The Routledge companion to fair value in accounting [electronic resource] / edited by Gilad Livne and Garen Markarian.

First edition.
Boca Raton, FL : Routledge, an imprint of Taylor and Francis, [2018].
Routledge handbooks
Routledge companions in business, management and accounting.
Routledge companions in business, management and accounting
1 online resource (346 pages) : 68 illustrations.
Banks and banking.
Financial Statement Analysis.
Financial statements.
Accounting -- Standards.
Fair Value.
Great Financial Crisis.
Fair value -- Accounting.
Electronic books.
The concept of "fair value" marked a major departure from traditional cost accounting. In theory, under this approach a balance sheet that better reflects the current value of assets and liabilities. Critics of fair value argue that it is less useful over longer time frames and prone to distortion by market inefficiencies resulting in procyclicality in the financial system by exacerbating market swings.Comprising contributions from a unique mixture of academics, standard setters and practitioners, and edited by internationally recognized experts, this book, on a controversial and intensely debated topic, is a comprehensive reference source which:examines the use of fair value in international financial reporting standards and the US standard SFAS 157 Fair Value Measurement, setting out the case for and againstexplores fair value accounting in practice, involvement in the Great Financial Crisis, implications for managerial reporting discretion, compensation and investmentlooks at fair value from a number of different theoretical and practical perspectives, including a critical review of the merits and arguments against the use of fair value accountingThis volume is an indispensable reference that is deserving of a place on the bookshelves of both libraries and all those working in, studying, or researching the areas of international accounting, financial accounting and reporting.
chapter Prologue: A reection
chapter 1 Does the usage of fair values increase systemic risks? / Alan Ball
part PART I Standards and conceptual issues
chapter 2 Fair value and the Conceptual Framework / Andrew Lennard
chapter 3 Fair value accounting: a standard-setting perspective / Michel Magnan
chapter 4 Have the standard-setters gone too far, or not far enough, with fair value accounting? / Ken Peasnell
chapter 5 Shareholder value, nancialization and accounting regulation: making sense of fair value adoption in the European Union Vera Palea
part PART II Fair value, risk and financial crisis
chapter 6 Measuring fair value when markets malfunction: evidence from the nancial crisis / Amir Amel-Zadeh
chapter 7 Fair value accounting in nancial institutions / Christof Beuselinck
chapter 8 Bank risk management - and fair value accounting / Thomas A. Gilliam
chapter 9 The use of fair value accounting in risk management in non-nancial rms / John L. Campbell, Jenna D'Adduzio and Jon Duchac
part PART III Development
chapter 10 The history of the fair value term and its measurements / Martin E. Persson
chapter 11 The 'fairness' of fair value accounting: marking-to-market, marking-to-model and nancial reporting management / Kalin Kolev
chapter 12 let the fox guard the henhouse: how relaxing the three-level fair value hierarchy increases the reliability of fair value estimates / Ester Chen
part PART IV Specific topics
chapter 13 Fair value accounting: a manager's perspective / Thomas A. Gilliam
chapter 14 Tax-related implications of fair value accounting / Kay Blaufus
chapter 15 Fair value accounting and executive compensation / Gilad Livne
chapter 16 Fair value and the formation of nancial market prices through ignorance and hazard / Yuri Biondi
chapter 17 Fair value accounting: China experience / Jun Chen
chapter 18 Fair value accounting and family rms / Pietro Mazzola.
Includes bibliographical references and index.
Livne, Gilad, editor.
Markarian, Garen, editor.
Taylor & Francis.
Other format:
Print version:
Publisher Number:
10.4324/9781315621876 doi
Access Restriction:
Restricted for use by site license.
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