Fair value accounting: fair for whom?(President's Page)

Financial Executive;  March 1, 2004 ;     700+ words ......Accounting Standards Board (FASB) added a fair value measurement project to its agenda last...David Tweedie, IASB chairman, have a fair value orientation to financial reporting. Herz...concluded in many recent pronouncements that fair value information is the most relevant, wants...

Recent FASB Initiatives on Fair Value

ELT;  November 1, 2006 ;     700+ words ......assets and liabilities will be measured at fair value. The issue of whether cost or fair value is the most meaningful and "transparent...for years. For instruments where reliable fair value information is readily available, there isn...

Fair value accounting: are you ready?(Accounting)(Column)

Strategic Finance;  August 1, 2008 ;     700+ words ......Standards Board (FASB) has long believed that fair value accounting is the most relevant basis...companies and analysts accustomed to fair value accounting and disclosures, but the move...article I'm not going to delve into whether fair value accounting is the appropriate ...

A research note: Fair value and executory contracts: moving the boundaries...

Accounting and Business Research;  October 1, 2006 ;     700+ words ......state in some standards. The professional debate about fair value obscures the underlying boundary shift. Fair value is used to simulate completion of the transaction cycle. The use of fair value in this way is accompanied by a change in emphasis...

New requirements for measuring and reporting fair value in GAAP.

Review of Business;  October 1, 2007 ;     700+ words ......Financial Accounting Standards No. 157, Fair Value Measurements, which was finally issued...establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. The standard gives guidance...

Fair Value Accounting Works Well, but Is Not Perfect

The CPA Journal;  July 1, 2008 ;     700+ words ...Fair value accounting offers users of financial...increasingly question the efficacy of fair value measures, which require companies to...values. Debate about the usefulness of fair value has increased as illiquid and volatile...

SEC OFFICE OF CHIEF ACCOUNTANT AND FASB STAFF CLARIFICATIONS ON FAIR VALUE...

US Fed News Service, Including US State News;  September 30, 2008 ;     700+ words ......questions surrounding the determination of fair value particularly challenging for preparers...and auditors, on the application of fair value measurements in the current market environment...on these and other issues surrounding fair value measurements, the FASB is preparing to...

The new fair value hierarchy: key provisions, implications, and effect on...

Review of Business;  October 1, 2007 ;     700+ words ......of Financial Accounting Standards No. 157, Fair Value Measurements, introduces a fair value hierarchy that prioritizes the data companies...expected to improve existing practices concerning fair value reporting. This paper examines the key provisions...

Financial reporting quality: is fair value a plus or a minus?

Accounting and Business Research;  January 1, 2007 ;     700+ words ......The issue of when, rather than how, fair value measurement should be applied is still...values have yet to be articulated: when is fair value accounting appropriate and when is it...this paper, under what circumstances is fair value a plus or a minus? To prepare for my...

SFAS 159: The Fair Value Option

The CPA Journal;  August 1, 2007 ;     700+ words ......Accounting Standards (SFAS) 159, The Fair Value Option for Financial Assets and Fianancial...watershed event in FASB's drive toward a full fair-value basis for financial accounting. While...familiar with recent controversies over fair value measurement, the scope of FASB's ...

Ask FERF about ...... fair value.(resources)

Financial Executive;  January 1, 2007 ;     700+ words ......2006 may go down in history as The Year of Fair Value. During calendar year 2006, the Financial Accounting...156 and 157) and one Proposed Statement (The Fair Value Option) that relate to fair value. These documents are available for download...

Fair value Accounting from theory to practice: implementation of SFAS No....

Strategic Finance;  July 1, 2008 ;     700+ words ......mark-to-market valuation guy....The strength of fair value is that it is a more objective basis...information needs. Herz said that a Standard on fair value is absolutely necessary but asserted...Accounting Standards No. 157 (SFAS No. 157), Fair Value Measurements, doesn't do a good ...

Like it or not fair value is here to stay: arguments aside, FAS 157 has...

Financial Executive;  March 1, 2008 ;     700+ words ......guidance on how entities should measure fair value when they are required to or have elected to use a fair value measure for recognition or disclosure...accepted accounting principles (GAAP). Fair value measures have been permitted or required...

Fair value measurements in impairment testing: how SFAS No. 157 increases...

Review of Business;  October 1, 2007 ;     700+ words ......Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157). Prior to this...Principles included different definitions of fair value, and limited and dispersed application...comparability, as well as transparency, in fair value measurements by providing a single ...

Fair Value Acctg. Has Insurers, FASB At Odds.

National Underwriter Life & Health-Financial Services Edition;  November 15, 1999 ;     700+ words ......Board are at odds over what is fair in fair value accounting and whether the system should...at all for life insurance contracts. Fair value accounting has provoked intense discussion...lengthy and intense discussion of the fair value of financial instruments at a recent...