IDEAS home Printed from https://ideas.repec.org/a/osi/journl/v10y2014p582-599.html
   My bibliography  Save this article

Fair Value Measurement - The New Ifrs 13 - Conceptual Suitability As A Data Basis For Controlling And Impact On Performance Measurement

Author

Listed:
  • Bodo Runzheimer

    (Hochschule Pforzheim University, Federal Republic of Germany)

Abstract

The issue is examined whether the growing importance of providing information to investors accompanied by the increased impact of IFRS, which is the dominant accounting system around the world, has ignited the discussions on the necessity of separated external and internal accounting so much that fresh possibilities of convergence of accounting standards have come to the forefront. Within IFRS, fair value accounting is both very significant and controversial. In May 2011 the IASB released a new standard regarding fair value measurement; IFRS 13 was intended to provide a uniform regulation for this central valuation. It is examined whether fair value is conceptually appropriate for use in controlling if the new IFRS 13 is adhered to. Admittedly, the new IFRS 13 brings no significant improvements in terms of taxation. Fair value balancing does have certain implications for performance measurement, shown in balance sheet ratio. This, however, can be assessed only for each individual case, and not across the board. Using fair value accounting, value-driven single-period performance measures such as EVA have a potentially better database, which reduces only the number of transitional positions.

Suggested Citation

  • Bodo Runzheimer, 2014. "Fair Value Measurement - The New Ifrs 13 - Conceptual Suitability As A Data Basis For Controlling And Impact On Performance Measurement," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 10, pages 582-599.
  • Handle: RePEc:osi:journl:v:10:y:2014:p:582-599
    as

    Download full text from publisher

    File URL: http://www.efos.hr/repec/osi/journl/PDF/InterdisciplinaryManagementResearchX/IMR10a43
    Download Restriction: no

    More about this item

    Keywords

    International Financial Reporting Standard 13 (IFRS 13); International Accounting Standards Board (IASB); Fair-Value-Measurement; Performancemessung und Contolling;

    JEL classification:

    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osi:journl:v:10:y:2014:p:582-599. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hrvoje Serdarusic, PhD). General contact details of provider: http://edirc.repec.org/data/efosihr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.