
5 years ago

Fair value accounting not linked to financial crisis in Lithuania.

2 views
Buhalterinės apskaitos teorija ir praktika
The relationship between the financial crisis and the measurement of fair value in financial statements
Birutė Gudonytė, Kristina Rudžionienė

Paper Summary

The article explores how fair value measurement in financial statements may have affected the financial crisis. By studying 25 Lithuanian companies, it was found that they tend to value more assets than liabilities using fair value. However, there was no proven link between fair value reporting and the financial crisis in Lithuania.

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