Business, Management and Accounting
8 years ago

Financial Accounting Shift to Fair Value Measurement Could Impact Global Economy

1 view
European Financial and Accounting Journal
Historical Costs versus Fair Value Measurement in Financial Accounting
Dana Dvořáková

Paper Summary

The article discusses how assets and liabilities are measured in financial accounting, focusing on historical costs versus fair value. While many standards use fair value only at a balance sheet day, the IASB proposed fair value measurement on initial recognition for all assets and liabilities. The article assesses the risks of extending fair value measurement and explores its implications during financial crises.

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