Peter Lang D
Fair Value Accounting; Implications for Users of Financial Statements
Product Code:
9783631633113
ISBN13:
9783631633113
Condition:
New
$124.13
Fair Value Accounting; Implications for Users of Financial Statements
$124.13
Fair value accounting is viewed as a major feature of IFRS and several standards either require assets to be measured at fair value or at least provide an option to fair value measurement instead of applying historical cost. While it is argued that fair values provide more timely and relevant information, the global financial crisis led to a considerable debate about the usefulness of fair value accounting. The study examines the implications of fair value accounting for financial analysts and nonprofessional investors. It provides evidence that, even if financial analysts find it challenging to produce accurate forecasts under a fair value regime, nonprofessional investors make larger investments and are more confident with their judgments for fair value firms.
| Author: Kristian Bachert |
| Publisher: Peter Lang D |
| Publication Date: May 03, 2012 |
| Number of Pages: 322 pages |
| Binding: Hardback or Cased Book |
| ISBN-10: 3631633114 |
| ISBN-13: 9783631633113 |
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