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Fair Value Measurement: Intricacy and Responsibility

Author

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  • Dobre Elena

    (Faculty of Economics, Ovidius University, Constanta)

Abstract

Fair value is still a novelty in the field of accounting valuation, because of the application of IFRS 13. Banking accounting professionals are interested in the measurement of the fair value of financial instruments. In banking, an efficient way to control risks is always necessary. This paper is the second part of a larger endeavor aimed at explaining valuation techniques used in the hedging of price risks. The special purpose and research question is to discover the level of assimilation of good practices in the fair value field before the issuing IFRS13. This study is based on the case of Dexia BIL’s restructuration. The qualitative approach follows the critical research method of a case study. The core of the paper is about the fair value measurement of retail and private banking businesses. The findings are revealing of critical aspects and risks and are quite interesting for professional groups such as banking managers, accountants and also for students or trainees.

Suggested Citation

  • Dobre Elena, 2014. "Fair Value Measurement: Intricacy and Responsibility," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 489-494, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:489-494
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    More about this item

    Keywords

    fair value measurement; valuation techniques; financial crisis; restructuration plan; intricacy and responsibility;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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