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Fair Value Measurement - Obstacle or Benefit of Financial Accounting and Reporting?
[Oceňování reálnou hodnotou - překážka nebo přínos účetního výkaznictví?]

Author

Listed:
  • Marcela Žárová

Abstract

Introduction of fair value into financial accounting and reporting is a consequence of accounting development in practice, in the last decade of the 20th century. Tendency to introduce fair value, even into SME accounting and reporting, brings fundamental obstacles. There are comments on published IFRS for Small and Medium-sized Entities (ED SME IFRS, 2007) in this text. Public comments are supported by results from field testing realized in Finland. The US SEC shall have the authority under the securities laws to suspend the application of Statement Number 157 of the FASB if the Commission determines that is necessary or appropriate in the public interest and is consistent with the protection of investors.

Suggested Citation

  • Marcela Žárová, 2008. "Fair Value Measurement - Obstacle or Benefit of Financial Accounting and Reporting? [Oceňování reálnou hodnotou - překážka nebo přínos účetního výkaznictví?]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2008(4), pages 44-50.
    • Handle: RePEc:prg:jnlcfu:v:2008:y:2008:i:4:id:289:p:44-50
    DOI: 10.18267/j.cfuc.289
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    More about this item

    Keywords

    Fair value; SME IFRS; IASB; FASB; SEC; Reálná hodnota;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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