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The Study of the Application Status of Fair Value Accounting in China
Yichao Liu
International Journal of Business and Management , 2010, DOI: 10.5539/ijbm.v5n9p155
Abstract: With more trade frictions as well as increasingly frequent and expanded trades between developed countries and China after its entry into WTO, fair value accounting has found its way even deeper into people’s hearts because it can reflect assets income and valid value of debt payment, offer exact information support for relevant decision makers, and more importantly, narrow the gap between China’s accounting standards and international ones as soon as possible. From the perspectives of concept, history of application, origin analysis and countermeasures, this paper conducts research and exploration into the application of fair value accounting in China.
Analysis of International Accounting Regulations with Regards to Fair Value  [PDF]
Diana COZMA IGHIAN
Annals of Dun?rea de Jos University. Fascicle I : Economics and Applied Informatics , 2010,
Abstract: Unifying the economical-financial information at an international level represents today, within the context of the globalization and integration of the financial markets around the world, an important and urgent demand. One of the coordinates of accounting globalization is the fair value based valuation system. This tendency arises from the contents of international accounting standards and from the progress of world-wide regulating practice. The economic and market events of the past years have highlighted the importance of fair value measurements used in financial statements and have emphasized the need for consistency and comparability in those measurements infinancial statements prepared around the globe.
Fair value and accounting standard for financial instrument
Holban (Oncioiu) Ionica,Oncioiu Florin Razvan
EIRP Proceedings , 2009,
Abstract: The measurement of assets and liabilities at fair value, with its subsequent gains or lossesrecognized in profit or loss, should be limited to financial investments that are readily convertible into cash orcash equivalents in active markets, and are not constrained by any business purpose. On the other hand, eventhough assets and liabilities are exposed to changes in the market price, those that are expected to obtainfuture funds and are constrained by some business purpose (non-financial investments) should not bemeasured at fair value through profit and loss. Under the Accounting Standard for Financial Instruments, fairvalue measurement is required in certain circumstances similar to IFRS or US GAAP. This paper describeshow the fair value is used under the Standard and purposes to decide whether fair value measurement isrequired or not based on the type of investment.
IAS 41 Agriculture: Fair Value Accounting
Viorel Lefter,Aureliana Geta Roman
Theoretical and Applied Economics , 2007,
Abstract: Issuing this standard that had to be applied for the first time for the financial statements started after 1.01.2003 meant a change of direction from two points of view: on one hand, through IAS 41 was issued for the first time an extensive standard typical for this sector and, on the other hand, for the first time were included in the income statement, independently from the sales transactions, incomes from variations of the fair value of an asset. Because of this last aspect, IAS 41 can be considered an important standard, because it represents the starting point of a consistent transition from the purchase cost principle towards a fair value accounting. IASC has dedicated to the thematic field of agriculture a specific standard, because this economic branch has a great importance for the developing countries. On the other hand, IAS 41 is also applied for the agricultural activities of the enterprises from other sectors.
A Note on Fair Value Accounting in a Crisis: The Influence of the Hedge  [PDF]
LA Beisland
Business and Economics Journal , 2010,
Abstract: The role of fair value accounting in the financial crisis is controversial and heavily debated. Some claim that fair value accounting of financialinstruments contributed to the recent crisis. This note acknowledges that, in many industries, a significant proportion of the financialinstruments are entered into for hedging purposes. I examine if a crisis, through the hedge accounting regulations, can affect the overall use offair value accounting in an economy. I present analytical evidence that the boosting price volatility during the crisis lead to more companiescomplying with the hedge accounting requirements, and thus to an increased extent of hedge accounting at the expense of fair valueaccounting. Hence, the analysis suggests that the hedge effectiveness provisions ensure more hedge accounting in uncertain and turbulenttimes, which are exactly the periods when hedge accounting is especially called for.
The Rent-Seeking Behavior of the Fair Value under the New Accounting Standards— Based on the Theory of Accounting for Rent-Seeking  [PDF]
Xing Liu, Shasha Cao
American Journal of Industrial and Business Management (AJIBM) , 2016, DOI: 10.4236/ajibm.2016.62009
Abstract: With the development of market economy, accounting for rent-seeking has become the new research directions in the field of accounting. Under the background of international convergence and equivalent of accounting standards, introduction of fair value measurement also becomes a hot topic. In recent years, accounting rent-seeking behavior makes the use of fair value frequently, causing serious damage to the orderly and healthy operation of the market. Based on the accounting rent-seeking theory, the paper carries out the research on background, reason and pathway of rent-seeking behavior of the fair value, combined with fair value measurement attribute, and making specific countermeasures and suggestions to suppress rent-seeking of fair value in the accounting, to improve the quality of accounting information, to protect the interests of investors, as well as the stability of the market order.
Conceptual Fair Value Accounting for Internally Generated Intangible Assets for Bulgarian Companies  [cached]
Rossen R. Petkov
International Business Research , 2011, DOI: 10.5539/ibr.v4n2p51
Abstract: This paper explores some of the conceptualissues related to reporting internally generatedintangible assets at fair value for Bulgarian Enterprises. For the scope of this paper, we evaluate the current accounting framework for intangible assets (both externally and internally generated) and its implications for small and middle size enterprises in the corporate Bulgarian settings. We note that some of the conceptual findings in this paper could be utilized as basis for further comprehensive research on intangible accounting for other countries. In addition, we argue that the principles and guidance for identifying the existence of externally generated intangible assets as a result of business combinations could be adopted for assessing whether internally generated intangible assets exist. That is, we believe thatinternally generated intangible assets can be recognized and presented in the financial statements at their fair value according to applicable accounting standards.
THE FAIR VALUE – REPRESENTATION OF THE MARKET VALUE IN ACCOUNTING. TRENDS AND PERSPECTIVES IN ROMANIAN ACCOUNTING PRACTICE  [PDF]
Marinela-Daniela Manea
CES Working Papers , 2011,
Abstract: The market value, as a method of measuring the right value, also provides the highest objectivity due to the fact that it is based on information exterior to the entity, impossible to influence in anyway. For the fair value of a product to be equivalent to the market value, a prerequisite needs to be followed: the market must be perfect, namely organized and active. In this case, the evaluation’s type is mark et to market. In certain fields, the active’s market existence is clearly difficult (for instance for the derived products or specialized, unique assets etc). In such situations – imperfect market – we will valorize that specific good by calculating its fair value by using an evaluation technique, an alternative technique in the absence of a price set by the market. There are two possible approaches: the first one belongs to the analogy method; the second approach belongs to valuing an asset using the modeling technique also known as market to model. The method of determining the value of an asset by analogy or similarity is theoretically valid, but in practice this is difficult, since the notion of similar characteristics is often difficult to establish and prove. This article proposes a valuation of the market value concept based on Romanian realities - legal, accounting practices in that area,and taking into account the existing fiscal limitations.
THE DEPRECIATED REPLACEMENT COST - REPRESENTATION OF FAIR VALUE IN ACCOUNTING. TENDENCIES AND PERSPECTIVES IN THE ROMANIAN ACCOUNTING PRACTICE  [PDF]
Manea Marinela-Daniela
Annals of the University of Oradea : Economic Science , 2011,
Abstract: The Romanian accounting system has gone through a radical reform in the last years, but the preoccupations for improving and developing Romanian accounting still continue. In order to preserve the general objective of rendering available to financial managers and analysts a common internationally agreed framework for drawing up and presenting financial statements, accounting professionals have the duty to contribute to the elaboration of accounting policies capable to transform accounting in an essential leadership instrument. Under these circumstances, there is the attempt to identify a dialogue form between accounting norms and policies, between the freedom to choose accounting procedures and the obligation to provide users with credible relevant information. The present work aims to make a thorough analysis of fair value adjustment - version of the depreciated replacement cost - which is specific to specialized corporal immobilized assets seldom commercialized on the market, by starting from the approaches and concepts existing in specialized literature, while afterwards it will carry out a comparative study between normative provisions and the concrete reality of Romanian accounting practice. Aware that fair value adjustment represents the profession of assessment experts, the presents work aims to present the potential models for quantifying fair value, which is an useful information basis for accounting professionals who have one more instrument at their disposal, for effectively and practically applying IRFS norms. Acknowledgement: This work was cofinanced from the European Social Fund through Sectorial Operational Programme Human Resources Development 2007-2013, project number POSDRU/1.5/S/59184 Performance and excellence in postdoctoral research in Romanian economics science domain.,institution:Alexandru Ioan Cuza - University of Iasi, period: 01.11.2010 - 30.04.2013, tutor: Ph.D. Professor Vasile Cocris
The Role of Fair Value Accounting for Investment in Securities: Evidences from the Chinese Stock Exchanged Market  [PDF]
Li Jing, ParkSang Kyu
iBusiness (IB) , 2010, DOI: 10.4236/ib.2010.24054
Abstract: The purpose of this study is to examine the relevance of fair value accounting measurement for investment in securities. We use three measurements for fair value: net asset based on fair value per share (FV), fair value adjusted amount per share (FVAD) and fair value adjusted investment gain and loss in earnings per share (HOLDG). Our sample is composed of Chinese listed companies from period 2006 to the end of 2008.the empirical result show that First, there are the relevance between stock price and fair value measured information. Second, the explanation power of fair value measures for stock price fluctuation in the listed companies, Third, There are distinct relativity between volatility of return of stock and fair value measured information.
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