版權(quán)說(shuō)明:本文檔由用戶提供并上傳,收益歸屬內(nèi)容提供方,若內(nèi)容存在侵權(quán),請(qǐng)進(jìn)行舉報(bào)或認(rèn)領(lǐng)
文檔簡(jiǎn)介
1、外文翻譯ExplanationBenefitsofFairValueAccountingMaterialSource:internationalsecuritiesindustryassociationrules1.DefinitionFairvalueisanestimateofthepriceanentitywouldrealizeifitweretosellanassetthepriceitwouldpaytorelieveali
2、ability.Familiarwiththesituationofbuyerssellersinfairtradingconditionsaredeterminedthepriceofthepartiesassociationinfairtradeundertheconditionsofanassetcanbebuyingsellingprice.Inthefairvaluemeasurementtheassetsliabilitie
3、sinthefairtransactionaccdingtothecircumstancewithassetexchangebetweenpartiestheamountofliabilities.Manyfinancialinstruments–suchassharestradedonanexchangedebtsecurities(U.S.Treasurybonds)derivativesaremeasuredreptedatfai
4、rvalue.2.UseofFairValueFairvalueisarequiredmeasurefmanyfinancialinstruments.Determiningwhetherafinancialinstrumentshouldberecdedatfairvalueinacompany’sfinancialstatementsdependsinpartonwhattypeofinstitutionownstheinstrum
5、enttheintendeduseofthatinstrument.Fexampleinthecaseofabrokerdealerahighpercentageofitsassetstypicallyaretradedmusttherefebeaccountedfatfairvalue.Otherinstitutionsrecdfinancialinstrumentsatfairvaluedependingonwhattheirint
6、entisfholdingtheinstrumentthenatureofthebusinessactivity.IfaninstitutiondecidedtoholdaU.S.Treasurybondtomaturityfexamplethebondcanbeshownatitsiginalcost.IftheinstitutionpurchasesanotheridenticalTreasurybondthatitintendst
7、osellinthenearfuturethatbondwouldbeaccountedfatfairvalue.Inadditiontousingfairvaluemeasurestocomplywithpublicreptingrequirementscompaniesmeasuretheirfinancialinstrumentsatfairvaluefanumberofinternalprocessesincluding:mak
8、inginvestingtradingdecisionsmanagingmeasuringrisksdetermininghowmuchcapitaltodevotetovariouslinesofbusinesscalculatingcompensation.Theuseoffairvaluemeasurementsisdeemedtoberelevantintheseareas.Adoptionoffairvaluefinancia
9、lreptingnotonlywillbeoflittlevaluetoanyconstituentbutitwouldmakefinancialyearbeenpressingtheInternationalAccountingStardsBoard(IASB)torelaxitsrulesonfairvalueaccounting.Therulesfcebanksotherstovaluetheirassetsatcurrentma
10、rketprices.Assetholdersarguethatintimesofilliquidfallingmarketsitisdifficultimpossibletovalueassetsaccurately.Fairvalueaccountingisresultinginassetsbeingvaluedatdistressedsalepricesratherthanattheirfundamentalvaluecreati
11、ngadownwardspiral.TheIASBhascounteredthatanyrelaxationinthefairvalueruleswouldcloudthepicturefinvestsregulatscouldsowtheseedsofthenextcrisis.Butlastmonthitmadeasignificantamendmenttotherules.5.BenefitsFairvalueprovidesim
12、ptantinfmationaboutfinancialassetsliabilitiesascomparedtovaluesbasedonlyontheirhisticalcost(iginalpricepaidreceived).Sincefairvaluereflectscurrentmarketconditionsitprovidescomparabilityofthevalueoffinancialinstrumentsbou
13、ghtatdifferenttimes.Inadditionfinancialdisclosuresthatusefairvalueprovideinvestswithinsightintoprevailingmarketvaluesfurtherhelpingtoensuretheusefulnessoffinancialrepts.Regardlessofwhetherfinancialinstrumentsarereptedatf
14、airvalueonthefaceofafirm’sbalancesheetthefinancialstatementfootnotescontaininfmationaboutthefairvaluesofallafirm’sfinancialinstruments.Thesefootnotesprovidedetailsonhowsuchvaluesaredetermined.Quotedpricescomparisontosimi
15、larinstrumentsothervaluationmodelsetc.InadditionfirmswillbeginhighlightingtheirmostcriticalaccountingpoliciesintheManagement’sDiscussionAnalysis(MD&A)sectionoftheirfinancialstatementsfyearsended2001.Manyviewthefairvaluat
16、ionprocessasoneofthosecriticalpolicies.SuchastheenterprisetomakefulluseofidlecapitaltomakefthepurposeofbuyingfromasecondarymarketsharesbondsfundsBelikeagainnotaseffectivehedginginstrumententerpriseofderivativessuchaslong
17、termcontractsfuturescontractexchangeoptionsetc.Inadditiontheenterprisecanbebasedonriskmanagementneedsftheeliminationoffinancialassetsfinancialliabilitiesinaccountingrecognitionmeasurementareinconsistentdirectassignedcert
18、ainfinancialassetsfinancialliabilitiestothefairvaluemeasurement.Thesearelistedasthefairvaluemeasurementinstrumentsitsvalueistoreptthemarketvalueitschangedirectlyincludedinthecurrentprofitslosses.Thisalsomeansthatiftheent
溫馨提示
- 1. 本站所有資源如無(wú)特殊說(shuō)明,都需要本地電腦安裝OFFICE2007和PDF閱讀器。圖紙軟件為CAD,CAXA,PROE,UG,SolidWorks等.壓縮文件請(qǐng)下載最新的WinRAR軟件解壓。
- 2. 本站的文檔不包含任何第三方提供的附件圖紙等,如果需要附件,請(qǐng)聯(lián)系上傳者。文件的所有權(quán)益歸上傳用戶所有。
- 3. 本站RAR壓縮包中若帶圖紙,網(wǎng)頁(yè)內(nèi)容里面會(huì)有圖紙預(yù)覽,若沒(méi)有圖紙預(yù)覽就沒(méi)有圖紙。
- 4. 未經(jīng)權(quán)益所有人同意不得將文件中的內(nèi)容挪作商業(yè)或盈利用途。
- 5. 眾賞文庫(kù)僅提供信息存儲(chǔ)空間,僅對(duì)用戶上傳內(nèi)容的表現(xiàn)方式做保護(hù)處理,對(duì)用戶上傳分享的文檔內(nèi)容本身不做任何修改或編輯,并不能對(duì)任何下載內(nèi)容負(fù)責(zé)。
- 6. 下載文件中如有侵權(quán)或不適當(dāng)內(nèi)容,請(qǐng)與我們聯(lián)系,我們立即糾正。
- 7. 本站不保證下載資源的準(zhǔn)確性、安全性和完整性, 同時(shí)也不承擔(dān)用戶因使用這些下載資源對(duì)自己和他人造成任何形式的傷害或損失。
最新文檔
- 公允價(jià)值會(huì)計(jì)【外文翻譯】
- 公允價(jià)值的利率施行【外文翻譯】
- 完善公允價(jià)值計(jì)量【外文翻譯】
- 公允價(jià)值的價(jià)值相關(guān)性【外文翻譯】
- 未來(lái)公允價(jià)值的變化【外文翻譯】
- 公允價(jià)值會(huì)計(jì)【外文翻譯】 (2)
- 外文翻譯--公允價(jià)值的價(jià)值相關(guān)性
- 公允價(jià)值計(jì)量屬性的探析 外文翻譯--公允價(jià)值會(huì)計(jì)在安然事件中的使用及其啟示
- 公允價(jià)值計(jì)量屬性的探析 外文翻譯--公允價(jià)值會(huì)計(jì)在安然事件中的使用及其啟示
- 未來(lái)公允價(jià)值的變化外文翻譯
- 公允價(jià)值計(jì)量屬性的探析 外文翻譯--公允價(jià)值會(huì)計(jì)在安然事件中的使用及其啟示.doc
- 公允價(jià)值計(jì)量屬性的探析 外文翻譯--公允價(jià)值會(huì)計(jì)在安然事件中的使用及其啟示.doc
- 公允價(jià)值計(jì)量屬性的探析 外文翻譯(英文)--公允價(jià)值會(huì)計(jì)在安然事件中的使用及其啟示(節(jié)選)
- 公允價(jià)值會(huì)計(jì)、金融和會(huì)計(jì)可靠性的關(guān)系【外文翻譯】
- 公允價(jià)值計(jì)量畢業(yè)論文外文翻譯
- 公允價(jià)值計(jì)量屬性的探析 外文翻譯(中文)--公允價(jià)值會(huì)計(jì)在安然事件中的使用及其啟示(節(jié)選)
- 會(huì)計(jì)專業(yè)外文翻譯----公允價(jià)值測(cè)量
- 外文翻譯--公允價(jià)值會(huì)計(jì)、金融和會(huì)計(jì)可靠性的關(guān)系(節(jié)選)
- 完全公允價(jià)值會(huì)計(jì)時(shí)代的到來(lái)【外文翻譯】
- 公允價(jià)值計(jì)量審計(jì)相關(guān)調(diào)查的綜合【外文翻譯】
評(píng)論
0/150
提交評(píng)論