Business, Management and Accounting
3 years ago

Fair Value Accounting: A Call for Uniformity in Financial Reporting

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ZENITH International Journal of Multidisciplinary Research
An overview of fair value accounting
Kaushik Chakraborty

Paper Summary

The article gives an overview of Fair Value Accounting (FVA) and its importance in financial reporting. It discusses the differences between fair value-based and historical cost-based financial statements. The main conclusion is that there is a need for a standardized model for fair value measurement to improve consistency in financial reporting worldwide.

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