Livne / Markarian The Routledge Companion to Fair Value in Accounting

1. Auflage 2018
ISBN: 978-1-317-22131-9
Verlag: CRC Press
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 346 Seiten

Reihe: Routledge Companions in Business, Management and Accounting

The concept of "fair value" marked a major departure from traditional cost accounting. In theory, under this approach balance sheets will better reflect the current value of assets and liabilities. Yet, critics of fair value argue that it is less useful over longer time frames and prone to distortion by market inefficiencies.

This comprehensive edited book covers the contemporary theory and practice of fair value in accounting, providing advanced students and researchers with expert analysis of every facet of the field. Professionals in accounting will also find this incredible useful in considering new ways or working.

Autoren/Hrsg.

Livne, Gilad

Markarian, Garen

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Betriebliches Rechnungswesen

Inhaltsverzeichnis

Part 1: Introduction – A roadmap: where does FV play a role?

- IFRS

- US GAAP

- The North American contrast: US and Mexico

- Medium and small entities.

- The possible different meanings of fair values and competing measurement bases (e.g., replacement cost, deprival value, etc.)

- The evolution of FV accounting – historic perspective

- FV and the conceptual frameworks – are they compatible?



Part II – Evidence on the value relevance and contractual role of FV

- Do stock prices and returns reflect FV measures?

- The contractual role of FV measures

- Earnings management (manipulations) and FV

- Can auditors audit fair values? The evidence.

- Fair values in financial institutions

- Fair values and the financial crisis of 2007-08

Part III – Perspectives of users, preparers, auditors, and standard setters

- A user’s perspective

- An auditor perspective

- A preparer’s perspective

- A standard setter’s perspective

Part IV – Special Topics

- Pensions

- CEO compensation

- Risk management in banks

- Risk management in industrial companies

- Measurement issues

- Does the usage of fair values increase systemic risks?

Part V – International evidence

- The Chinese experience

- A view from other markets (India, Japan, South Africa, Nigeria, Russia, Argentina, and Brazil)

Über Autor(innen)

Gilad Livne is Professor of Accounting at the University of Exeter, UK.

Garen Markarian is Chair of Financial Accounting at WHU-Koblenz, Germany and Professor of Accounting at the University of Exeter, UK.