The lack of impact of fair value accounting: a commentary on ‘“fair value” accounting as the normative Fisherian phase of accounting’

IF 0.8 Q4 BUSINESS
C. R. Baker
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引用次数: 6

Abstract

ABSTRACT This commentary argues that the question of fair value measurement is a non-issue from the standpoint of accounting standards setting, as well as for issuers and users of financial statements. In our view, fair value measurements only apply to a small number of accounts and to a small number of companies. In fact, over the past century we observe little interest on the part of companies, professional accountants and standards setters in applying fair value accounting measurements to general purpose financial statements over the last century. While Cardao-Pito and Ferreira make a good case that similarities exist between the work of Irving Fisher and accounting pronouncements pertaining to fair value, I contend that this is a coincidence.
公允价值会计影响的缺乏:“公允价值”会计作为规范的费舍尔会计阶段的评论
这篇评论认为,从会计准则制定的角度来看,公允价值计量的问题是一个非问题,对于财务报表的发行人和使用者来说也是如此。我们认为,公允价值计量只适用于少数账户和少数公司。事实上,在过去的一个世纪里,我们观察到公司、专业会计师和标准制定者对在通用财务报表中应用公允价值会计计量几乎没有兴趣。虽然Cardao-Pito和Ferreira很好地证明了欧文·费雪(Irving Fisher)的工作与公允价值相关的会计声明之间存在相似之处,但我认为这只是巧合。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
1.20
自引率
16.70%
发文量
9
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