haku: @all fair value / yhteensä: 87
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| Tekijä: | Cairns, D. |
| Otsikko: | The use of fair value in IFRS |
| Lehti: | Accounting in Europe
2006 : VOL. 3, p. 5-22 |
| Asiasana: | financial reporting standards |
| Kieli: | eng |
| Tiivistelmä: | The implementation of International Financial Reporting Standards (IFRS), especially in the European Union (EU), has led to comments that IFRS are "fair value based standards" and that the IASB is moving inexorably towards full fair value accounting. This article examines the extent to which IFRS do require the use of fair values (here as: f-vls.) for the measurement of assets and liabilities (as: ast-and-lbls). It explains the definition of f-vls. in IFRS, the evolution of that definition and the need for further clarifications and guidance with respect to the application of the definition. Identified are the four main uses of f-vls. in IFRS out of which three reflect what should have happened under many national standards. The fourth use is, in practice, restricted to very few ast-and-lbls. |
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